Retirement plan

STEPSTONE HOSPITALITY INC. 401(K) PROFIT SHARING PLAN AND TRUST

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

STEPSTONE HOSPITALITY INC.EIN 20-5320681Plan #001PY 2018

333 WESTMINSTER ST 4 - PROVIDENCE, RI 02903401-443-2305stepstonehospitality.comLinkedIn1001-5000 employeeshospitality

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.7M

+82.3% from 2017

Total participants

481

+46.2% from 2017

Average account balance

$4,139

-17.3% from 2017

Annual return

-13.12%

-29.48 pp from 2017

Benchmarks

See 746 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort746 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.91M

Not enough data

1 years with asset history on file

Average account balance

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

$4K

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.

1,347

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+28.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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
KAHN, LITWIN, RENZA & CO., LTD1 year Filed as: KAHN, LITWIN, RENZA & CO, LTD Service code 10 951 NORTH MAIN STREET · PROVIDENCE, RI 02904	Accounting	$15,500
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,795
ECKERT SEAMANS CHERIN & MELLOTT LLC1 year Service code 29 600 GRANT ST · PITTSBURGH, PA 15219	Legal	$11,459
CETERA ADVISOR NETWORKS LLC3 years Service code 55 200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 902455670	Other Commissions	$6,078

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$106 / participant

Contract admin$13K32.2%
Other / not subdivided$27K67.8%

% of EOY assets

2.407%

all-in expense ratio

Categories reported

1 / 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: KAHN, LITWIN, RENZA & CO, LTD.
Auditor EIN: 050409384
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,139

$23,224-82.2%

$71,086-94.2%

$55,725-92.6%

Participation rate

78.2%

37.9%+40.3pp

54.7%+23.5pp

70.9%+7.3pp

Annual return

-13.12%

-2.87%-10.3pp

650.59%-663.7pp

244.93%-258.1pp

Employer contribution / active EE

$822

$436+88.4%

$1,088-24.4%

$2,078-60.4%

Participant deferral / active EE

$2,146

$929+131.0%

$1,874+14.5%

$3,356-36.0%

Admin fee / account holder

$100

$118-15.5%

$3,082-96.8%

$115-13.5%

Provider

Service type

Compensation

KAHN, LITWIN, RENZA & CO., LTD1 year

Filed as: KAHN, LITWIN, RENZA & CO, LTD

Service code 10

951 NORTH MAIN STREET · PROVIDENCE, RI 02904

Accounting

$15,500

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,795

ECKERT SEAMANS CHERIN & MELLOTT LLC1 year

Service code 29

600 GRANT ST · PITTSBURGH, PA 15219

Legal

$11,459

CETERA ADVISOR NETWORKS LLC3 years

Service code 55

200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 902455670

Other Commissions

$6,078

STEPSTONE HOSPITALITY INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEPSTONE HOSPITALITY INC. 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