Hall Hospitality Group LLC 401(k) Review & Grade
Hall Hospitality Group LLC 401k Plan
Charleston, SCAccommodation & Food Services1,384 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$488Employer $ per active participant
$926Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$9.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity35.0 / 5070th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 12th |
| Employee saving | 56th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,753 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hall Hospitality Group put in about $488 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.
- Direct plan expenses (0.71% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $675,630 |
| Participant (employee) contributions | $1,280,955 |
| Other contributions (incl. rollovers in) | $61 |
| Administrative expenses paid from the plan | $58,878 |
| Benefits paid out | $669,538 |
| Net assets, start / end of year | $7.1M / $9.3M |
| Active participants, start / end of year | 1,388 / 1,380 |
| Participants with account balances | 308 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Glaser and Company LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $32,477 reported compensation |
| Edward Jones | $26,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121334NAL0006218208001, received 2025-10-15, EIN 26-3114009, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.