Retirement plan

HOSPITALITY ASSOCIATES INC 401K PROFIT SHARING PLAN

Name: HOSPITALITY ASSOCIATES, INC. - HOSPITALITY ASSOCIATES INC 401K PROFIT SHARING PLAN (2016) Form 5500
Creator: HOSPITALITY ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITALITY ASSOCIATES INC 401K PROFIT SHARING PLAN, HOSPITALITY ASSOCIATES, INC.

HOSPITALITY ASSOCIATES, INC.EIN 91-1032434Plan #001PY 2016

16114 E. INDIANA AVE, SUITE 200 - SPOKANE VALLEY, WA 992161874509-928-3736LinkedIn51-200 employeeshospitality

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+9.5% from 2015

Total participants

229

-8.4% from 2015

Average account balance

$21,382

+30.1% from 2015

Annual return

9.96%

+12.35 pp from 2015

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.46M

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.

207

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.

67.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$663K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1 year Filed as: RETIREMENT PLAN SPECIALISTS, INC. Service code 14 · EIN 42-1612198 1212 N WASHINGTON, SUITE 10 · SPOKANE, WA 99201	Plan Administrator	$7,870
PRESNELL GAGE, PLLC2+ years Service code 10 · EIN 20-1943775 1216 IDAHO STREET · LEWISTON, ID 83501	Accounting	$5,400

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$13K

$65 / participant

Contract admin$13K100.0%

% of EOY assets

0.489%

all-in expense ratio

Categories reported

1 / 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: PRESNELL GAGE PLLC
Auditor EIN: 201943775
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,382

$25,723-16.9%

$69,182-69.1%

$55,167-61.2%

Participation rate

50.2%

39.4%+10.8pp

55.1%-4.9pp

69.0%-18.7pp

Annual return

9.96%

9.56%+0.4pp

-21.93%+31.9pp

169.23%-159.3pp

Employer contribution / active EE

$385

$480-19.8%

$1,206-68.0%

$1,963-80.4%

Participant deferral / active EE

$682

$963-29.2%

$1,897-64.1%

$3,054-77.7%

Admin fee / account holder

$104

$365-71.3%

$2,697-96.1%

$504-79.3%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: RETIREMENT PLAN SPECIALISTS, INC.

Service code 14 · EIN 42-1612198

1212 N WASHINGTON, SUITE 10 · SPOKANE, WA 99201

Plan Administrator

$7,870

PRESNELL GAGE, PLLC2+ years

Service code 10 · EIN 20-1943775

1216 IDAHO STREET · LEWISTON, ID 83501

Accounting

$5,400

HOSPITALITY ASSOCIATES INC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITALITY ASSOCIATES INC 401K PROFIT SHARING 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