Peninsula Hotel Chicago, LLC 401(k) Review & Grade
Peninsula Hotels 401(k) Plan
Chicago, ILAccommodation & Food Services612 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,788Employer $ per active participant
$4,941Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$66.2MNet plan assets, end of year
$101,911Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 29th |
| Employee saving | 96th |
| 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
- Peninsula Hotel Chicago put in about $2,788 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 (0.42% 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 | $1,705,055 |
| Participant (employee) contributions | $3,021,289 |
| Other contributions (incl. rollovers in) | $135,974 |
| Administrative expenses paid from the plan | $263,513 |
| Contract administrator fees | $263,513 |
| Benefits paid out | $5,183,274 |
| Net assets, start / end of year | $58.4M / $66.2M |
| Active participants, start / end of year | 627 / 596 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Field Olson | $62,952 reported compensation |
| Tax Sheltered Compensation, Inc. | $32,001 reported compensation |
| Abdo, LLP | $27,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819122523NAL0002208177001, received 2025-08-19, EIN 36-4273832, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.