Retirement plan

NOHO HOSPITALITY 401(K) PLAN

Name: NOHO HOSPITALITY, LLC - NOHO HOSPITALITY 401(K) PLAN (2024) Form 5500
Creator: NOHO HOSPITALITY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NOHO HOSPITALITY 401(K) PLAN, NOHO HOSPITALITY, LLC

NOHO HOSPITALITY, LLCEIN 46-1151619Plan #001PY 2024

380 LAFAYETTE STREET, STE 202-205 - NEW YORK, NY 10003646-442-7860nhgnyc.comLinkedIn1001-5000 employeeshospitality

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.9M

+18.0% from 2023

Total participants

776

+14.0% from 2023

Average account balance

$10,982

+18.9% from 2023

Annual return

12.06%

-7.23 pp from 2023

Benchmarks

See 937 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort937 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.90M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

264

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.

12.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$495

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS9+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$18,374
ADMIN. GROUP, LLC DBA TAG RESOURCES3 years Service code 15 · EIN 42-1484983	Recordkeeping	$14,608
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES, LLC Service code 22 · EIN 04-3109325	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2J2F2G3D3H2T

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.
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

$33K

$56 / participant

Recordkeeping$18K55.7%
Contract admin$15K44.3%

% of EOY assets

1.138%

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: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,982

$29,525-62.8%

$56,033-80.4%

$77,736-85.9%

Participation rate

12.6%

32.7%-20.0pp

52.5%-39.9pp

70.6%-58.0pp

Annual return

12.06%

18.90%-6.8pp

1711.38%-1699.3pp

31.26%-19.2pp

Employer contribution / active EE

$569-100.0%

$1,041-100.0%

$2,728-100.0%

Participant deferral / active EE

$495

$1,062-53.4%

$1,954-74.7%

$4,651-89.4%

Admin fee / account holder

$125

$1,040-88.0%

$2,827-95.6%

$433-71.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS9+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$18,374

ADMIN. GROUP, LLC DBA TAG RESOURCES3 years

Service code 15 · EIN 42-1484983

Recordkeeping

$14,608

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES, LLC

Service code 22 · EIN 04-3109325

Insurance Broker

NOHO HOSPITALITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NOHO HOSPITALITY 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