Overview

Plan Rating

BrightScope Rating
30
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (16)
Average in Peer Group (48)
Highest in Peer Group (76)

Plan Description

Palafox Hospitality, Ltd. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 30. This plan is in the top 35% of plans for Participation Rate. Palafox Hospitality, Ltd. 401k Plan currently has over 100 active participants and over $605.3K in plan assets.

Did you know?

For the average 401k participant, the 46 point difference between this plan's BrightScope Rating (30) and the top rated plan (76) could equate to:
18
Additional years of work
364,373
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2010
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 303 West Wall Avenue, Suite 1800
  • Location
    Midland , TX
  • 79701-5116
  • Industry
    Hotels (except Casino Hotels) and Motels
  • Administrator
    Lynda James
  • Net Plan Assets
    $610,000
  • Total Participants
    170
  • Avg Account Balance
    $3,900

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Below Avg.

Performance

Participation Rate:
Above Average
Salary Deferrals:
Poor
Account Balance:
Poor

Design

Total Plan Cost:
High Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Great
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.
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Investments

Investment Menu Stats

# of Investment Options

18

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
TD Bank USA Institutional MMDA 29%
N/A
Vanguard 500 Index 12%
17%
Participant Loans 10%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Administration
Verisight, Inc.
Recordkeeper
Verisight, Inc.
Auditor
Patrick & Buzarellos, LLP