Retirement plan

HOSPITALITY INDUSTRY 401K PLAN

Name: BOARD OF TRUSTEES HOSPITALITY INDUSTRY 401K PLAN - HOSPITALITY INDUSTRY 401K PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES HOSPITALITY INDUSTRY 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITALITY INDUSTRY 401K PLAN, BOARD OF TRUSTEES HOSPITALITY INDUSTRY 401K PLAN

BOARD OF TRUSTEES HOSPITALITY INDUSTRY 401K PLANEIN 52-2231158Plan #001PY 2017

911 RIDGEBROOK ROAD - SPARKS, MD 211520000410-683-6500

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$36.1M

+21.1% from 2016

Total participants

5,969

-3.4% from 2016

Average account balance

-100.0% from 2016

Annual return

14.60%

+8.53 pp from 2016

Benchmarks

See 45 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort45 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.10M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

5,901

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$916

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

+12.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$228,336
BREDHOFF & KAISER3+ years Service code 29 · EIN 52-0969534	Legal	$31,096
SEYFARTH SHAW LLP3+ years Filed as: SEYFARTH SHAW Service code 29 · EIN 36-2152202	Legal	$18,915
ASSOCIATED ADMINISTRATORS, LLC3+ years Filed as: ASSOCIATED ADMINISTRATORS INC Service code 13 · EIN 52-0940029	Contract Administrator	$12,000
NOVAK FRANCELLA LLC3+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$7,750
MEKETA INVESTMENT GROUP3+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 27 · EIN 04-2659023	Advisory (Plan)	$5,000

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$321K

$55 / participant

Contract admin$240K74.8%
Other / not subdivided$81K25.2%

% of EOY assets

0.890%

all-in expense ratio

Categories reported

1 / 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: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,687-100.0%

$73,550-100.0%

$177,276-100.0%

Participation rate

0.0%

34.9%-34.9pp

54.9%-54.9pp

74.8%-74.8pp

Annual return

14.60%

16.77%-2.2pp

-15.16%+29.8pp

21.25%-6.7pp

Employer contribution / active EE

$291-100.0%

$1,219-100.0%

$2,479-100.0%

Participant deferral / active EE

$638

$778-18.0%

$1,804-64.6%

$3,881-83.6%

Admin fee / account holder

$59-100.0%

$2,320-100.0%

$154-100.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$228,336

BREDHOFF & KAISER3+ years

Service code 29 · EIN 52-0969534

Legal

$31,096

SEYFARTH SHAW LLP3+ years

Filed as: SEYFARTH SHAW

Service code 29 · EIN 36-2152202

Legal

$18,915

ASSOCIATED ADMINISTRATORS, LLC3+ years

Filed as: ASSOCIATED ADMINISTRATORS INC

Service code 13 · EIN 52-0940029

Contract Administrator

$12,000

NOVAK FRANCELLA LLC3+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$7,750

MEKETA INVESTMENT GROUP3+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 27 · EIN 04-2659023

Advisory (Plan)

$5,000

HOSPITALITY INDUSTRY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITALITY INDUSTRY 401K 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