Retirement plan

PACIFICA HOTELS 401(K) PLAN AND TRUST

Name: PACIFICA HOTEL COMPANY - PACIFICA HOTELS 401(K) PLAN AND TRUST (2023) Form 5500
Creator: PACIFICA HOTEL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFICA HOTELS 401(K) PLAN AND TRUST, PACIFICA HOTEL COMPANY

PACIFICA HOTEL COMPANYEIN 77-0369894Plan #001PY 2023

39 ARGONAUT - ALISO VIEJO, CA 92656949-381-5462pacificahotelco.comLinkedIn11-50 employeeshospitality

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.6M

+6.5% from 2022

Total participants

1,400

-3.4% from 2022

Average account balance

$16,923

+14.5% from 2022

Annual return

13.13%

+26.86 pp from 2022

Benchmarks

See 657 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort657 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.69M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

556

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.

59.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177

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 5 by compensation

Provider	Service type	Compensation
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	$50,935
WRIGHT FORD YOUNG & CO2 years Service code 10 16140 SAND CANYON AVE · IRVINE, CA 92618	Accounting	$29,960
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$21,575
MERRILL LYNCH PIERCE FENNER & SMITH4 years Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$18,211
PACIFICA CAPITAL1 year Filed as: PACIFICA HOTEL COMPANY LLC Service code 10 39 ARGONAUT · ALISO VIEJO, CA 92656	Accounting	$2,000

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$122K

$138 / participant

Contract admin$122K100.0%

% of EOY assets

1.051%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,923

$56,638-70.1%

$169,385-90.0%

$74,440-77.3%

Participation rate

18.9%

67.5%-48.6pp

77.2%-58.2pp

70.7%-51.8pp

Annual return

13.13%

24.75%-11.6pp

405.82%-392.7pp

34.37%-21.2pp

Employer contribution / active EE

$242

$2,027-88.1%

$4,012-94.0%

$2,638-90.8%

Participant deferral / active EE

$803

$4,223-81.0%

$6,221-87.1%

$4,529-82.3%

Admin fee / account holder

$178

$307-42.0%

$9,011-98.0%

$348-48.9%

Provider

Service type

Compensation

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

$50,935

WRIGHT FORD YOUNG & CO2 years

Service code 10

16140 SAND CANYON AVE · IRVINE, CA 92618

Accounting

$29,960

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$21,575

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$18,211

PACIFICA CAPITAL1 year

Filed as: PACIFICA HOTEL COMPANY LLC

Service code 10

39 ARGONAUT · ALISO VIEJO, CA 92656

Accounting

$2,000

PACIFICA HOTELS 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFICA HOTELS 401(K) PLAN AND TRUST

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