Retirement plan

THOMPSON HOSPITALITY 401(K) PROFIT SHARING PLAN

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

THOMPSON HOSPITALITY CORPORATIONEIN 54-1861877Plan #001PY 2024

1741 BUSINESS CENTER DRIVE, SUITE 200 - RESTON, VA 20190703-757-5500thompsonhospitality.comLinkedIn1001-5000 employeeshospitality

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$14.6M

+4.7% from 2023

Total participants

2,450

+3.1% from 2023

Average account balance

$38,863

-5.9% from 2023

Annual return

15.34%

-1.30 pp from 2023

Benchmarks

See 287 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort287 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.57M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

375

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.

7.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$726

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$366

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
PRINCIPAL LIFE INSURANCE COMPANY8 years Service code 13 · EIN 42-0127290	Contract Administrator	$122,602
RETIREMENT PLANNERS & ADMINISTRATOR7 years Service code 13 · EIN 62-1038805	Contract Administrator	$80,752
PRIVATE ADVISOR GROUP LLC5 years Service code 27 · EIN 27-3463733	Advisory (Plan)	$33,510
UHY LLP2 years Filed as: UHY Service code 16	Consulting	$7,000
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
UHY LLP2 years Service code 10 · EIN 20-0694403	Accounting	$0
WILSHIRE ASSOCIATES INCORPORATED7 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED4 years Filed as: WILTSHIRE ASSOCIATES INCORPORATED Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$137K

$61 / participant

Recordkeeping$123K89.3%
Contract admin$15K10.7%

% of EOY assets

0.942%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,863

$55,694-30.2%

$81,844-52.5%

$199,960-80.6%

Participation rate

7.5%

62.7%-55.1pp

72.4%-64.9pp

72.0%-64.5pp

Annual return

15.34%

19.59%-4.2pp

778.87%-763.5pp

34.28%-18.9pp

Employer contribution / active EE

$271

$2,114-87.2%

$2,916-90.7%

$3,036-91.1%

Participant deferral / active EE

$455

$3,299-86.2%

$4,323-89.5%

$5,087-91.1%

Admin fee / account holder

$366

$348+5.1%

$7,355-95.0%

$269+35.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8 years

Service code 13 · EIN 42-0127290

Contract Administrator

$122,602

RETIREMENT PLANNERS & ADMINISTRATOR7 years

Service code 13 · EIN 62-1038805

Contract Administrator

$80,752

PRIVATE ADVISOR GROUP LLC5 years

Service code 27 · EIN 27-3463733

Advisory (Plan)

$33,510

UHY LLP2 years

Filed as: UHY

Service code 16

Consulting

$7,000

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

UHY LLP2 years

Service code 10 · EIN 20-0694403

Accounting

WILSHIRE ASSOCIATES INCORPORATED7 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED4 years

Filed as: WILTSHIRE ASSOCIATES INCORPORATED

Service code 27

Advisory (Plan)

THOMPSON HOSPITALITY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOMPSON HOSPITALITY 401(K) PROFIT SHARING 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