E.t. Whitehall Santa Monica Partners, L.P. 401(k) Review & Grade
Etc Hotels 401(k) Plan
Beverly Hills, CAAccommodation & Food Services564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,560Employer $ per active participant
$3,399Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$31.6MNet plan assets, end of year
$68,651Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 28th |
| Employee saving | 93th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($14,608 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,443 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- E.t. Whitehall Santa Monica Partners, L.P. put in about $1,560 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 (0.43% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $879,686 |
| Participant (employee) contributions | $1,917,260 |
| Other contributions (incl. rollovers in) | $38,459 |
| Administrative expenses paid from the plan | $129,253 |
| Investment advisory & management fees | $82,326 |
| Benefits paid out | $2,417,160 |
| Net assets, start / end of year | $28.1M / $31.6M |
| Active participants, start / end of year | 564 / 564 |
| Participants with account balances | 460 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Beacon Pointe Advisors LLC | $70,262 reported compensation |
| Fidelity Investments Institutional | $46,927 reported compensation |
| Strategic Advisors, Inc. | $12,064 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115319NAL0002689633001, received 2025-10-14, EIN 95-4398775, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.