Northview Hotels & Resorts, LLC 401(k) Review & Grade
Northview Hotels & Resorts 401(k) Plan
Wilton, CTAccommodation & Food Services2,296 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$642Employer $ per active participant
$1,608Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$21.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 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 | 79th |
| Lower admin cost | 24th |
| Employee saving | 78th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $80,339 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Northview Hotels & Resorts put in about $642 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 (0.48% 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 | $1,474,790 |
| Participant (employee) contributions | $3,691,173 |
| Other contributions (incl. rollovers in) | $139,959 |
| Administrative expenses paid from the plan | $88,713 |
| Contract administrator fees | $88,713 |
| Benefits paid out | $1,365,647 |
| Net assets, start / end of year | $15.4M / $21.2M |
| Active participants, start / end of year | 2,243 / 2,348 |
| Participants with account balances | 951 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $88,747 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930104353NAL0005445539001, received 2025-09-30, EIN 37-1872812, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.