Retirement plan

VISION HOSPITALITY GROUP 401(K) PLAN

Name: VISION HOSPITALITY GROUP, INC. - VISION HOSPITALITY GROUP 401(K) PLAN (2024) Form 5500
Creator: VISION HOSPITALITY GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VISION HOSPITALITY GROUP 401(K) PLAN, VISION HOSPITALITY GROUP, INC.

VISION HOSPITALITY GROUP, INC.EIN 14-1912384Plan #001PY 2024

411 BROAD STREET, SUITE 401 - CHATTANOOGA, TN 37402423-892-1010vhghotels.comLinkedIn1001-5000 employeeshospitality

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.3M

+6.8% from 2023

Total participants

977

+60.7% from 2023

Average account balance

$22,122

+14.7% from 2023

Annual return

10.72%

-4.88 pp from 2023

Benchmarks

See 937 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort937 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.32M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

150

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.

13.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$644K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$673

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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 4 by compensation

Provider	Service type	Compensation
RELATION INSURANCE SERVICES7 years Service code 15 · EIN 24-4823657 2300 CONTRA COSTA BLVD. #525 · PLEASANT HILL, CA 94523	Recordkeeping	$32,545
TRANSAMERICA RETIREMENT SOLUTIONS9 years Service code 15 · EIN 13-3689044 1801 CALIFORNIA STREET · DENVER, CO 80202	Recordkeeping	$21,679
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 41-0127290	Contract Administrator	$8,041
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICES IN Service code 27 · EIN 59-1531281	Advisory (Plan)	$6,015

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$40K

$42 / participant

Recordkeeping$40K100.0%

% of EOY assets

1.216%

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: HENDERSON HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,122

$29,525-25.1%

$56,033-60.5%

$77,736-71.5%

Participation rate

13.5%

32.7%-19.2pp

52.5%-39.0pp

70.6%-57.1pp

Annual return

10.72%

18.90%-8.2pp

1711.38%-1700.7pp

31.26%-20.5pp

Employer contribution / active EE

$92

$569-83.8%

$1,041-91.1%

$2,728-96.6%

Participant deferral / active EE

$581

$1,062-45.3%

$1,954-70.3%

$4,651-87.5%

Admin fee / account holder

$269

$1,040-74.1%

$2,827-90.5%

$433-37.9%

Provider

Service type

Compensation

RELATION INSURANCE SERVICES7 years

Service code 15 · EIN 24-4823657

2300 CONTRA COSTA BLVD. #525 · PLEASANT HILL, CA 94523

Recordkeeping

$32,545

TRANSAMERICA RETIREMENT SOLUTIONS9 years

Service code 15 · EIN 13-3689044

1801 CALIFORNIA STREET · DENVER, CO 80202

Recordkeeping

$21,679

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 41-0127290

Contract Administrator

$8,041

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICES IN

Service code 27 · EIN 59-1531281

Advisory (Plan)

$6,015

VISION HOSPITALITY GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VISION HOSPITALITY GROUP 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