Retirement plan

WESTPORT HOSPITALITY 401(K) PLAN

Name: WESTPORT HOSPITALITY,LLC - WESTPORT HOSPITALITY 401(K) PLAN (2021) Form 5500
Creator: WESTPORT HOSPITALITY,LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTPORT HOSPITALITY 401(K) PLAN, WESTPORT HOSPITALITY,LLC

WESTPORT HOSPITALITY,LLCEIN 03-0355836Plan #001PY 2021

41 CHERRY STREET - BURLINGTON, VT 05401802-864-8608westporthospitality.comLinkedIn51-200 employeeshospitality

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.7M

+19.4% from 2020

Total participants

120

+1.7% from 2020

Average account balance

$57,435

+29.5% from 2020

Annual return

16.17%

+2.77 pp from 2020

Benchmarks

See 3,928 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,928 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.77M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$59K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$413K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.79%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3950

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 346 SHELBURNE RD. · BURLINGTON, VT 05401	Advisory (Plan)	$7,725

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$11K

$118 / participant

Investment mgmt$8K72.7%
Contract admin$3K24.8%
Other / not subdivided$2702.5%

% of EOY assets

0.226%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BILODEAU WELLS & COMPANY, P.C.
Auditor EIN: 030293317
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,435

$39,028+47.2%

$80,741-28.9%

$85,847-33.1%

Participation rate

57.8%

41.6%+16.2pp

54.2%+3.6pp

69.3%-11.5pp

Annual return

16.17%

26.31%-10.1pp

87.30%-71.1pp

318.61%-302.4pp

Employer contribution / active EE

$1,416

$722+96.0%

$1,160+22.0%

$2,565-44.8%

Participant deferral / active EE

$2,608

$1,326+96.7%

$2,145+21.6%

$3,952-34.0%

Admin fee / account holder

$130

$2,429-94.7%

$3,380-96.2%

$6,261-97.9%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27

346 SHELBURNE RD. · BURLINGTON, VT 05401

Advisory (Plan)

$7,725

WESTPORT HOSPITALITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTPORT HOSPITALITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion