Retirement plan

URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC 401(K) PROFIT SHARING PLAN

Name: URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC - URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC 401(K) PROFIT SHARING PLAN, URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC

URBANA VARRO HOSPITALITY MANAGEMENT CO., LLCEIN 37-1733869Plan #001PY 2017

3350 RIVERWOOD PARKWAY, STE 2140 - ATLANTA, GA 30339404-249-8310LinkedIn201-500 employeeshospitality

Prospect flagsLow participationLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$747K

+53.1% from 2016

Total participants

184

-5.2% from 2016

Average account balance

$10,526

+12.1% from 2016

Annual return

18.38%

-42.23 pp from 2016

Benchmarks

See 841 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort841 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.63M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

111

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.

116.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$295K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2189

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,078
SEAY & WEISSINGER, LLC1 year Filed as: SUTE SEAY, LLC Service code 10 358 ROSWELL ST · MARIETTA, GA 30060	Accounting	$7,350
NORTHWESTERN MUTUAL INVESTMENT SERV3+ years Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS Service code 55 720 E WISCONSIN AVE · MILWAUKEE, WI 53202	Other Commissions	$5,805
QUALIFIED PLANS, LLC3+ years Service code 13 · EIN 58-2605083 PO BOX 1768 · SAVANNAH, GA 31402	Contract Administrator	$1,571

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$93 / participant

Contract admin$9K55.5%
Other / not subdivided$7K44.5%

% of EOY assets

2.212%

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: SEAY & WEISSINGER, LLC
Auditor EIN: 611663588
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,526

$31,388-66.5%

$73,550-85.7%

$62,293-83.1%

Participation rate

36.2%

39.9%-3.7pp

54.9%-18.8pp

69.5%-33.4pp

Annual return

18.38%

25.34%-7.0pp

-15.16%+33.5pp

28.90%-10.5pp

Employer contribution / active EE

$347

$498-30.4%

$1,219-71.6%

$2,042-83.0%

Participant deferral / active EE

$942

$1,028-8.4%

$1,804-47.8%

$3,169-70.3%

Admin fee / account holder

$233

$299-22.2%

$2,320-90.0%

$479-51.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,078

SEAY & WEISSINGER, LLC1 year

Filed as: SUTE SEAY, LLC

Service code 10

358 ROSWELL ST · MARIETTA, GA 30060

Accounting

$7,350

NORTHWESTERN MUTUAL INVESTMENT SERV3+ years

Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS

Service code 55

720 E WISCONSIN AVE · MILWAUKEE, WI 53202

Other Commissions

$5,805

QUALIFIED PLANS, LLC3+ years

Service code 13 · EIN 58-2605083

PO BOX 1768 · SAVANNAH, GA 31402

Contract Administrator

$1,571

URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC 401(K) PROFIT SHARING 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