Schulte Hospitality Group, Inc. 401(k) Review & Grade
Schulte Hospitality Group, Inc. 401(k) Plan
Louisville, KYAccommodation & Food Services6,008 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$505Employer $ per active participant
$1,892Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$45.9MNet plan assets, end of year
$7,265Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 11th |
| Employee saving | 84th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Corrective distributions: the plan refunded $167,539 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schulte Hospitality Group put in about $505 per active participant, more than the typical peer ($244). 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 (0.56% of assets) are well above similar-size plans (0.12%). 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 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 | $3,035,118 |
| Participant (employee) contributions | $11,367,788 |
| Other contributions (incl. rollovers in) | $1,553,961 |
| Administrative expenses paid from the plan | $227,789 |
| Benefits paid out | $9,415,824 |
| Net assets, start / end of year | $35.0M / $45.9M |
| Active participants, start / end of year | 6,194 / 5,821 |
| Participants with account balances | 6,311 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $227,788 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814051828NAL0009333313001, received 2025-08-14, EIN 37-1392767, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.