Retirement plan

UNITE HERE LOCAL 25 AND HOTEL ASSOCIATION OF WASHINGTON, DC PENSION PLAN

Name: BOARD OF TRUSTEES-HTL. & REST. EMP. LO.25&HTL ASSN - UNITE HERE LOCAL 25 AND HOTEL ASSOCIATION OF WASHINGTON, DC PENSION PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES-HTL. & REST. EMP. LO.25&HTL ASSN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITE HERE LOCAL 25 AND HOTEL ASSOCIATION OF WASHINGTON, DC PENSION PLAN, BOARD OF TRUSTEES-HTL. & REST. EMP. LO.25&HTL ASSN

BOARD OF TRUSTEES-HTL. & REST. EMP. LO.25&HTL ASSNdba OF WASH., DC PENSION PLANEIN 52-6051390Plan #001PY 2023

911 RIDGEBROOK ROAD - SPARKS, MD 211529459410-683-6500

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$322.8M

-12.2% from 2016

Total participants

11,429

-0.5% from 2016

Average account balance

No prior year

Annual return

11.04%

-8.87 pp from 2016

Benchmarks

See 177 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort177 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$357.43M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

5,842

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 13 by compensation

Provider	Service type	Compensation
ASSOCIATED ADMINISTRATORS, LLC9+ years Filed as: ASSOCIATED ADMINISTRATORS LLC Service code 13 · EIN 65-1205077	Contract Administrator	$375,564
MEKETA INVESTMENT GROUP5 years Filed as: MEKETA FIDUCIARY MANAGEMENT, LLC Service code 27 · EIN 47-2126910	Advisory (Plan)	$160,000
CHEIRON9+ years Filed as: CHEIRON INC Service code 11 · EIN 13-4215617	Actuarial	$92,458
PNC BANK, N.A.9+ years Filed as: PNC BANK NA Service code 24 · EIN 22-1146430	Discretionary Trustee	$45,503
NOVAK FRANCELLA LLC9+ years Service code 10 · EIN 61-1436956	Accounting	$41,273
BREDHOFF & KAISER9+ years Filed as: BREDHOFF & KAISER PLLC Service code 29 · EIN 52-0969534	Legal	$33,280
HEDGESERVE2 years Service code 28 4 TIMES SQUARE, 8TH FLOOR · NEW YORK, NY 10036	Investment Management	$23,588
SVB STRATEGIC INVESTORS VIII, LLC5 years Service code 28 · EIN 81-1597627	Investment Management	$17,215
SCHMITZ PRESS5 years Service code 36 37 LOVETON CIRCLE · SPARKS, MD 21152	Direct payment from the plan; Copying...	$14,768
SEYFARTH SHAW LLP9+ years Service code 29 · EIN 36-2152202	Legal	$12,428

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$268 / participant

Recordkeeping$22K1.4%
Trustee / custodial$46K3.0%
Investment mgmt$434K28.2%
Legal$46K3.0%
Actuarial$92K6.0%
Other trustee fees$2K0.2%
Contract admin$376K24.4%
Other / not subdivided$519K33.8%

% of EOY assets

0.476%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $19,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$343,293-100.0%

Participation rate

0.0%

0.0%0pp

Annual return

11.04%

33.11%-22.1pp

16.99%-5.9pp

33.11%-22.1pp

Employer contribution / active EE

$4,986

$9,000-44.6%

$26,485-81.2%

$9,000-44.6%

Participant deferral / active EE

$680-100.0%

$8-100.0%

$680-100.0%

Admin fee / account holder

Provider

Service type

Compensation

ASSOCIATED ADMINISTRATORS, LLC9+ years

Filed as: ASSOCIATED ADMINISTRATORS LLC

Service code 13 · EIN 65-1205077

Contract Administrator

$375,564

MEKETA INVESTMENT GROUP5 years

Filed as: MEKETA FIDUCIARY MANAGEMENT, LLC

Service code 27 · EIN 47-2126910

Advisory (Plan)

$160,000

CHEIRON9+ years

Filed as: CHEIRON INC

Service code 11 · EIN 13-4215617

Actuarial

$92,458

PNC BANK, N.A.9+ years

Filed as: PNC BANK NA

Service code 24 · EIN 22-1146430

Discretionary Trustee

$45,503

NOVAK FRANCELLA LLC9+ years

Service code 10 · EIN 61-1436956

Accounting

$41,273

BREDHOFF & KAISER9+ years

Filed as: BREDHOFF & KAISER PLLC

Service code 29 · EIN 52-0969534

Legal

$33,280

HEDGESERVE2 years

Service code 28

4 TIMES SQUARE, 8TH FLOOR · NEW YORK, NY 10036

Investment Management

$23,588

SVB STRATEGIC INVESTORS VIII, LLC5 years

Service code 28 · EIN 81-1597627

Investment Management

$17,215

SCHMITZ PRESS5 years

Service code 36

37 LOVETON CIRCLE · SPARKS, MD 21152

Direct payment from the plan; Copying...

$14,768

SEYFARTH SHAW LLP9+ years

Service code 29 · EIN 36-2152202

Legal

$12,428

UNITE HERE LOCAL 25 AND HOTEL ASSOCIATION OF WASHINGTON, DC PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITE HERE LOCAL 25 AND HOTEL ASSOCIATION OF WASHINGTON, DC PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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