Retirement plan

OLS HOTELS & RESORTS LLC 401(K) PLAN

Name: OLS HOTELS & RESORTS, LLC - OLS HOTELS & RESORTS LLC 401(K) PLAN (2020) Form 5500
Creator: OLS HOTELS & RESORTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLS HOTELS & RESORTS LLC 401(K) PLAN, OLS HOTELS & RESORTS, LLC

OLS HOTELS & RESORTS, LLCEIN 95-4181890Plan #002PY 2020

16000 VENTURA BLVD., SUITE 1010 - ENCINO, CA 91436818-905-8280

Prospect flagsLow returnsLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.7M

-11.1% from 2019

Total participants

1,634

+6.9% from 2019

Average account balance

$13,282

No prior year

Annual return

7.70%

-15.49 pp from 2019

Benchmarks

See 690 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.48M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

1,259

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.

58.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.98M

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

+12.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHID · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$42,109
TRUOG-RYDING COMPANY, INC.3 years Filed as: TROUG-RYDING COMPANY, INC. Service code 13 2659 TOWNSGATE ROAD, STE 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$37,972
MONARCH PLAN ADVISORS2 years Filed as: MONARCH CORPORATE ADVISORS, INC. Service code 27 40 W. EASY ST. STE 4 · SIMI VALLEY, CA 93065	Advisory (Plan)	$25,867
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,537
PENSION ASSURANCE LLP4 years Service code 10 · EIN 30-0840934 5530 CORBIN AVE. STE 260 · TARZANA, CA 91356	Accounting	$7,000
ADP BROKER-DEALER2 years Filed as: AUTOMATIC DATA PROCESSING, INC. DBA Service code 99 ONE ADP DRIVE MS-100 · AGUSTA, GA 30909	Other Fees	$2,336

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$99K

$125 / participant

Contract admin$99K100.0%

% of EOY assets

0.560%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,282

$29,369-54.8%

$77,552-82.9%

$73,412-81.9%

Participation rate

61.7%

37.9%+23.8pp

54.2%+7.5pp

72.2%-10.5pp

Annual return

7.70%

358.15%-350.4pp

54.82%-47.1pp

59.30%-51.6pp

Employer contribution / active EE

$137

$406-66.2%

$987-86.1%

$2,234-93.9%

Participant deferral / active EE

$1,507

$941+60.2%

$1,861-19.0%

$3,806-60.4%

Admin fee / account holder

$74

$123-39.3%

$2,859-97.4%

$158-52.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHID · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$42,109

TRUOG-RYDING COMPANY, INC.3 years

Filed as: TROUG-RYDING COMPANY, INC.

Service code 13

2659 TOWNSGATE ROAD, STE 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$37,972

MONARCH PLAN ADVISORS2 years

Filed as: MONARCH CORPORATE ADVISORS, INC.

Service code 27

40 W. EASY ST. STE 4 · SIMI VALLEY, CA 93065

Advisory (Plan)

$25,867

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,537

PENSION ASSURANCE LLP4 years

Service code 10 · EIN 30-0840934

5530 CORBIN AVE. STE 260 · TARZANA, CA 91356

Accounting

$7,000

ADP BROKER-DEALER2 years

Filed as: AUTOMATIC DATA PROCESSING, INC. DBA

Service code 99

ONE ADP DRIVE MS-100 · AGUSTA, GA 30909

Other Fees

$2,336

OLS HOTELS & RESORTS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLS HOTELS & RESORTS LLC 401(K) 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