PM Hospitality Strategies, Inc. 401(k) Review & Grade
Pmhg 401(k) Plan
Chevy Chase, MDAccommodation & Food Services4,185 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$276Employer $ per active participant
$813Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$30.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 8th |
| Employee saving | 54th |
| 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 ($8,657,048 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $242,522 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PM Hospitality Strategies put in about $276 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 (0.69% 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 | $1,155,221 |
| Participant (employee) contributions | $3,401,189 |
| Other contributions (incl. rollovers in) | $4,518,295 |
| Administrative expenses paid from the plan | $184,804 |
| Investment advisory & management fees | $57,352 |
| Benefits paid out | $3,830,581 |
| Net assets, start / end of year | $22.9M / $30.5M |
| Active participants, start / end of year | 3,354 / 5,016 |
| Participants with account balances | 882 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Snyder Cohn PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $94,953 reported compensation |
| Kestra Investment Services LLC | $57,352 reported compensation |
| Snyder Cohn PC | $32,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145309NAL0002487395001, received 2025-10-15, EIN 54-1811207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.