Westmont Hospitality Management, LLC 401(k) Review & Grade
Westmont Hospitality Group 401(k) Plan
Houston, TXAccommodation & Food Services2,796 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$627Employer $ per active participant
$1,191Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$53.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.8 / 5080th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 13th |
| Employee saving | 69th |
| Peers that auto-enroll | 15% |
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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
- Westmont Hospitality Management put in about $627 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 (0.50% 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.
- 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 | $1,752,347 |
| Participant (employee) contributions | $3,329,516 |
| Other contributions (incl. rollovers in) | $1,037,716 |
| Administrative expenses paid from the plan | $257,629 |
| Contract administrator fees | $257,629 |
| Benefits paid out | $5,642,747 |
| Net assets, start / end of year | $48.5M / $53.8M |
| Active participants, start / end of year | 1,751 / 3,841 |
| Participants with account balances | 1,130 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $257,628 reported compensation |
| Northwestern Mutual Investment Serv | $66,008 reported compensation |
| Alliance Benefit Group of Houston | $21,343 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140317NAL0003173186001, received 2025-10-13, EIN 26-1589372, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.