Hollander Hospitality LLC 401(k) Review & Grade
Hollander Hospitality 401k Plan
Bellingham, WAAccommodation & Food Services559 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$583Employer $ per active participant
$1,425Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$8.9MNet plan assets, end of year
$29,785Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 84th |
| Employee saving | 75th |
| 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 ($76 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $19,386 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hollander Hospitality put in about $583 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $325,768 |
| Participant (employee) contributions | $796,828 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $5,061 |
| Contract administrator fees | $2,487 |
| Investment advisory & management fees | $2,574 |
| Benefits paid out | $843,437 |
| Net assets, start / end of year | $7.7M / $8.9M |
| Active participants, start / end of year | 557 / 561 |
| Participants with account balances | 300 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dwyer, Pemberton & Coulson, P.C. |
Largest service providers (Schedule C)
| American United Life Insurance Co | $56,633 reported compensation |
| Edward D Jones and Co | $21,096 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010165909NAL0008044481001, received 2025-10-10, EIN 91-1746890, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.