Visions Hotels, LLC 401(k) Review & Grade
Hospitality Advisors 401(k) Plan
Corning, NYAccommodation & Food Services658 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$598Employer $ per active participant
$1,097Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity38.3 / 5077th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 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 | 77th |
| Lower admin cost | 41th |
| Employee saving | 65th |
| 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
- Visions Hotels put in about $598 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $393,744 |
| Participant (employee) contributions | $722,058 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $5,607 |
| Benefits paid out | $201,760 |
| Net assets, start / end of year | $1.3M / $2.5M |
| Active participants, start / end of year | 654 / 663 |
| Participants with account balances | 188 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mengel, Metzger, Barr & Co. LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $5,607 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095123NAL0005868608001, received 2025-10-15, EIN 16-1555839, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.