Thompson Hospitality Corporation 401(k) Review & Grade
Thompson Hospitality 401(k) Profit Sharing Plan
Reston, VAOther Services2,260 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$269Employer $ per active participant
$452Employee $ saved per active participant
0.96%Direct admin cost, % of plan assets
$14.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.1 / 5020th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 7th |
| Employee saving | 11th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($327,440 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,399 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thompson Hospitality put in about $269 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.96% 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 | $607,062 |
| Participant (employee) contributions | $1,021,631 |
| Other contributions (incl. rollovers in) | $513,999 |
| Administrative expenses paid from the plan | $137,253 |
| Contract administrator fees | $14,650 |
| Benefits paid out | $3,110,776 |
| Net assets, start / end of year | $13.9M / $14.6M |
| Active participants, start / end of year | 2,277 / 2,244 |
| Participants with account balances | 375 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $122,602 reported compensation |
| Retirement Planners & Administrator | $47,701 reported compensation |
| Private Advisor Group LLC | $33,510 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013091955NAL0001584480001, received 2025-10-13, EIN 54-1861877, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.