Evans Hotels, LLC 401(k) Review & Grade
Evans Hotels 401(k) Employee Retirement Plan
San Diego, CAAccommodation & Food Services1,090 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$391Employer $ per active participant
$2,914Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$35.2MNet plan assets, end of year
$26,804Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score51 / 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 | 65th |
| Lower admin cost | 18th |
| Employee saving | 92th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($288,774 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Evans Hotels put in about $391 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 (0.59% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $426,086 |
| Participant (employee) contributions | $3,175,115 |
| Other contributions (incl. rollovers in) | $5,277 |
| Administrative expenses paid from the plan | $193,207 |
| Contract administrator fees | $143,003 |
| Investment advisory & management fees | $28,333 |
| Benefits paid out | $3,750,335 |
| Net assets, start / end of year | $30.7M / $35.2M |
| Active participants, start / end of year | 1,128 / 1,051 |
| Participants with account balances | 1,315 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF San Diego, LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $143,003 reported compensation |
| Concurrent Investment Advisors, LLC | $28,333 reported compensation |
| PKF, LLP | $21,871 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007134849NAL0002516275001, received 2025-10-07, EIN 81-0750751, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.