Retirement plan

SAGE 401(K) RETIREMENT & SAVINGS PLAN

Name: SAGE HOSPITALITY RESOURCES, LLC - SAGE 401(K) RETIREMENT & SAVINGS PLAN (2024) Form 5500
Creator: SAGE HOSPITALITY RESOURCES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAGE 401(K) RETIREMENT & SAVINGS PLAN, SAGE HOSPITALITY RESOURCES, LLC

SAGE HOSPITALITY RESOURCES, LLCEIN 84-1273343Plan #001PY 2024

1809 BLAKE ST. STE 200 - DENVER, CO 80202720-763-8767sagehospitalitygroup.comLinkedIn5001-10000 employeeshospitality

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$81.3M

+15.2% from 2023

Total participants

6,775

+7.8% from 2023

Average account balance

$36,734

+17.8% from 2023

Annual return

16.10%

-6.90 pp from 2023

Benchmarks

See 52 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort52 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$81.25M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

2,212

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.

24.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.91M

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

+16.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$135,723
SECURIAN FINANCIAL SERVICES INC1 year Filed as: SECURIAN FINANCIAL SERVICES, INC Service code 13 · EIN 41-1486060	Contract Administrator	$89,557
FIRST WESTERN TRUST BANK1 year Filed as: FIRST WESTERN TRUST Service code 27 · EIN 11-1000554	Advisory (Plan)	$45,000
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN,PLLC Service code 10 · EIN 38-1357951	Accounting	$25,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T2U3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$298K

$49 / participant

Investment mgmt$45K15.1%
Legal$3K1.0%
Contract admin$225K75.5%
Other / not subdivided$25K8.4%

% of EOY assets

0.367%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE AND MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $25,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,734

$36,7280%

$56,033-34.4%

$99,314-63.0%

Participation rate

24.6%

25.4%-0.8pp

52.5%-27.9pp

71.7%-47.1pp

Annual return

16.10%

14.66%+1.4pp

1711.38%-1695.3pp

17.67%-1.6pp

Employer contribution / active EE

$418

$415+0.9%

$1,041-59.8%

$3,264-87.2%

Participant deferral / active EE

$1,385

$1,058+30.9%

$1,954-29.1%

$5,346-74.1%

Admin fee / account holder

$135

$113+19.2%

$2,827-95.2%

$109+23.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$135,723

SECURIAN FINANCIAL SERVICES INC1 year

Filed as: SECURIAN FINANCIAL SERVICES, INC

Service code 13 · EIN 41-1486060

Contract Administrator

$89,557

FIRST WESTERN TRUST BANK1 year

Filed as: FIRST WESTERN TRUST

Service code 27 · EIN 11-1000554

Advisory (Plan)

$45,000

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN,PLLC

Service code 10 · EIN 38-1357951

Accounting

$25,000

SAGE 401(K) RETIREMENT & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAGE 401(K) RETIREMENT & 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