Ny Hotel Trades Council & Hotel Assn. 401(k) Review & Grade
Ny Hotels Trades Council & Assn. of Nyc, Inc Employee Benefit Funds Staff Retirement Plan and Trust · d/b/a Of Nyc Health
New York, NYAccommodation & Food Services896 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,254Employer $ per active participant
$9,265Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$153.3MNet plan assets, end of year
$121,126Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score98 / 100 · Grade A
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 94th |
| Employee saving | 99th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ny Hotel Trades Council & Hotel Assn. put in about $4,254 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,809,797 |
| Participant (employee) contributions | $8,296,746 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $33,859 |
| Investment advisory & management fees | $33,859 |
| Benefits paid out | $9,416,102 |
| Net assets, start / end of year | $132.4M / $153.3M |
| Active participants, start / end of year | 847 / 944 |
| Participants with account balances | 1,266 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mspc Certified Public Accountants & |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $55,122 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144456NAL0005172225001, received 2025-10-15, EIN 13-1595091, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.