Retirement plan

THE WATERGATE HOTEL 401(K) PLAN

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

THE WATERGATE HOTELEIN 27-2399775Plan #001PY 2022

2650 VIRGINIA AVENUE, N.W. - WASHINGTON, DC 20037212-842-0075thewatergatehotel.comLinkedIn201-500 employeeshospitality

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$935K

-9.2% from 2021

Total participants

154

+36.3% from 2021

Average account balance

$19,900

-11.2% from 2021

Annual return

-12.31%

-23.65 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.62M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

35.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$291K

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

+15.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3469

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 5 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC4 years Filed as: ALLIANT RETIREMENT SERVICES Service code 26 · EIN 33-0785439	Advisory (Participants)	$1,735
IHT WEALTH MANAGEMENT LLC3 years Filed as: IHT WEALTH MANAGEMENT, LLC Service code 26 · EIN 46-5509437	Advisory (Participants)	$1,735
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 13-3646501	Recordkeeping	$393
HCFL2 years Service code 10 1954 GREENSPRING DRIVE · TIMONIUM, MD 21093	Accounting	$0
PRIVATE ADVISOR GROUP LLC6 years Filed as: PRIVATE ADVISOR GROUP, LLC Service code 26 · EIN 27-3463733	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2F2G2J2K3D3H

Plan features

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.
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

2 tripped

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

$9K

$76 / participant

Investment mgmt$3K37.6%
Contract admin$5K52.8%
Other / not subdivided$8859.6%

% of EOY assets

0.987%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HANDWERGER,CARDEGNA,FUNKHOUSER LURM
Auditor EIN: 521399339
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,900

$26,549-25.0%

$61,399-67.6%

$66,930-70.3%

Participation rate

11.6%

38.1%-26.5pp

52.6%-41.0pp

69.8%-58.2pp

Annual return

-12.31%

-16.21%+3.9pp

338.81%-351.1pp

1.57%-13.9pp

Employer contribution / active EE

$247

$651-62.0%

$1,159-78.7%

$2,545-90.3%

Participant deferral / active EE

$964

$1,338-27.9%

$2,124-54.6%

$4,238-77.2%

Admin fee / account holder

$196

$409-51.9%

$2,131-90.8%

$593-66.9%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC4 years

Filed as: ALLIANT RETIREMENT SERVICES

Service code 26 · EIN 33-0785439

Advisory (Participants)

$1,735

IHT WEALTH MANAGEMENT LLC3 years

Filed as: IHT WEALTH MANAGEMENT, LLC

Service code 26 · EIN 46-5509437

Advisory (Participants)

$1,735

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 13-3646501

Recordkeeping

$393

HCFL2 years

Service code 10

1954 GREENSPRING DRIVE · TIMONIUM, MD 21093

Accounting

PRIVATE ADVISOR GROUP LLC6 years

Filed as: PRIVATE ADVISOR GROUP, LLC

Service code 26 · EIN 27-3463733

Advisory (Participants)

THE WATERGATE HOTEL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WATERGATE HOTEL 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