Atrium Hospitality LP 401(k) Review & Grade
Atrium Hospitality LP 401(k) Plan
Alpharetta, GAAccommodation & Food Services5,806 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$408Employer $ per active participant
$1,316Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$101.5MNet plan assets, end of year
$33,630Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 15th |
| Employee saving | 72th |
| Peers that auto-enroll | 15% |
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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 ($23,425 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $260,421 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Atrium Hospitality LP put in about $408 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 (0.43% 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 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 | $2,371,569 |
| Participant (employee) contributions | $7,643,002 |
| Other contributions (incl. rollovers in) | $1,179,170 |
| Administrative expenses paid from the plan | $414,914 |
| Investment advisory & management fees | $49,717 |
| Benefits paid out | $11,412,220 |
| Net assets, start / end of year | $91.1M / $101.5M |
| Active participants, start / end of year | 6,141 / 5,471 |
| Participants with account balances | 3,019 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett |
Largest service providers (Schedule C)
| Adp, Inc. | $365,196 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $33,781 reported compensation |
| Warren Averett LLC | $17,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260305103209NAL0006363280001, received 2026-03-05, EIN 61-1756067, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.