Retirement plan

NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK CITY, INC. 401K SAVINGS PLAN

Name: THE BOARD OF TRUSTEES NEW YORK HOTEL TRADES COUNCIL - NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK CITY, INC. 401K SAVINGS PLAN (2016) Form 5500
Creator: THE BOARD OF TRUSTEES NEW YORK HOTEL TRADES COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK CITY, INC. 401K SAVINGS PLAN, THE BOARD OF TRUSTEES NEW YORK HOTEL TRADES COUNCIL

THE BOARD OF TRUSTEES NEW YORK HOTEL TRADES COUNCILdba HOTEL ASSOCIATION OF NYC, INC.EIN 13-4178178Plan #001PY 2016

305 WEST 44TH STREET - NEW YORK, NY 100365402212-586-6400

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$436.4M

-13.7% from 2016

Total participants

26,869

+2.9% from 2016

Average account balance

$37,468

-9.3% from 2016

Annual return

7.50%

-8.22 pp from 2016

Benchmarks

See 40 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort40 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$813.09M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

12,809

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.

46.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
NYHTC - HEALTH CENTER, INC.2+ years Filed as: NYHTC-HEALTH CENTER, INC. Service code 15 · EIN 13-1595091	Recordkeeping	$156,790
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$103,581
NYHTC - HEALTH BENEFITS FUND2+ years Filed as: NYHTC-HEALTH BENEFITS FUND Service code 15 · EIN 13-6126923	Recordkeeping	$38,145
PITTA LLP2+ years Filed as: PITTA & GIBLIN LLP Service code 29 · EIN 26-3852082	Legal	$14,619
ARMAO LLP2+ years Service code 10 · EIN 46-2754053	Accounting	$11,835

Plan features & details

Pension benefit codes2E2F2G2J2K2T3C

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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

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

$464K

$18 / participant

Contract admin$104K22.3%
Other / not subdivided$361K77.7%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARMAO LLP
Auditor EIN: 462754053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,468

$35,463+5.7%

$69,182-45.8%

$329,111-88.6%

Participation rate

42.5%

34.6%+7.9pp

55.1%-12.6pp

67.9%-25.4pp

Annual return

7.50%

7.72%-0.2pp

-21.93%+29.4pp

16.35%-8.9pp

Employer contribution / active EE

$449-100.0%

$1,206-100.0%

$2,303-100.0%

Participant deferral / active EE

$2,055

$1,018+101.9%

$1,897+8.3%

$3,682-44.2%

Admin fee / account holder

$40

$64-38.1%

$2,697-98.5%

$754-94.7%

Provider

Service type

Compensation

NYHTC - HEALTH CENTER, INC.2+ years

Filed as: NYHTC-HEALTH CENTER, INC.

Service code 15 · EIN 13-1595091

Recordkeeping

$156,790

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$103,581

NYHTC - HEALTH BENEFITS FUND2+ years

Filed as: NYHTC-HEALTH BENEFITS FUND

Service code 15 · EIN 13-6126923

Recordkeeping

$38,145

PITTA LLP2+ years

Filed as: PITTA & GIBLIN LLP

Service code 29 · EIN 26-3852082

Legal

$14,619

ARMAO LLP2+ years

Service code 10 · EIN 46-2754053

Accounting

$11,835

NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK CITY, INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK CITY, INC. 401K SAVINGS 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