Retirement plan

HIGHGATE HOTELS 401(K) PLAN

Name: HIGHGATE HOTELS, L.P. - HIGHGATE HOTELS 401(K) PLAN (2020) Form 5500
Creator: HIGHGATE HOTELS, L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGHGATE HOTELS 401(K) PLAN, HIGHGATE HOTELS, L.P.

HIGHGATE HOTELS, L.P.EIN 20-8725068Plan #001PY 2020

545 EAST JOHN CARPENTER FREEWAY, SUITE 1400 - IRVING, TX 75062214-393-8606

Other plans on this EIN

1 filing

#003Retirement-$15.4M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$103.2M

+4.6% from 2019

Total participants

3,671

-27.7% from 2019

Average account balance

$55,903

+30.8% from 2019

Annual return

13.73%

-10.81 pp from 2019

Benchmarks

See 247 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort247 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$171.01M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

3,237

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.

23.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.17M

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

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$273,072
IRONVIEW CAPITAL MANAGEMENT1 year Filed as: IRONVIEW CAPITAL MANAGAMENT Service code 27 · EIN 26-4567336	Advisory (Plan)	$45,424
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BANKING Service code 27 · EIN 26-4310632	Advisory (Plan)	$31,111
LANE GORMAN TRUBITT, PLLC1 year Filed as: LANE GORMAN TRUBITT, LLC Service code 10 · EIN 75-1044330	Accounting	$24,900

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

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

$372K

$132 / participant

Other / not subdivided$372K100.0%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LANE GORMAN TRUBITT, LLC
Auditor EIN: 751044330
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,903

$29,516+89.4%

$77,552-27.9%

$90,274-38.1%

Participation rate

35.4%

33.7%+1.8pp

54.2%-18.7pp

73.4%-37.9pp

Annual return

13.73%

231.18%-217.4pp

54.82%-41.1pp

53.97%-40.2pp

Employer contribution / active EE

$409

$381+7.4%

$987-58.6%

$2,523-83.8%

Participant deferral / active EE

$2,292

$944+142.8%

$1,861+23.2%

$4,231-45.8%

Admin fee / account holder

$202

$106+90.4%

$2,859-92.9%

$114+76.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$273,072

IRONVIEW CAPITAL MANAGEMENT1 year

Filed as: IRONVIEW CAPITAL MANAGAMENT

Service code 27 · EIN 26-4567336

Advisory (Plan)

$45,424

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BANKING

Service code 27 · EIN 26-4310632

Advisory (Plan)

$31,111

LANE GORMAN TRUBITT, PLLC1 year

Filed as: LANE GORMAN TRUBITT, LLC

Service code 10 · EIN 75-1044330

Accounting

$24,900

HIGHGATE HOTELS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGHGATE HOTELS 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