Retirement plan

THE NEW CASTLE HOTELS 401(K) SAVINGS PLAN

Name: NEW CASTLE HOTELS LLC - THE NEW CASTLE HOTELS 401(K) SAVINGS PLAN (2017) Form 5500
Creator: NEW CASTLE HOTELS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NEW CASTLE HOTELS 401(K) SAVINGS PLAN, NEW CASTLE HOTELS LLC

NEW CASTLE HOTELS LLCEIN 06-1428405Plan #001PY 2017

TWO CORPORATE DRIVE - SHELTON, CT 06484203-925-8370newcastlehotels.comLinkedIn1001-5000 employeeshospitality

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.2M

+10.7% from 2016

Total participants

660

+14.4% from 2016

Average account balance

$28,719

-22.9% from 2016

Annual return

17.27%

+11.86 pp from 2016

Benchmarks

See 698 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort698 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.41M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

1,208

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.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$30,766
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$13,497
FUST CHARLES CHAMBERS LLP2 years Filed as: FUST CHARLES CHAMBERS Service code 10 · EIN 16-1226221	Accounting	$10,000
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
NORTHERN FUNDS1 year Service code 52 · EIN 39-1777365	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D3H2S2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$41K

$75 / participant

Investment mgmt$21K52.5%
Contract admin$8K19.4%
Other / not subdivided$11K28.1%

% of EOY assets

0.334%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FUST CHARLES CHAMBERS LLP
Auditor EIN: 166126221
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,719

$28,416+1.1%

$73,550-61.0%

$69,631-58.8%

Participation rate

56.8%

38.3%+18.5pp

54.9%+1.9pp

70.7%-13.9pp

Annual return

17.27%

-694.13%+711.4pp

-15.16%+32.4pp

27571.02%-27553.8pp

Employer contribution / active EE

$170

$430-60.6%

$1,219-86.1%

$2,032-91.6%

Participant deferral / active EE

$909

$897+1.4%

$1,804-49.6%

$3,224-71.8%

Admin fee / account holder

$96

$104-8.1%

$2,320-95.9%

$110-13.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$30,766

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$13,497

FUST CHARLES CHAMBERS LLP2 years

Filed as: FUST CHARLES CHAMBERS

Service code 10 · EIN 16-1226221

Accounting

$10,000

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON