Oregon › Accommodation and food services › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Hallmark Inns 401(k) Plan
Sponsored by Hallmark Inns & Resorts, Inc., Lake Oswego, OR
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Hallmark Inns & Resorts, Inc. of Lake Oswego, Oregon sponsors Hallmark Inns 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 292 participants (265 active) and $5.6M in net assets.
Net assets came to $19,311 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $11,807 median for defined contribution plans in accommodation and food services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $169K during the year, or $636 per active participant against a same-size median of $2,017; participants contributed $432K and $186K arrived as rollovers and other contributions. Benefits paid out totalled $615K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $40K: $137 per participant, close to the same-size median of $141. Administrative expenses charged to the plan were $40K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.7M in 2009 to $5.6M in 2024 (up 237%), and participants from 185 to 292 (up 58%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $19,311 | $48,746 | $11,807 | $53,102 |
| Employer contributions per active participant | $636 | $2,017 | $505 | $2,175 |
| Schedule C compensation per participant | $137 | $141 | $54.19 | $123 |
| Schedule C compensation, share of net assets | 0.71% | 0.30% | 0.49% | 0.26% |
| Administrative expenses per participant | $137 | $133 | $53.24 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), accommodation and food services (1,254) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 292 | $5.6M | $19,312 | $169K | $432K | $40K |
| 2023 | 289 | $4.9M | $16,941 | $146K | $434K | $47K |
| 2022 | 376 | $4.3M | $11,348 | $141K | $427K | $39K |
| 2021 | 328 | $3.4M | $10,335 | $113K | $337K | $3,000 |
| 2020 | 255 | $3.8M | $14,890 | $108K | $297K | $1,000 |
| 2019 | 272 | $3.2M | $11,809 | $103K | $258K | $1,000 |
| 2018 | 257 | $3.3M | $12,704 | $108K | $278K | $1,000 |
| 2017 | 238 | $3.3M | $13,660 | $87K | $240K | $1,000 |
| 2016 | 223 | $2.8M | $12,570 | $69K | $189K | $1,000 |
| 2015 | 215 | $2.3M | $10,609 | $64K | $173K | $0 |
| 2014 | 210 | $1.9M | $9,176 | $55K | $141K | $1,000 |
| 2013 | 202 | $2.2M | $10,738 | $46K | $124K | $3,000 |
| 2012 | 167 | $1.9M | $11,263 | $44K | $130K | $6,000 |
| 2011 | 175 | $1.6M | $9,023 | $44K | $125K | $7,000 |
| 2010 | 172 | $1.4M | $8,064 | $38K | $130K | $6,000 |
| 2009 | 185 | $1.7M | $9,049 | $46K | $138K | $6,000 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,895,986
- Employer contributions$168,661
- Participant contributions$431,879
- Rollovers and other contributions$186,228
- Total contributions$786,768
- Total income, including investment results$1,417,942
- Benefits paid$614,503
- Administrative expenses$39,978
- Total expenses$675,014
- Net income$742,928
- Net transfers$0
- Net assets, end of year$5,638,914
Participants
- Active participants265
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits27
- Participants with account balances130
- Total participants, end of year292
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Foster & Wood | Investment advisory (plan) | $22,480 | $0 |
| The Vanguard Group, Inc. | Participant loan processing; Recordkeeping and information management | $17,498 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$22,480
- Contract administrator fees$17,498
- Total administrative expenses$39,978
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$5.4M · 95.4%
- Participant loans$141K · 2.5%
- Cash (interest and non-interest bearing)$79K · 1.4%
- Receivables$37K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmGeffen Mesher & Co.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan3DPre-approved pension plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2FERISA section 404(c) plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 721110: Hotels (except Casino Hotels) & Motels.
Other plans of Hallmark Inns & Resorts, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Hallmark Inns & Resorts, Inc. Employee Stock Ownership Plan | 301 | $3.9M |
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Hallmark Inns & Resorts, Inc. Employee Stock Ownership Plan | Hallmark Inns and Resorts, Inc. | 301 | $3.9M | $13,108 |
| Coho Services 401(k) Plan | North Pacific Management, Inc. | 280 | — | — |
| Escape Lodging, LLC 401(k) Plan | Escape Lodging, LLC | 303 | $3.7M | $12,113 |
| Greentree Enterprises 401(k) Plan | Greentree Enterprises, Inc. | 238 | — | — |
| Elephants Food Group Inc. DBA Elephants Delicatessen 401(k) | Elephants Food Group Inc. | 354 | $4.9M | $13,825 |
| The Allison Inn 401(k) Plan | The Allison Inn & Spa LLC | 190 | $2.5M | $12,938 |
Defined contribution plans in accommodation and food services closest in size.
Questions and answers
How big is Hallmark Inns 401(k) Plan?
292 participants at the end of the plan year ending 30 Sep 2025, of whom 265 were active employees, with net assets of $5,638,914. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Hallmark Inns & Resorts, Inc. contribute per participant?
The filing reports $168,661 in employer contributions for the year, which is $636 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $39,978 in compensation to service provider organisations, $137 per participant or 0.71% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $39,978. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Hallmark Inns & Resorts, Inc.. Recordkeeping or administration: The Vanguard Group, Inc.. Investment advisory or management: Foster & Wood. The financial statements were audited by Geffen Mesher & Co.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 26 Jun 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 91-0852009, plan 001, received 26 Jun 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.