Plan Snapshot
- Plan Sponsor: Hotels Unlimited, INC.
- Sponsor EIN: 223260462
- Sponsor Address: 399 MONMOUTH STREET, EAST WINDSOR, NJ, 08520
- Plan Type: 401(k)
- Total Participants: 293
- Total Assets: $9.7M
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 | 293 | $9.7M | $298,313 | $493,618 |
| 2023 | 269 | $8.1M | $264,866 | $469,700 |
| 2022 | 257 | $6.6M | $261,495 | $418,084 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | Investment Advisor | $32,219 | — | $32,219 |
| ALERUS INVESTMENT ADVISORS, INC | Other Service Provider | $7,463 | — | $7,463 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,682
- Estimated Expense Ratio: 0.411% 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 | $39,682 | $7,463 | — | — | — |
| 2023 | $34,379 | $4,928 | — | — | — |
| 2022 | $21,777 | — | — | — | — |