Retirement plan

HOSPITALITY INDUSTRY 401K PLAN

Name: BOARD OF TRUSTEES HOSPITALITY INDUSTRY 401K PLAN - HOSPITALITY INDUSTRY 401K PLAN (2019) 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 2019

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

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$46M

+25.9% from 2018

Total participants

5,562

-4.2% from 2018

Average account balance

$8,277

No prior year

Annual return

20.16%

+24.57 pp from 2018

Benchmarks

See 46 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort46 peers

Snapshot2019

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 8 by compensation

Provider	Service type	Compensation
ASSOCIATED ADMINISTRATORS, LLC2 years Filed as: ASSOCIATED ADMINISTRATORS LLC Service code 13 · EIN 65-1205077	Contract Administrator	$146,328
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL RET. INSURANCE & ANN. CO Service code 13 · EIN 06-1050034	Contract Administrator	$110,083
BREDHOFF & KAISER5+ years Service code 29 · EIN 52-0969534	Legal	$49,344
SEYFARTH SHAW LLP5+ years Filed as: SEYFARTH SHAW Service code 29 · EIN 36-2152202	Legal	$19,524
DOYLE PRINTING2 years Service code 36 5206 46TH AVE. · RIVERDALE, MD 20737	Direct payment from the plan; Copying...	$14,153
NOVAK FRANCELLA LLC5+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$11,050
SCHMITZ PRESS1 year Service code 36 37 LOVETON CIRCLE · SPARKS, MD 21152	Copying and duplicating; Direct payme...	$10,641
MEKETA INVESTMENT GROUP5+ 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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$298K

$55 / participant

Contract admin$170K57.0%
Other / not subdivided$128K43.0%

% of EOY assets

0.648%

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

$8,277

$27,322-69.7%

$74,722-88.9%

$82,204-89.9%

Participation rate

100.0%

31.7%+68.3pp

54.5%+45.5pp

73.4%+26.6pp

Annual return

20.16%

28.26%-8.1pp

753.11%-733.0pp

26.31%-6.1pp

Employer contribution / active EE

$324-100.0%

$1,084-100.0%

$2,707-100.0%

Participant deferral / active EE

$804

$909-11.5%

$1,963-59.0%

$4,246-81.1%

Admin fee / account holder

$54

$86-37.7%

$3,335-98.4%

$76-29.0%

Provider

Service type

Compensation

ASSOCIATED ADMINISTRATORS, LLC2 years

Filed as: ASSOCIATED ADMINISTRATORS LLC

Service code 13 · EIN 65-1205077

Contract Administrator

$146,328

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL RET. INSURANCE & ANN. CO

Service code 13 · EIN 06-1050034

Contract Administrator

$110,083

BREDHOFF & KAISER5+ years

Service code 29 · EIN 52-0969534

Legal

$49,344

SEYFARTH SHAW LLP5+ years

Filed as: SEYFARTH SHAW

Service code 29 · EIN 36-2152202

Legal

$19,524

DOYLE PRINTING2 years

Service code 36

5206 46TH AVE. · RIVERDALE, MD 20737

Direct payment from the plan; Copying...

$14,153

NOVAK FRANCELLA LLC5+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$11,050

SCHMITZ PRESS1 year

Service code 36

37 LOVETON CIRCLE · SPARKS, MD 21152

Copying and duplicating; Direct payme...

$10,641

MEKETA INVESTMENT GROUP5+ 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