SCM Hotel Operating Company, LLC 401(k) Review & Grade
Quorum Hotels 401(k) Plan
Plano, TXAccommodation & Food Services563 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$576Employer $ per active participant
$1,190Employee $ saved per active participant
0.86%Direct admin cost, % of plan assets
$7.8MNet 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 cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 9th |
| Employee saving | 68th |
| Peers that auto-enroll | 17% |
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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 ($51,553 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- SCM Hotel Operating Company put in about $576 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 (0.86% 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.
- 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 | $324,566 |
| Participant (employee) contributions | $669,867 |
| Other contributions (incl. rollovers in) | $109,685 |
| Administrative expenses paid from the plan | $64,864 |
| Contract administrator fees | $64,864 |
| Benefits paid out | $1,337,845 |
| Net assets, start / end of year | $7.3M / $7.8M |
| Active participants, start / end of year | 560 / 566 |
| Participants with account balances | 160 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wright Ford Young & Co |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions, | $35,508 reported compensation |
| Raymond James and Associates, Inc | $25,057 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162826NAL0010637250001, received 2025-10-15, EIN 88-1659254, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.