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COMMUNE HOTELS AND RESORTS 401(K) PLAN 401k Plan overview

Plan NameCOMMUNE HOTELS AND RESORTS 401(K) PLAN
Plan identification number 001

COMMUNE HOTELS AND RESORTS 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

COMMUNE HOTELS AND RESORTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:COMMUNE HOTELS AND RESORTS, LLC
Employer identification number (EIN):463507312
NAIC Classification:721110
NAIC Description:Hotels (except Casino Hotels) and Motels

Additional information about COMMUNE HOTELS AND RESORTS, LLC

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: 201224410054

More information about COMMUNE HOTELS AND RESORTS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNE HOTELS AND RESORTS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01OMAR PALACIOS2021-06-09
0012014-01-01GREG SMITH
0012013-01-01GREG SMITH

Plan Statistics for COMMUNE HOTELS AND RESORTS 401(K) PLAN

401k plan membership statisitcs for COMMUNE HOTELS AND RESORTS 401(K) PLAN

Measure Date Value
2015: COMMUNE HOTELS AND RESORTS 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013,350
Total number of active participants reported on line 7a of the Form 55002015-01-012,003
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01449
Total of all active and inactive participants2015-01-012,452
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-012,453
Number of participants with account balances2015-01-01932
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0132
2014: COMMUNE HOTELS AND RESORTS 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013,597
Total number of active participants reported on line 7a of the Form 55002014-01-012,995
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01355
Total of all active and inactive participants2014-01-013,350
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-013,350
Number of participants with account balances2014-01-01984
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0138
2013: COMMUNE HOTELS AND RESORTS 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013,485
Total number of active participants reported on line 7a of the Form 55002013-01-013,019
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01439
Total of all active and inactive participants2013-01-013,458
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013,458
Number of participants with account balances2013-01-011,013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0152

Financial Data on COMMUNE HOTELS AND RESORTS 401(K) PLAN

Measure Date Value
2015 : COMMUNE HOTELS AND RESORTS 401(K) PLAN 2015 401k financial data
Total transfer of assets from this plan2015-12-31$4,842,977
Total income from all sources (including contributions)2015-12-31$4,502,651
Total of all expenses incurred2015-12-31$3,125,046
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,051,548
Expenses. Certain deemed distributions of participant loans2015-12-31$43,030
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,607,892
Value of total assets at end of year2015-12-31$18,168,356
Value of total assets at beginning of year2015-12-31$21,633,728
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$30,468
Total interest from all sources2015-12-31$11,438
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$245,174
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$245,174
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,606,525
Participant contributions at end of year2015-12-31$244,489
Participant contributions at beginning of year2015-12-31$478,085
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$567,499
Other income not declared elsewhere2015-12-31$6,734
Administrative expenses (other) incurred2015-12-31$30,468
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,377,605
Value of net assets at end of year (total assets less liabilities)2015-12-31$18,168,356
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$21,633,728
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$3,509,988
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$7,994,501
Value of interest in pooled separate accounts at end of year2015-12-31$13,838,255
Value of interest in pooled separate accounts at beginning of year2015-12-31$12,732,620
Income. Interest from loans (other than to participants)2015-12-31$11,438
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$575,624
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$428,522
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-169,490
Net investment gain/loss from pooled separate accounts2015-12-31$-199,097
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,433,868
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,051,548
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31RINA ACCOUNTANCY LLP
Accountancy firm EIN2015-12-31943158857
2014 : COMMUNE HOTELS AND RESORTS 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets from this plan2014-12-31$2,126,311
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$5,782,862
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,446,243
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,426,367
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$4,503,229
Value of total assets at end of year2014-12-31$21,633,728
Value of total assets at beginning of year2014-12-31$20,423,420
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$19,876
Total interest from all sources2014-12-31$11,865
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$496,923
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$496,923
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$2,436,052
Participant contributions at end of year2014-12-31$478,085
Participant contributions at beginning of year2014-12-31$384,270
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$857,953
Other income not declared elsewhere2014-12-31$172,593
Administrative expenses (other) incurred2014-12-31$19,876
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$3,336,619
Value of net assets at end of year (total assets less liabilities)2014-12-31$21,633,728
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$20,423,420
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$7,994,501
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$8,512,849
Value of interest in pooled separate accounts at end of year2014-12-31$12,732,620
Value of interest in pooled separate accounts at beginning of year2014-12-31$10,406,402
Interest on participant loans2014-12-31$11,865
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$877,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$877,446
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$428,522
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$242,453
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-118,915
Net investment gain/loss from pooled separate accounts2014-12-31$717,167
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,209,224
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,426,367
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31RINA ACCOUNTANCY CORPORATION
Accountancy firm EIN2014-12-31943158857
2013 : COMMUNE HOTELS AND RESORTS 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$16,240,529
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$6,689,185
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$2,506,294
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$2,477,080
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,780,633
Value of total assets at end of year2013-12-31$20,423,420
Value of total assets at beginning of year2013-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$29,214
Total interest from all sources2013-12-31$396,468
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$2,175,128
Participant contributions at end of year2013-12-31$384,270
Participant contributions at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$521,239
Administrative expenses (other) incurred2013-12-31$29,214
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$4,182,891
Value of net assets at end of year (total assets less liabilities)2013-12-31$20,423,420
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$8,512,849
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$0
Value of interest in pooled separate accounts at end of year2013-12-31$10,406,402
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$15,860
Interest earned on other investments2013-12-31$380,608
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$877,446
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$242,453
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,001,252
Net investment gain/loss from pooled separate accounts2013-12-31$1,510,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,084,266
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$2,477,080
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31AUDIT AND TAX SOLUTIONS, CPA'S INC.
Accountancy firm EIN2013-12-31943211753

Form 5500 Responses for COMMUNE HOTELS AND RESORTS 401(K) PLAN

2015: COMMUNE HOTELS AND RESORTS 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: COMMUNE HOTELS AND RESORTS 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: COMMUNE HOTELS AND RESORTS 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01First time form 5500 has been submittedYes
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number942906-01
Policy instance 1
Insurance contract or identification number942906-01
Number of Individuals Covered857
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Other welfare benefits providedGROUP ANNUITY CONTRACT
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number942906-01
Policy instance 1
Insurance contract or identification number942906-01
Number of Individuals Covered987
Insurance policy start date2016-01-01
Insurance policy end date2016-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number942906-01
Policy instance 1
Insurance contract or identification number942906-01
Number of Individuals Covered736
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $43,169
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $43,169
Insurance broker organization code?3

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