Plan Snapshot
- Plan Sponsor: Ny Hotel Trades Council & Hotel Associat Prepaid Legal Services Fund
- Sponsor EIN: 133418414
- Sponsor Address: 305 WEST 44TH STREET, NEW YORK, NY, 10036
- Plan Type: 401(k)
- Plan Number: 508
- Total Participants: 30,032
- Total Assets: $24.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 30,032 | $24.9M | $6.2M | $0 |
| 2023 | 27,389 | $21.7M | $5.9M | $0 |
| 2022 | 22,619 | $18.3M | $4.9M | $0 |
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 |
|---|---|---|---|---|
| AMERICAN LEGAL SERVICE | Recordkeeper | $688,426 | — | $688,426 |
| NYHTC - HEALTH CENTER, INC. | Other Service Provider | $373,363 | — | $373,363 |
| NYHTC - HEALTH BENEFITS FUND | Other Service Provider | $68,596 | — | $68,596 |
| ELLENOFF GROSSMAN & SCHOLE LLP | ERISA Attorney | $63,661 | — | $63,661 |
| PITTA LLP | ERISA Attorney | $45,566 | — | $45,566 |
| HACELS LLC | Other Service Provider | $33,482 | — | $33,482 |
| THE SEGAL CO. | Actuary | $11,000 | — | $11,000 |
| MORGAN STANLEY | Investment Advisor | $10,708 | — | $10,708 |
| MSPC | Auditor | $10,000 | — | $10,000 |
| NORTHERN TRUST | Other Service Provider | $5,941 | — | $5,941 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,310,743
- Estimated Expense Ratio: 5.263% 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 | $1,357,418 | $10,708 | $688,426 | $13,807 | — |
| 2023 | $1,116,390 | $5,492 | $523,372 | $12,698 | — |
| 2022 | $864,620 | $17,689 | $364,366 | — | $110,723 |