Retirement plan

GOOD NITE INN RETIREMENT SAVINGS PLAN

Name: GOOD NITE INN, INC - GOOD NITE INN RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: GOOD NITE INN, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOOD NITE INN RETIREMENT SAVINGS PLAN, GOOD NITE INN, INC

GOOD NITE INN, INCEIN 95-3989393Plan #001PY 2017

11500 W OLYMPIC BLVD SUITE 345 - LOS ANGELES, CA 90064808-538-6773goodnite.comLinkedIn11-50 employeeshospitality

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.2M

+22.1% from 2016

Total participants

196

+8.9% from 2016

Average account balance

$38,092

+11.6% from 2016

Annual return

11.32%

+1.43 pp from 2016

Benchmarks

See 841 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort841 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.58M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

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.

32.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$255K

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

+7.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14661

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

0 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$12,471
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 · EIN 51-0116113	Other Services	$7,443
ACTUARIAL BENEFITS CORP2 years Filed as: ACTUARIAL CONSULTANTS INC. Service code 13	Contract Administrator	$6,640
ACTUARIAL BENEFITS CORP2 years Filed as: ACTUARIAL CONSULTANTS INC Service code 13 · EIN 33-0024795	Contract Administrator	$440

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$13K

$69 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.584%

all-in expense ratio

Categories reported

0 / 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: GORELICK & USLANER CPAS
Auditor EIN: 954538761
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,092

$31,388+21.4%

$73,550-48.2%

$62,293-38.8%

Participation rate

26.6%

39.9%-13.3pp

54.9%-28.3pp

69.5%-42.9pp

Annual return

11.32%

25.34%-14.0pp

-15.16%+26.5pp

28.90%-17.6pp

Employer contribution / active EE

$320

$498-35.7%

$1,219-73.7%

$2,042-84.3%

Participant deferral / active EE

$858

$1,028-16.6%

$1,804-52.4%

$3,169-72.9%

Admin fee / account holder

$223

$299-25.6%

$2,320-90.4%

$479-53.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$12,471

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INS SERVICES INC

Service code 49 · EIN 51-0116113

Other Services

$7,443

ACTUARIAL BENEFITS CORP2 years

Filed as: ACTUARIAL CONSULTANTS INC.

Service code 13

Contract Administrator

$6,640

ACTUARIAL BENEFITS CORP2 years

Filed as: ACTUARIAL CONSULTANTS INC

Service code 13 · EIN 33-0024795

Contract Administrator

$440

GOOD NITE INN RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOOD NITE INN 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