Brittain Resorts & Hotels LLC 401(k) Review & Grade
Brittain Resorts & Hotels 401(k) Plan
Myrtle Beach, SCAccommodation & Food Services554 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$638Employer $ per active participant
$1,124Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.4 / 5079th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 12th |
| Employee saving | 66th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Brittain Resorts & Hotels put in about $638 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.
- Direct plan expenses (0.73% of assets) are well above similar-size plans (0.23%). 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 | $353,277 |
| Participant (employee) contributions | $622,570 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $61,378 |
| Investment advisory & management fees | $31,831 |
| Benefits paid out | $335,509 |
| Net assets, start / end of year | $7.6M / $9.2M |
| Active participants, start / end of year | 566 / 542 |
| Participants with account balances | 208 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Sapp, PA |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $29,547 reported compensation |
| Wellth Advisory Services, LLC | $20,811 reported compensation |
| Smith Sapp Professional Association | $11,020 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013155715NAL0001563553001, received 2025-10-13, EIN 20-8927856, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.