Azul Hospitality, LLC 401(k) Review & Grade
Azul Hospitality 401k Plan
San Diego, CAAccommodation & Food Services1,704 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$383Employer $ per active participant
$942Employee $ saved per active participant
0.86%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 9th |
| Employee saving | 58th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $17,836 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Azul Hospitality put in about $383 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.86% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $652,813 |
| Participant (employee) contributions | $1,605,388 |
| Other contributions (incl. rollovers in) | $148,949 |
| Administrative expenses paid from the plan | $65,851 |
| Benefits paid out | $653,838 |
| Net assets, start / end of year | $6.3M / $9.0M |
| Active participants, start / end of year | 1,659 / 1,748 |
| Participants with account balances | 472 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | JGD & Associates, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $54,057 reported compensation |
| Ubs Financial Services, Inc. | $17,839 reported compensation |
| JGD & Associates LLP | $14,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714103432NAL0000948385001, received 2025-07-14, EIN 82-3588795, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.