Retirement plan

MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL 401(K) PLAN

Name: MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL - MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL 401(K) PLAN (2016) Form 5500
Creator: MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL 401(K) PLAN, MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL

MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTELEIN 46-0613544Plan #001PY 2016

380 MADISON AVENUE, SUITE 2401 - NEW YORK, NY 10017212-922-1220LinkedIn201-500 employeeshospitality

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$6M

+8.8% from 2015

Total participants

316

-1.9% from 2015

Average account balance

$37,494

+4.0% from 2015

Annual return

6.96%

+6.72 pp from 2015

Benchmarks

See 685 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort685 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.19M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

131

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.

27.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$438K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$535

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,265
ROBIN S. WEINGAST & ASSOCIATES, INC2+ years Filed as: ROBIN S. WEINGAST Service code 13 · EIN 11-2859146 100 QUENTIN ROOSEVELT BLVD STE #507 · GARDEN CITY, NY 11530	Contract Administrator	$0
STEPHEN L. GROSSMAN2+ years Service code 53 · EIN 64-6473410 250 WEST 34TH STREET · NEW YORK, NY 10119	Insurance Commissions	$0

Plan features & details

Pension benefit codes2F2G2J2K3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$12 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.051%

all-in expense ratio

Categories reported

0 / 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: CARON & BLETZER
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,494

$23,385+60.3%

$69,182-45.8%

$57,658-35.0%

Participation rate

39.5%

37.9%+1.5pp

55.1%-15.7pp

70.2%-30.8pp

Annual return

6.96%

-659.34%+666.3pp

-21.93%+28.9pp

5.13%+1.8pp

Employer contribution / active EE

$422-100.0%

$1,206-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,683

$843+99.6%

$1,897-11.3%

$3,061-45.0%

Admin fee / account holder

$19

$82-76.7%

$2,697-99.3%

$95-79.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,265

ROBIN S. WEINGAST & ASSOCIATES, INC2+ years

Filed as: ROBIN S. WEINGAST

Service code 13 · EIN 11-2859146

100 QUENTIN ROOSEVELT BLVD STE #507 · GARDEN CITY, NY 11530

Contract Administrator

STEPHEN L. GROSSMAN2+ years

Service code 53 · EIN 64-6473410

250 WEST 34TH STREET · NEW YORK, NY 10119

Insurance Commissions

MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY HOTEL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MM HOTEL MANAGEMENT, LLC DBA GARDEN CITY 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