Retirement plan

MARRIOTT INTERNATIONAL, INC. PUERTO RICO RETIREMENT PLAN

Name: LUXURY HOTELS INTERNATIONAL OF PUERTO RICO, INC. - MARRIOTT INTERNATIONAL, INC. PUERTO RICO RETIREMENT PLAN (2024) Form 5500
Creator: LUXURY HOTELS INTERNATIONAL OF PUERTO RICO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARRIOTT INTERNATIONAL, INC. PUERTO RICO RETIREMENT PLAN, LUXURY HOTELS INTERNATIONAL OF PUERTO RICO, INC.

LUXURY HOTELS INTERNATIONAL OF PUERTO RICO, INC.EIN 74-3052234Plan #001PY 2024

6961 AVENUE OF THE GOVERNORS, ISLA VERDE - CAROLINA, PR 00979787-253-1700

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$25.2M

+18.7% from 2023

Total participants

2,277

+34.0% from 2023

Average account balance

$26,234

-1.1% from 2023

Annual return

15.13%

-4.50 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.24M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

962

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.

36.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.74M

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

+15.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$85

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
ORIENTAL BANK6 years Service code 21 · EIN 66-0559436	Bank Trustee	$47,286
NEPC, LLC2 years Filed as: NEPC Service code 27 · EIN 26-1429809	Advisory (Plan)	$12,591
ALIGHT SOLUTIONS LLC3 years Service code 15 · EIN 82-1061233	Recordkeeping	$7,101
ABARCA & ASSOCIATES P.S.C.1 year Filed as: ABARCA Service code 29 · EIN 66-0601528	Legal	$6,425

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$82K

$40 / participant

Recordkeeping$7K8.6%
Trustee / custodial$47K57.5%
Investment mgmt$13K15.3%
Actuarial$6K7.8%
Other / not subdivided$9K10.7%

% of EOY assets

0.326%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: $4,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,234

$31,741-17.3%

$56,025-53.2%

$200,096-86.9%

Participation rate

36.2%

32.3%+3.9pp

52.5%-16.3pp

72.0%-35.8pp

Annual return

15.13%

14.72%+0.4pp

1712.69%-1697.6pp

34.26%-19.1pp

Employer contribution / active EE

$323

$508-36.4%

$1,042-69.0%

$3,038-89.4%

Participant deferral / active EE

$1,009

$1,184-14.8%

$1,955-48.4%

$5,090-80.2%

Admin fee / account holder

$85

$426-80.0%

$2,828-97.0%

$269-68.3%

Provider

Service type

Compensation

ORIENTAL BANK6 years

Service code 21 · EIN 66-0559436

Bank Trustee

$47,286

NEPC, LLC2 years

Filed as: NEPC

Service code 27 · EIN 26-1429809

Advisory (Plan)

$12,591

ALIGHT SOLUTIONS LLC3 years

Service code 15 · EIN 82-1061233

Recordkeeping

$7,101

ABARCA & ASSOCIATES P.S.C.1 year

Filed as: ABARCA

Service code 29 · EIN 66-0601528

Legal

$6,425

MARRIOTT INTERNATIONAL, INC. PUERTO RICO RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARRIOTT INTERNATIONAL, INC. PUERTO RICO RETIREMENT 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