Retirement plan

THE RESTATED FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN

Name: FOUR SEASONS HOTELS LIMITED PENSION & PROFIT SHARING COMMITTEE - THE RESTATED FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN (2019) Form 5500
Creator: FOUR SEASONS HOTELS LIMITED PENSION & PROFIT SHARING COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RESTATED 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 2019

416-441-4378

Other plans on this EIN

1 filing

#334Retirement-$8.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$815.8M

-8.0% from 2016

Total participants

17,688

+0.7% from 2016

Average account balance

$48,139

-8.9% from 2016

Annual return

20.72%

-8.77 pp from 2016

Benchmarks

See 40 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort40 peers

Snapshot2019

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 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393	Recordkeeping	$899,807
MERCER2 years Filed as: MERCER INVESTMENT MANAGEMENT Service code 51 · EIN 30-0282430	Investment Mgmt Fees	$355,640
ROBERTS & HOLLAND5+ years Filed as: ROBERT & HOLLAND LLP Service code 17 · EIN 13-1833405	Pension Consulting	$100,699
KPMG LLP5+ years Filed as: KPMG Service code 10 · EIN 13-5565207	Accounting	$57,500
FINDLEY2 years Service code 15 · EIN 34-1213174	Recordkeeping	$40,000

Plan features & details

Pension benefit codes2E2F2J2T2S2G2K

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$88 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.155%

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: KPMG
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,139

$43,471+10.7%

$74,725-35.6%

$89,609-46.3%

Participation rate

94.8%

36.3%+58.5pp

54.5%+40.4pp

69.6%+25.2pp

Annual return

20.72%

24.97%-4.2pp

753.24%-732.5pp

33.65%-12.9pp

Employer contribution / active EE

$1,210

$554+118.6%

$1,084+11.6%

$2,584-53.2%

Participant deferral / active EE

$2,912

$1,177+147.5%

$1,961+48.5%

$4,222-31.0%

Admin fee / account holder

$74

$74+0.8%

$3,335-97.8%

$72+3.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$899,807

MERCER2 years

Filed as: MERCER INVESTMENT MANAGEMENT

Service code 51 · EIN 30-0282430

Investment Mgmt Fees

$355,640

ROBERTS & HOLLAND5+ years

Filed as: ROBERT & HOLLAND LLP

Service code 17 · EIN 13-1833405

Pension Consulting

$100,699

KPMG LLP5+ years

Filed as: KPMG

Service code 10 · EIN 13-5565207

Accounting

$57,500

FINDLEY2 years

Service code 15 · EIN 34-1213174

Recordkeeping

$40,000

THE RESTATED FOUR SEASONS HOTELS RETIREMENT BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RESTATED 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