Amway Hotel Corporation 401(k) Review & Grade
Amway Hotel Corporation 401(k) Retirement and Savings Plan
Grand Rapids, MIAccommodation & Food Services1,329 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,526Employer $ per active participant
$2,097Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$52.0MNet plan assets, end of year
$33,643Average balance per account
Score breakdown
- Employer generosity46.6 / 5093th percentile for employer $ per participant
- Low cost23.6 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score86 / 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 | 93th |
| Lower admin cost | 95th |
| Employee saving | 85th |
| 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
- Amway Hotel put in about $1,526 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.
- 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 | $2,028,184 |
| Participant (employee) contributions | $2,786,543 |
| Other contributions (incl. rollovers in) | $23,144 |
| Administrative expenses paid from the plan | $11,268 |
| Contract administrator fees | $11,268 |
| Benefits paid out | $3,461,292 |
| Net assets, start / end of year | $44.9M / $52.0M |
| Active participants, start / end of year | 1,353 / 1,305 |
| Participants with account balances | 1,546 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hungerford |
Largest service providers (Schedule C)
| Fidelity Inv Inst Operations | $11,268 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010113802NAL0007632273002, received 2025-10-10, EIN 38-2239010, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.