Plan Snapshot
- Plan Sponsor: Hotel Investment Services, INC
- Sponsor EIN: 382945002
- Sponsor Address: 3150 LIVERNOIS ROAD, TROY, MI, 48083
- Plan Type: 401(k)
- Total Participants: 551
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 551 | $4.8M | $50,591 | $458,002 |
| 2023 | 220 | $4.1M | $42,085 | $313,665 |
| 2022 | 302 | $3.5M | $27,087 | $273,671 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $19,840 | — | $19,840 |
| LOTITO & LAZZARA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LOTITO & LAZZARA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,840
- Estimated Expense Ratio: 0.413% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $27,310 | $7,470 | — | — | — |
| 2023 | $1,913 | $1,688 | — | — | — |
| 2022 | $985 | $785 | — | — | — |