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Home>401K Directory>Mm Hotel Management Llc Dba Garden City Hotel 401k Plan>Form 5500

MM Hotel Management, LLC d/b/a Garden City Hotel

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information
FORM 5500 DATA

MM Hotel Management, LLC d/b/a Garden City Hotel 401k Plan

Form 5500 Year:

Plan Rating
OverviewFinancialsService ProvidersInvestmentsInsurance Information

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan09/01/1995
  • Net Assets as of 12/31/2019 $7,313,240
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants285
  • Retired or separated participants receiving benefits7
  • Other retired or separated participants entitled to future benefits56
  • Subtotal348
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total348
  • Total number of participants as of 01/01/2019348
  • Number of participants with account balances153
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address45 Seventh Street
  • CityNewyork
  • StateNY
  • Zip10017
  • Telephone(212) 922-1220
  • EIN46-0613544
  • Industry Code721110
  • Named AdministratorMohammed Huda

Audit Information

  • Audit StatusAudited
  • AuditorCaron & Bletzer
  • Auditor EIN04-3499945
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement
Income $1,610,635
Contributions $446,005
Cash Contributions $446,005
Cash from Employers $0
Cash from Participants $446,005
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $1,164,630
Total Interest $37,798
Interest-Bearing Cash $23,137
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $14,661
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $1,126,832
Other Income $0
Expenses $287,582
Total Benefit Payments $249,941
Directly to participants or beneficiaries, including direct rollovers $249,941
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $897
Interest expense $0
Total Administrative Expenses $36,744
Professional Fees $7,550
Contract Administrator Fees $0
Investment Advisory and management fees $18,505
Other Administrative Fees $10,689
Net Income $1,323,053
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $7,313,240 $5,990,187 22.09%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $270,635 $301,137 -10.13%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $5,679,880 $4,324,910 31.33%
Value of funds held in insurance co. general account $1,362,725 $1,364,140 -0.10%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $7,313,240 $5,990,187 22.09%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Massachusetts Mutual Life Insurance

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Mass Mutual Life Insurance Co Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Soft dollars commissions, Other investment fees and expenses, Other services Contract Administrator $18,505 $0 $18,505
Sentinel Pension Advisors Investment advisory (plan) Investment Advisor $10,689 $0 $10,689
Caron & Bletzer, PLLC Accounting (including auditing) Independent Auditors $7,550 $0 $7,550
Robin S. Weingast Contract Administrator Third Party Admin $0 $4,241 $4,241
Total $36,744 $4,241 $40,985

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Robin S. Weingast & Associates, Inc Massachusetts Mutual Life Ins Co Contract Administrator Third Party Administration $4,241
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
500 Index Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $1,149,229
Mid Cap Index Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $613,517
Washington Mutual Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $537,090
Select Mid Cap Gr Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $474,573
Total Return Bond Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $344,693
Mm Sel T. Rowe Price Ret 2050 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $343,628
Europacific Growth Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $322,672
Sycamore Sm Co Oppty Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $280,436
Emerg Market Cr Eq Prtfl Fund Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $243,063
Select Trp/Ls Blue Chip Growth Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $212,479
Mm Sel T. Rowe Price Ret 2025 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $209,892
Small Cap Index Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $197,754
Henderson Triton Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $136,560
Prem Short-Duration Bond Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $128,014
Mm Sel T. Rowe Price Ret 2030 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $92,694
Mm Sel T. Rowe Price Ret 2045 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $72,157
Mm Sel T. Rowe Price Ret 2040 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $67,406
Mm Sel T. Rowe Price Ret 2020 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $59,253
Mm Sel T. Rowe Price Ret 2035 Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $45,433
Premier High Yield Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $39,177
Prem Inflat-Prot and Incm Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $37,911
Intl Intrinsic Value Fund Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $21,973
Global Real Estate Secs Fund Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $21,639
Mm Sel T. Rowe Price Ret Bal Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $18,741
Global Bond Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $9,893
Prem U.S. Gov'T Money Market Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $3
Washington Mutual Invs Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice 2050 Prftl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice 2045 Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice 2040 Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice 2035 Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice 2030 Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Once Choice 2025 Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Intl Intrinsic Value Fund Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice Inret Prt II Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice Inret Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Sycamore Sm Co Oppty Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Mid Cap Value Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Prem Inflat-Prot and Incm Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Europacific Growth Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
One Choice 2020 Prtfl Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Select Equity Opps Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Pro-Blend Ext Trm Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Pro-Blend Max Trm Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Prem Short-Duratoion Bond Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Premier Int'L Equity Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Mm S&P 500Index Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Small Cap Index Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Mid Cap Index Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Mid Cap Gr Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Real Estate Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Pro-Blend Con Trm Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Premier Core Bond Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Discovery Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Intl Bond Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Dvlping Mrkts Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Premier High Yield Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Premier Disciplined Grth Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Pro-Blend Mod Trm Massachusetts Mutual Life Insurance Company DFE: Pooled Separate Account $0
Total $5,679,880

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 153
EIN 04-1590850
Industry Code 65935
Contract Number RM 85809-1
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $1,362,725
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $7,327
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Robin S. Weingast 100 Quentin Roosevelt Blvd. Garden City, NY 11530 Insurance Agent or Broker $6,548 $0
Stephen Grossman 250 West 34th Street New York, NY 10119 Insurance Agent or Broker $779 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $1,364,140
Additions $603,499
Contributions Deposited during the year $445,961
Dividends and credits $0
Interest credited during the year $23,184
Transferred from separate account $0
Other $134,354
Total of Balance and Additions $1,967,639
Deductions $604,914
Disbursed from fund to pay benefits or purchase annuities during the year $46,629
Administration charge made by carrier $11,681
Transferred to Separate Account $543,959
Other $2,645
Balance at the end of the current year $1,362,725