Retirement plan

SREE HOTELS, LLC 401(K) PLAN

Name: SREE HOTELS, LLC - SREE HOTELS, LLC 401(K) PLAN (2023) Form 5500
Creator: SREE HOTELS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SREE HOTELS, LLC 401(K) PLAN, SREE HOTELS, LLC

SREE HOTELS, LLCEIN 56-2073512Plan #001PY 2023

5113 PIPER STATION DRIVE, SUITE 300 - CHARLOTTE, NC 282776690704-364-6008sree.comLinkedIn201-500 employeeshospitality

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$7.6M

+14.1% from 2022

Total participants

558

+7.5% from 2022

Average account balance

$30,550

+28.3% from 2022

Annual return

14.53%

+31.86 pp from 2022

Benchmarks

See 909 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort909 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.78M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

239

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.

23.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$611K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 4 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY6 years Filed as: FIRST CITIZENS BANK AND TRUST Service code 27 4300 SIX FORKS RD · RALEIGH, NC 27609	Advisory (Plan)	$27,456
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,365
PENTEGRA SERVICES, INC.5 years Filed as: PENTEGRA SERVICES INC Service code 13 5350 SEVENTY SEVEN CENTER DR · CHARLOTTE, NC 28217	Contract Administrator	$17,354
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,278

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$66K

$157 / participant

Recordkeeping$23K35.5%
Investment mgmt$32K48.2%
Contract admin$11K16.3%

% of EOY assets

0.865%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARTER, P.C.
Auditor EIN: 383828234
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,550

$26,137+16.9%

$58,561-47.8%

$74,460-59.0%

Participation rate

26.1%

32.2%-6.1pp

50.9%-24.8pp

70.7%-44.7pp

Annual return

14.53%

32.53%-18.0pp

4251.33%-4236.8pp

34.38%-19.8pp

Employer contribution / active EE

$552

$537+2.8%

$1,053-47.6%

$2,638-79.1%

Participant deferral / active EE

$838

$1,076-22.1%

$1,923-56.4%

$4,530-81.5%

Admin fee / account holder

$264

$648-59.2%

$2,520-89.5%

$348-24.0%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY6 years

Filed as: FIRST CITIZENS BANK AND TRUST

Service code 27

4300 SIX FORKS RD · RALEIGH, NC 27609

Advisory (Plan)

$27,456

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,365

PENTEGRA SERVICES, INC.5 years

Filed as: PENTEGRA SERVICES INC

Service code 13

5350 SEVENTY SEVEN CENTER DR · CHARLOTTE, NC 28217

Contract Administrator

$17,354

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,278

SREE HOTELS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SREE HOTELS, LLC 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