Concord Hospitality Enterprises Company, LLC 401(k) Review & Grade
Concord Hospitality Enterprises Company, LLC 401(k) Plan
Raleigh, NCAccommodation & Food Services6,800 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$504Employer $ per active participant
$1,071Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$73.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity37.4 / 5075th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score35 / 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 | 75th |
| Lower admin cost | 22th |
| Employee saving | 63th |
| 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 ($1,077,360 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Concord Hospitality Enterprises Company put in about $504 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 (0.31% 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 | $3,425,817 |
| Participant (employee) contributions | $7,283,236 |
| Other contributions (incl. rollovers in) | $1,575,109 |
| Administrative expenses paid from the plan | $209,774 |
| Investment advisory & management fees | $86,106 |
| Benefits paid out | $8,835,888 |
| Net assets, start / end of year | $61.5M / $73.8M |
| Active participants, start / end of year | 5,532 / 8,068 |
| Participants with account balances | 1,964 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Coulter & Justus |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $123,668 reported compensation |
| Morgan Stanley Smith Barney LLC | $86,106 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010134137NAL0008244321001, received 2025-10-10, EIN 34-1578841, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.