Retirement plan

CHERRY HILL HOTEL MANAGEMENT LLC 401(K) PLAN

Name: CHERRY HILL HOTEL MANAGEMENT LLC - CHERRY HILL HOTEL MANAGEMENT LLC 401(K) PLAN (2022) Form 5500
Creator: CHERRY HILL HOTEL MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHERRY HILL HOTEL MANAGEMENT LLC 401(K) PLAN, CHERRY HILL HOTEL MANAGEMENT LLC

CHERRY HILL HOTEL MANAGEMENT LLCEIN 20-4632491Plan #001PY 2022

2349 W MARLTON PK - CHERRY HILL, NJ 08002856-382-6193LinkedIn51-200 employeesrestaurants

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$990K

-11.5% from 2021

Total participants

152

+6.3% from 2021

Average account balance

$8,539

-9.2% from 2021

Annual return

-14.89%

-30.14 pp from 2021

Benchmarks

See 4,973 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort4,973 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.27M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$995

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

+11.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1854

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Service code 15 · EIN 13-5674085	Recordkeeping	$5,029
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$250
ADP BROKER-DEALER6+ years Service code 49 · EIN 22-3319984	Other Services	$0

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$43 / participant

Investment mgmt$4K93.4%
Other / not subdivided$2506.6%

% of EOY assets

0.383%

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: BARATZ & ASSOCIATES P.A.
Auditor EIN: 222212404
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,539

$27,632-69.1%

$61,452-86.1%

$68,486-87.5%

Participation rate

59.1%

39.5%+19.6pp

52.6%+6.5pp

67.9%-8.8pp

Annual return

-14.89%

-13.24%-1.7pp

338.96%-353.8pp

-7.85%-7.0pp

Employer contribution / active EE

$696-100.0%

$1,160-100.0%

$2,597-100.0%

Participant deferral / active EE

$748

$1,264-40.8%

$2,125-64.8%

$4,028-81.4%

Admin fee / account holder

$33

$2,010-98.4%

$2,131-98.5%

$5,404-99.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Service code 15 · EIN 13-5674085

Recordkeeping

$5,029

ADP BROKER-DEALER3 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$250

ADP BROKER-DEALER6+ years

Service code 49 · EIN 22-3319984

Other Services

CHERRY HILL HOTEL MANAGEMENT LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHERRY HILL HOTEL MANAGEMENT LLC 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