Retirement plan

RIKIS FAIRPORT HOTEL 401(K) PROFIT SHARING PLAN AND TRUST

Name: RIKIS FAIRPORT HOTEL - RIKIS FAIRPORT HOTEL 401(K) PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: RIKIS FAIRPORT HOTEL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIKIS FAIRPORT HOTEL 401(K) PROFIT SHARING PLAN AND TRUST, RIKIS FAIRPORT HOTEL

RIKIS FAIRPORT HOTELEIN 16-1309203Plan #001PY 2018

25 N. MAIN STREET - FAIRPORT, NY 14450585-388-0139LinkedIn11-50 employeeshospitality

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$726K

-3.5% from 2017

Total participants

-5.6% from 2017

Average account balance

$60,478

-11.6% from 2017

Annual return

-7.68%

-30.56 pp from 2017

Benchmarks

See 7,242 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort7,242 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.25M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

31.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

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

+16.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1446

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$23K

$1407 / participant

Other / not subdivided$23K100.0%

% of EOY assets

3.102%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,478

$104,106-41.9%

$71,086-14.9%

$135,382-55.3%

Participation rate

68.8%

65.7%+3.1pp

54.7%+14.1pp

82.6%-13.9pp

Annual return

-7.68%

1256.30%-1264.0pp

650.59%-658.3pp

519.77%-527.4pp

Employer contribution / active EE

$525

$1,485-64.6%

$1,088-51.7%

$4,779-89.0%

Participant deferral / active EE

$2,838

$2,527+12.3%

$1,874+51.4%

$5,609-49.4%

Admin fee / account holder

$1,876

$4,142-54.7%

$3,082-39.1%

$10,829-82.7%

RIKIS FAIRPORT HOTEL 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIKIS FAIRPORT HOTEL 401(K) PROFIT SHARING PLAN AND TRUST

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