Retirement plan

AZUL HOSPITALITY 401K PLAN

Name: AZUL HOSPITALITY, LLC - AZUL HOSPITALITY 401K PLAN (2022) Form 5500
Creator: AZUL HOSPITALITY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AZUL HOSPITALITY 401K PLAN, AZUL HOSPITALITY, LLC

AZUL HOSPITALITY, LLCEIN 82-3588795Plan #001PY 2022

800 WEST IVY SUITE D - SAN DIEGO, CA 92101619-223-4200azulhospitalitygroup.comLinkedIn201-500 employeeshospitality

Prospect flagsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+31.4% from 2021

Total participants

1,291

+67.2% from 2021

Average account balance

$12,335

-6.4% from 2021

Annual return

4.75%

-76.97 pp from 2021

Benchmarks

See 266 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.03M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

472

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.

20.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

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

+16.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 7 by compensation

Provider	Service type	Compensation
JGD & ASSOCIATES LLP1 year Service code 99 · EIN 95-3132551 9191 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92122	Other Fees	$12,000
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 51-0120742 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238	Advisory (Plan)	$7,992
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$7,191
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$4,224
SAN DIEGO PENSION CONSULTANTS2+ years Service code 13 · EIN 33-0461574 9665 CHESAPEAKE DR STE 201 · SAN DIEGO, CA 92123	Contract Administrator	$2,415
SAN DIEGO PENSION CONSULTANTS1 year Filed as: SAN DIEGO PENSION CONSULTANTS INC Service code 27	Advisory (Plan)	$819
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$221

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$18K

$16 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.450%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JGD & ASSOCIATES, LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,335

$26,906-54.2%

$61,452-79.9%

$77,906-84.2%

Participation rate

18.4%

33.4%-15.0pp

52.6%-34.1pp

73.7%-55.3pp

Annual return

4.75%

-14.46%+19.2pp

338.96%-334.2pp

12.16%-7.4pp

Employer contribution / active EE

$260

$521-50.2%

$1,160-77.6%

$2,846-90.9%

Participant deferral / active EE

$708

$1,180-40.0%

$2,125-66.7%

$4,805-85.3%

Admin fee / account holder

$56

$117-52.5%

$2,131-97.4%

$133-58.1%

Provider

Service type

Compensation

JGD & ASSOCIATES LLP1 year

Service code 99 · EIN 95-3132551

9191 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92122

Other Fees

$12,000

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 51-0120742

315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238

Advisory (Plan)

$7,992

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$7,191

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$4,224

SAN DIEGO PENSION CONSULTANTS2+ years

Service code 13 · EIN 33-0461574

9665 CHESAPEAKE DR STE 201 · SAN DIEGO, CA 92123

Contract Administrator

$2,415

SAN DIEGO PENSION CONSULTANTS1 year

Filed as: SAN DIEGO PENSION CONSULTANTS INC

Service code 27

Advisory (Plan)

$819

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$221

AZUL HOSPITALITY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AZUL HOSPITALITY 401K 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