Pacifica Hotel 401(k) match, vesting and fees
What Pacifica Hotel's 401(k) plan says about matching contributions
The Company may make discretionary matching contributions as determined by the Board of Directors. During 2024, the Company matched 50% of the participant’s deferral up to a maximum matching contribution equal to 2% of eligible compensation.
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 | Participants are immediately vested in their contributions plus actual earnings thereon. The Company’s discretionary matching contributions plus actual earnings thereon, become 20% vested following two (2) full years of service, as defined, and continue to vest at the rate of 20% for each successive year of service until 100% vested after six (6) years of service, attaining normal retirement age, death or disability. | Audit report, p. 32 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum amount equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from 1 to 5 years or up to 15 years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account. | Audit report, p. 32 ↗ |
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Wright Ford Young & Co (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 228 defined-contribution plans in real estate and rental and leasing with 500 to 999 participants.
| Pacifica Hotel: employer contribution per participant | $412 | |
| Peer median | $1,449 |
| Pacifica Hotel: average balance | $22,722 | |
| Peer median | $44,821 |
| Pacifica Hotel: admin expenses ÷ assets | 0.82% | |
| Peer median | 0.36% |
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 $13.4M at the end of plan year 2021 to $12.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 938 | $12.6M | $229K | $412 | 0.82% | Quoted in the audit report, p. 31 ↗ | Form 5500 ↗ |
| 2023 | 1,400 | $11.5M | $213K | $312 | 1.09% | Not published | Form 5500 ↗ |
| 2022 | 1,450 | $10.8M | $214K | $291 | 1.35% | Not published | Form 5500 ↗ |
| 2021 | 1,062 | $13.4M | $39K | $82 | 1.06% | Not published | Form 5500 ↗ |
Common questions
Does Pacifica Hotel match 401(k) contributions?
The audit report attached to the Pacifica Hotels 401(k) Plan and Trust's plan year 2024 Form 5500, page 31 says: “The Company may make discretionary matching contributions as determined by the Board of Directors. During 2024, the Company matched 50% of the participant’s deferral up to a maximum matching contribution equal to 2% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Pacifica Hotel 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 32 says: “Participants are immediately vested in their contributions plus actual earnings thereon. The Company’s discretionary matching contributions plus actual earnings thereon, become 20% vested following two (2) full years of service, as defined, and continue to vest at the rate of 20% for each successive year of service until 100% vested after six (6) years of service, attaining normal retirement age, death or disability.”
Who manages the Pacifica Hotel 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Pacifica Hotel Company.
I left Pacifica Hotel. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Pacifica Hotel Company, (949) 381-5462) or the recordkeeper, Empower Annuity Insurance Company. The Pacifica Hotel old 401(k) page lists the contacts from every plan filing. Find an old Pacifica Hotel 401(k)
Data from the public Form 5500 annual reports Pacifica Hotel filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Pacifica Hotel. Not financial advice. Report a correction · Methodology