Hyatt 401(k) match, vesting and fees
What Hyatt's 401(k) plan says about matching contributions
Employer Contributions: The Company provides a matching contribution during each pay date equal to 100% of that portion of the participant’s pre-tax and Roth contributions for such payroll period not exceeding 3% of the participant’s eligible compensation, plus 50% of the participant’s pre-tax and Roth contributions that are between 3% and 5% of the participant’s eligible compensation for such payroll period. Participants that retire, die, or become disabled are also eligible for the matching contribution.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 31 ↗ |
| Match vesting | Vesting: Participants are immediately vested in their contributions and Company matching contributions plus actual earnings thereon. | Audit report, p. 31 ↗ |
| Automatic enrollment | Effective June 1, 2024, any employees who become eligible for the Plan on or after that date will be automatically enrolled into the Plan at a pre-tax deferral rate of 1%, unless they opt out or elect a different rate. That deferral rate will automatically increase by 1% on March 1st of each subsequent year, unless the participant opts out or elects otherwise. | Audit report, p. 31 ↗ |
| Roth contributions | Employee Contributions: Participants may elect to contribute, on a pre-tax or after-tax (Roth) basis, up to 75% of their eligible compensation, not to exceed the limitations established by the Internal Revenue Code (IRC), which was $23,000 in 2024. | Audit report, p. 31 ↗ |
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 19 defined-contribution plans in accommodation and food services with 10,000 to 49,999 participants.
| Hyatt: employer contribution per participant | $1,494 | |
| Peer median | $1,270 |
| Hyatt: average balance | $81,405 | |
| Peer median | $40,457 |
| Hyatt: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.13% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.3B at the end of plan year 2023 to $2.5B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 45,742 | $2.5B | $45.8M | $1,494 | 0.05% | Quoted in the audit report, p. 31 ↗ | Form 5500 ↗ |
| 2023 | 44,487 | $2.3B | $41M | $1,623 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Hyatt match 401(k) contributions?
The audit report attached to the Hyatt Corporation Retirement Savings Plan's plan year 2024 Form 5500, page 31 says: “Employer Contributions: The Company provides a matching contribution during each pay date equal to 100% of that portion of the participant’s pre-tax and Roth contributions for such payroll period not exceeding 3% of the participant’s eligible compensation, plus 50% of the participant’s pre-tax and Roth contributions that are between 3% and 5% of the participant’s eligible compensation for such payroll period. Participants that retire, die, or become disabled are also eligible for the matching contribution.” Plan terms may have changed; check your current Summary Plan Description.
When is the Hyatt 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 31 says: “Vesting: Participants are immediately vested in their contributions and Company matching contributions plus actual earnings thereon.”
Who manages the Hyatt 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Hyatt Corporation.
I left Hyatt. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hyatt Corporation, (312) 750-1234) or the recordkeeper, T Rowe Price Rps Inc. The Hyatt old 401(k) page lists the contacts from every plan filing. Find an old Hyatt 401(k)
Data from the public Form 5500 annual reports Hyatt filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Hyatt. Not financial advice. Report a correction · Methodology