Retirement plan

FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN

Name: FOUR SEASONS HOTELS LIMITED PENSION & PROFIT SHARING COMMITTEE - FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN (2024) Form 5500
Creator: FOUR SEASONS HOTELS LIMITED PENSION & PROFIT SHARING COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN, FOUR SEASONS HOTELS LIMITED PENSION & PROFIT SHARING COMMITTEE

FOUR SEASONS HOTELS LIMITED PENSION & PROFIT SHARING COMMITTEEEIN 98-0057100Plan #333PY 2024

416-441-4378

Other plans on this EIN

1 filing

#334Retirement-$9.1M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$978.6M

+13.3% from 2023

Total participants

20,112

-0.1% from 2023

Average account balance

$52,641

+13.8% from 2023

Annual return

12.77%

-3.81 pp from 2023

Benchmarks

See 50 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort50 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$978.59M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

18,590

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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 COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$909,861
MERCER4 years Filed as: MERCER INVESTMENTS LLC Service code 27 · EIN 30-0282430	Advisory (Plan)	$577,508
USI CONSULTING GROUP3 years Service code 13 · EIN 06-1053228	Contract Administrator	$185,396
KPMG LLP4 years Service code 10 · EIN 13-5565207	Accounting	$61,868

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2U

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.

Opportunity flags

3 tripped

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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$102 / participant

Investment mgmt$578K35.3%
Legal$185K11.3%
Contract admin$813K49.6%
Other / not subdivided$62K3.8%

% of EOY assets

0.167%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: $61,868
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,641

$47,385+11.1%

$56,054-6.1%

$106,408-50.5%

Participation rate

90.6%

33.2%+57.4pp

52.5%+38.1pp

69.9%+20.7pp

Annual return

12.77%

17.29%-4.5pp

1705.95%-1693.2pp

17.37%-4.6pp

Employer contribution / active EE

$1,465

$623+135.1%

$1,039+41.0%

$3,361-56.4%

Participant deferral / active EE

$3,338

$1,440+131.7%

$1,952+71.0%

$5,567-40.0%

Admin fee / account holder

$88

$78+12.8%

$2,822-96.9%

$79+11.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$909,861

MERCER4 years

Filed as: MERCER INVESTMENTS LLC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$577,508

USI CONSULTING GROUP3 years

Service code 13 · EIN 06-1053228

Contract Administrator

$185,396

KPMG LLP4 years

Service code 10 · EIN 13-5565207

Accounting

$61,868

FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUR SEASONS HOTELS RETIREMENT BENEFIT 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