Retirement plan

MAKE IT NICE HOSPITALITY, LLC 401(K) PLAN

Name: MILESTONES HOSPITALITY, LLC - MAKE IT NICE HOSPITALITY, LLC 401(K) PLAN (2023) Form 5500
Creator: MILESTONES HOSPITALITY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAKE IT NICE HOSPITALITY, LLC 401(K) PLAN, MILESTONES HOSPITALITY, LLC

MILESTONES HOSPITALITY, LLCEIN 45-2916908Plan #001PY 2023

11 MADISON AVENUE, GROUND FLOOR - NEW YORK, NY 10010646-747-6587

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.9M

+18.1% from 2022

Total participants

196

+16.0% from 2022

Average account balance

$22,824

+23.7% from 2022

Annual return

20.00%

+39.24 pp from 2022

Benchmarks

See 6,173 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,173 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.91M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$556

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH PIERCE FENNER & .00 S Service code 27 · EIN 93-1225432 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$12,663
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER TRUST COMPANY LLC Service code 64 · EIN 93-1225432 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,894
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 93-1225432 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$777
NATIONAL BENEFIT SERVICES, LLC4 years Filed as: NATIONAL BENEFIT SERVICES INC Service code 13 · EIN 36-2998347 300 W ADAMS STE 415 · CHICAGO, IL 60606	Contract Administrator	$700

Plan features & details

Pension benefit codes2E2J2F2G3D3H

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.
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

$25K

$299 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.869%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHN REZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,824

$27,924-18.3%

$58,544-61.0%

$75,181-69.6%

Participation rate

14.5%

38.8%-24.4pp

50.9%-36.4pp

67.2%-52.7pp

Annual return

20.00%

44.20%-24.2pp

4249.56%-4229.6pp

160.69%-140.7pp

Employer contribution / active EE

$669-100.0%

$1,053-100.0%

$2,671-100.0%

Participant deferral / active EE

$1,487

$1,202+23.8%

$1,923-22.6%

$4,126-63.9%

Admin fee / account holder

$198

$1,726-88.5%

$2,520-92.1%

$5,650-96.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH PIERCE FENNER & .00 S

Service code 27 · EIN 93-1225432

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$12,663

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER TRUST COMPANY LLC

Service code 64 · EIN 93-1225432

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,894

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 93-1225432

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$777

NATIONAL BENEFIT SERVICES, LLC4 years

Filed as: NATIONAL BENEFIT SERVICES INC

Service code 13 · EIN 36-2998347

300 W ADAMS STE 415 · CHICAGO, IL 60606

Contract Administrator

$700

MAKE IT NICE HOSPITALITY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAKE IT NICE HOSPITALITY, LLC 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