Retirement plan

NOHO HOSPITALITY 401(K) PLAN

Name: NOHO HOSPITALITY, LLC - NOHO HOSPITALITY 401(K) PLAN (2022) 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 2022

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)

$2M

-23.7% from 2021

Total participants

665

+11.4% from 2021

Average account balance

$6,983

-19.3% from 2021

Annual return

-17.87%

-30.05 pp from 2021

Benchmarks

See 789 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort789 peers

Snapshot2022

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 2 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$15,530
ADMIN. GROUP, LLC DBA TAG RESOURCES1 year Service code 15 · EIN 62-1874769	Recordkeeping	$15,385

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

$31K

$68 / participant

Contract admin$31K100.0%

% of EOY assets

1.516%

all-in expense ratio

Categories reported

1 / 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

$6,983

$30,086-76.8%

$61,399-88.6%

$64,814-89.2%

Participation rate

17.8%

36.4%-18.5pp

52.6%-34.7pp

71.5%-53.6pp

Annual return

-17.87%

-13.99%-3.9pp

338.81%-356.7pp

32.84%-50.7pp

Employer contribution / active EE

$536-100.0%

$1,159-100.0%

$2,507-100.0%

Participant deferral / active EE

$517

$1,126-54.0%

$2,124-75.6%

$4,310-88.0%

Admin fee / account holder

$106

$148-28.5%

$2,131-95.0%

$188-43.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$15,530

ADMIN. GROUP, LLC DBA TAG RESOURCES1 year

Service code 15 · EIN 62-1874769

Recordkeeping

$15,385

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