Retirement plan

URBANA VARRO HOSPITALITY MANAGEMENT 401(K) PROFIT SHARING PLAN

Name: URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC - URBANA VARRO HOSPITALITY MANAGEMENT 401(K) PROFIT SHARING PLAN (2019) 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 401(K) PROFIT SHARING PLAN, URBANA VARRO HOSPITALITY MANAGEMENT CO., LLC

URBANA VARRO HOSPITALITY MANAGEMENT CO., LLCEIN 37-1733869Plan #001PY 2019

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.2M

+33.8% from 2018

Total participants

131

+3.1% from 2018

Average account balance

$16,025

+30.3% from 2018

Annual return

20.98%

+20.56 pp from 2018

Benchmarks

See 899 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort899 peers

Snapshot2019

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,485
NW MUTUAL INV SVCS2 years Service code 55	Other Commissions	$9,001
SEAY & WEISSINGER, LLC2 years Filed as: SEAY & WEISSINGER LLC Service code 10 358 ROSWELL ST · MARIETTA, GA 30060	Accounting	$8,450
QUALIFIED PLANS, LLC2 years Filed as: QUALIFIED PLANS LLC Service code 13 PO BOX 979 · SAVANNAH, GA 31402	Contract Administrator	$1,337
ASCENSUS LLC1 year Service code 13 200 DRYDEN RD · DRESHER, PA 19025	Contract Administrator	$968
NORTHWESTERN MUTUAL INVESTMENT SERV5+ years Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS Service code 55 720 E WISCONSIN AVE · MILWAUKEE, WI 53202	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$24K

$222 / participant

Contract admin$24K100.0%

% of EOY assets

1.938%

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

$16,025

$31,679-49.4%

$74,722-78.6%

$65,185-75.4%

Participation rate

51.4%

40.4%+11.0pp

54.5%-3.1pp

70.2%-18.8pp

Annual return

20.98%

39.04%-18.1pp

753.11%-732.1pp

29.38%-8.4pp

Employer contribution / active EE

$644

$566+13.8%

$1,084-40.6%

$2,177-70.4%

Participant deferral / active EE

$1,890

$1,191+58.7%

$1,963-3.7%

$3,514-46.2%

Admin fee / account holder

$311

$379-18.0%

$3,335-90.7%

$847-63.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,485

NW MUTUAL INV SVCS2 years

Service code 55

Other Commissions

$9,001

SEAY & WEISSINGER, LLC2 years

Filed as: SEAY & WEISSINGER LLC

Service code 10

358 ROSWELL ST · MARIETTA, GA 30060

Accounting

$8,450

QUALIFIED PLANS, LLC2 years

Filed as: QUALIFIED PLANS LLC

Service code 13

PO BOX 979 · SAVANNAH, GA 31402

Contract Administrator

$1,337

ASCENSUS LLC1 year

Service code 13

200 DRYDEN RD · DRESHER, PA 19025

Contract Administrator

$968

NORTHWESTERN MUTUAL INVESTMENT SERV5+ years

Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS

Service code 55

720 E WISCONSIN AVE · MILWAUKEE, WI 53202

Other Commissions

URBANA VARRO HOSPITALITY MANAGEMENT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

URBANA VARRO HOSPITALITY MANAGEMENT 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