Retirement plan

STAMFORD MARRIOTT 401(K) SAVINGS PLAN

Name: STAMFORD EMPOYMENT SERVICES, LLC - STAMFORD MARRIOTT 401(K) SAVINGS PLAN (2019) Form 5500
Creator: STAMFORD EMPOYMENT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAMFORD MARRIOTT 401(K) SAVINGS PLAN, STAMFORD EMPOYMENT SERVICES, LLC

STAMFORD EMPOYMENT SERVICES, LLCEIN 83-2069475Plan #001PY 2019

7 KENOSIA AVENUE, SUITE 2A - DANBURY, CT 06810203-977-1279

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.8M

+18.3% from 2018

Total participants

472

-42.9% from 2018

Average account balance

$21,793

+19.2% from 2018

Annual return

19.50%

+27.15 pp from 2018

Benchmarks

See 794 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort794 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.93M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

151

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.

63.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$319K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUM Service code 10 · EIN 22-2027092	Accounting	$24,820
WIGGIN & DANA LLP1 year Filed as: WIGGIN AND DANA Service code 29 · EIN 06-0590100	Legal	$3,247
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850	Recordkeeping	$2,416
MOTEL HOTEL ASSOCIATES, INC.1 year Service code 26 · EIN 23-2441694	Advisory (Participants)	$532
RELIANCE TRUST COMPANY2+ years Service code 25 · EIN 58-1428634	Directed Trustee	$325
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 55	Other Commissions	$59
ENVESTNET RETIREMENT SOLUTIONS, LLC2+ years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 · EIN 26-4310844	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant 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

$13K

$39 / participant

Investment mgmt$4K29.1%
Contract admin$2K18.6%
Other / not subdivided$7K52.2%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

2 / 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: WITHUM, SMITH & BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,793

$25,302-13.9%

$74,722-70.8%

$67,579-67.8%

Participation rate

37.1%

37.8%-0.8pp

54.5%-17.4pp

71.3%-34.2pp

Annual return

19.50%

10291.17%-10271.7pp

753.11%-733.6pp

378.56%-359.1pp

Employer contribution / active EE

$68

$446-84.7%

$1,084-93.7%

$2,148-96.8%

Participant deferral / active EE

$853

$954-10.6%

$1,963-56.5%

$3,539-75.9%

Admin fee / account holder

$49

$108-54.5%

$3,335-98.5%

$142-65.6%

Provider

Service type

Compensation

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUM

Service code 10 · EIN 22-2027092

Accounting

$24,820

WIGGIN & DANA LLP1 year

Filed as: WIGGIN AND DANA

Service code 29 · EIN 06-0590100

Legal

$3,247

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 15 · EIN 04-1590850

Recordkeeping

$2,416

MOTEL HOTEL ASSOCIATES, INC.1 year

Service code 26 · EIN 23-2441694

Advisory (Participants)

$532

RELIANCE TRUST COMPANY2+ years

Service code 25 · EIN 58-1428634

Directed Trustee

$325

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 55

Other Commissions

$59

ENVESTNET RETIREMENT SOLUTIONS, LLC2+ years

Service code 27 · EIN 61-1732930

Advisory (Plan)

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55 · EIN 26-4310844

Other Commissions

STAMFORD MARRIOTT 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAMFORD MARRIOTT 401(K) SAVINGS 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