Retirement plan

WESTMONT HOSPITALITY GROUP 401(K) PLAN

Name: WESTMONT HOSPITALITY MANAGEMENT, LLC - WESTMONT HOSPITALITY GROUP 401(K) PLAN (2018) Form 5500
Creator: WESTMONT HOSPITALITY MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTMONT HOSPITALITY GROUP 401(K) PLAN, WESTMONT HOSPITALITY MANAGEMENT, LLC

WESTMONT HOSPITALITY MANAGEMENT, LLCEIN 26-1589372Plan #001PY 2018

5847 SAN FELIPE, SUITE 4600 - HOUSTON, TX 77057713-782-9100LinkedIn1001-5000 employeeshospitality

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$23.6M

+0.8% from 2017

Total participants

1,876

+15.2% from 2017

Average account balance

$28,443

-22.2% from 2017

Annual return

-2.21%

-20.73 pp from 2017

Benchmarks

See 282 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort282 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.84M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

1,130

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.

23.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.08M

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

+12.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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 5 by compensation

Provider	Service type	Compensation
BKD, LLP1 year Filed as: LAPORTE, APAC Service code 10 · EIN 72-1088864	Accounting	$27,900
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$20,721
NORTHWESTERN MUTUAL INVESTMENT SERV3+ years Service code 49 · EIN 52-2114207	Other Services	$7,468
ALLIANCE BENEFIT GROUP3+ years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 49 · EIN 76-0500416	Other Services	$1,244
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$49K

$29 / participant

Contract admin$21K42.6%
Other / not subdivided$28K57.4%

% of EOY assets

0.206%

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: LAPORTE, APAC
Auditor EIN: 721088864
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,443

$23,119+23.0%

$71,086-60.0%

$75,289-62.2%

Participation rate

37.1%

36.3%+0.8pp

54.7%-17.5pp

72.4%-35.3pp

Annual return

-2.21%

-3.32%+1.1pp

650.59%-652.8pp

-0.04%-2.2pp

Employer contribution / active EE

$599

$399+50.0%

$1,088-45.0%

$2,405-75.1%

Participant deferral / active EE

$1,175

$960+22.3%

$1,874-37.3%

$3,739-68.6%

Admin fee / account holder

$59

$89-34.4%

$3,082-98.1%

$102-42.7%

Provider

Service type

Compensation

BKD, LLP1 year

Filed as: LAPORTE, APAC

Service code 10 · EIN 72-1088864

Accounting

$27,900

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$20,721

NORTHWESTERN MUTUAL INVESTMENT SERV3+ years

Service code 49 · EIN 52-2114207

Other Services

$7,468

ALLIANCE BENEFIT GROUP3+ years

Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON

Service code 49 · EIN 76-0500416

Other Services

$1,244

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

WESTMONT HOSPITALITY GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTMONT 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