Retirement plan

NORTHPOINT HOSPITALITY GROUP I 401(K) PROFIT SHARING PLAN & TRUST

Name: NORTH POINT HOSPITALITY GROUP - NORTHPOINT HOSPITALITY GROUP I 401(K) PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: NORTH POINT HOSPITALITY GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHPOINT HOSPITALITY GROUP I 401(K) PROFIT SHARING PLAN & TRUST, NORTH POINT HOSPITALITY GROUP

NORTH POINT HOSPITALITY GROUPEIN 58-2235479Plan #001PY 2018

3405 PIEDMONT RD NE STE 550 - ATLANTA, GA 303054819770-569-9650LinkedIn201-500 employeeshospitality

Prospect flagsLow returnsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed August 17, 2009

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$2.4M

+2.1% from 2017

Total participants

194

-10.6% from 2017

Average account balance

$24,759

-7.2% from 2017

Annual return

-11.79%

-25.63 pp from 2017

Benchmarks

See 864 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort864 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.80M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

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.

44.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$698K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2500

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

0 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$1,294
RETIREMENT SOLUTIONS SPECIALISTS4+ years Service code 37 · EIN 27-0293282 12276 SAN JOSE BLVD · JACKSONVILLE, FL 32223	Loan Processing	$1,249
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET Service code 27 · EIN 04-1590850 35 EAST WACKER DRIVE · CHICAGO, IL 60601	Advisory (Plan)	$0
MERRILL LYNCH PIERCE FENNER & SMITH4+ years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Recordkeeping	$0
MESIROW FINANCIAL INVESTMENT MANAGE4+ years Filed as: MESIROW FINANCIAL INV MGT Service code 49 · EIN 36-3429599	Other Services	$0
RELIANCE TRUST COMPANY4+ years Service code 25 · EIN 58-1428634	Directed Trustee	$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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$14 / participant

Contract admin$3K100.0%

% of EOY assets

0.105%

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: CHERRY BEKAERT, LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,759

$28,109-11.9%

$71,086-65.2%

$56,287-56.0%

Participation rate

46.4%

40.4%+6.0pp

54.7%-8.3pp

69.9%-23.5pp

Annual return

-11.79%

-615.05%+603.3pp

650.59%-662.4pp

-9.96%-1.8pp

Employer contribution / active EE

$1,209

$558+116.9%

$1,088+11.2%

$2,111-42.7%

Participant deferral / active EE

$1,529

$1,116+37.0%

$1,874-18.4%

$3,350-54.4%

Admin fee / account holder

$26

$585-95.6%

$3,082-99.2%

$521-95.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$1,294

RETIREMENT SOLUTIONS SPECIALISTS4+ years

Service code 37 · EIN 27-0293282

12276 SAN JOSE BLVD · JACKSONVILLE, FL 32223

Loan Processing

$1,249

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET

Service code 27 · EIN 04-1590850

35 EAST WACKER DRIVE · CHICAGO, IL 60601

Advisory (Plan)

MERRILL LYNCH PIERCE FENNER & SMITH4+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER

Service code 15 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Recordkeeping

MESIROW FINANCIAL INVESTMENT MANAGE4+ years

Filed as: MESIROW FINANCIAL INV MGT

Service code 49 · EIN 36-3429599

Other Services

RELIANCE TRUST COMPANY4+ years

Service code 25 · EIN 58-1428634

Directed Trustee

NORTHPOINT HOSPITALITY GROUP I 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHPOINT HOSPITALITY GROUP I 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

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