Retirement plan

AMWAY HOTEL CORPORATION 401(K) RETIREMENT AND SAVINGS PLAN

Name: AMWAY HOTEL CORPORATION - AMWAY HOTEL CORPORATION 401(K) RETIREMENT AND SAVINGS PLAN (2023) Form 5500
Creator: AMWAY HOTEL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMWAY HOTEL CORPORATION 401(K) RETIREMENT AND SAVINGS PLAN, AMWAY HOTEL CORPORATION

AMWAY HOTEL CORPORATIONEIN 38-2239010Plan #003PY 2023

187 MONROE AVE., NW - GRAND RAPIDS, MI 495032621LinkedIn1001-5000 employeeshospitality

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44.9M

+22.7% from 2022

Total participants

1,789

+1.6% from 2022

Average account balance

$29,178

+16.9% from 2022

Annual return

17.51%

+33.79 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.01M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

1,546

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INV INST OPERATIONS Service code 15 · EIN 04-2647786	Recordkeeping	$10,244

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$10K

$8 / participant

Recordkeeping$9K85.4%
Contract admin$2K14.6%

% of EOY assets

0.023%

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: HUNGERFORD
Auditor EIN: 382184825
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,178

$30,147-3.2%

$58,507-50.1%

$80,169-63.6%

Participation rate

81.5%

34.4%+47.1pp

50.9%+30.7pp

72.9%+8.6pp

Annual return

17.51%

21.97%-4.5pp

4252.32%-4234.8pp

40.39%-22.9pp

Employer contribution / active EE

$1,427

$528+170.4%

$1,053+35.4%

$2,978-52.1%

Participant deferral / active EE

$1,831

$1,249+46.6%

$1,922-4.8%

$5,016-63.5%

Admin fee / account holder

$195-96.6%

$2,486-99.7%

$145-95.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INV INST OPERATIONS

Service code 15 · EIN 04-2647786

Recordkeeping

$10,244

AMWAY HOTEL CORPORATION 401(K) RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMWAY HOTEL CORPORATION 401(K) RETIREMENT AND SAVINGS 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