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 (2020) 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 2020

416-441-4378

Other plans on this EIN

1 filing

#334Retirement-$8.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$812.2M

-8.0% from 2016

Total participants

15,856

+0.7% from 2016

Average account balance

$54,828

-8.9% from 2016

Annual return

13.71%

-8.77 pp from 2016

Benchmarks

See 33 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants>=10,000

Cohort33 peers

Snapshot2020

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.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$923,022
MERCER3 years Filed as: MERCER INVESTMENT MANAGEMENT Service code 27 · EIN 30-0282430	Advisory (Plan)	$366,786
ROBERTS & HOLLAND6+ years Filed as: ROBERT & HOLLAND LLP Service code 29 · EIN 13-1833405	Legal	$161,744
KPMG LLP6+ years Filed as: KPMG Service code 49 · EIN 13-5565207	Other Services	$51,500
FINDLEY3 years Service code 16 · EIN 34-1213174	Consulting	$45,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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

$1.6M

$144 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.203%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,828

$48,082+14.0%

$77,557-29.3%

$106,273-48.4%

Participation rate

90.8%

33.6%+57.3pp

54.2%+36.6pp

70.8%+20.0pp

Annual return

13.71%

15.72%-2.0pp

54.83%-41.1pp

21.70%-8.0pp

Employer contribution / active EE

$970

$457+112.1%

$987-1.7%

$2,722-64.4%

Participant deferral / active EE

$2,233

$1,043+114.2%

$1,861+20.0%

$4,601-51.5%

Admin fee / account holder

$111

$79+39.8%

$2,860-96.1%

$78+41.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$923,022

MERCER3 years

Filed as: MERCER INVESTMENT MANAGEMENT

Service code 27 · EIN 30-0282430

Advisory (Plan)

$366,786

ROBERTS & HOLLAND6+ years

Filed as: ROBERT & HOLLAND LLP

Service code 29 · EIN 13-1833405

Legal

$161,744

KPMG LLP6+ years

Filed as: KPMG

Service code 49 · EIN 13-5565207

Other Services

$51,500

FINDLEY3 years

Service code 16 · EIN 34-1213174

Consulting

$45,500

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