Plan Ledger DOL Form 5500 · updated monthly

Acr Restaurants, Inc.401(k)

ACR RESTAURANTS, INC. 401(K) PROFIT SHARING PLAN · LITTLE CANADA, MN · plan year 2024

Reported admin expense ratio · 2024
0.99%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Acr Restaurants, Inc. reported $66,208 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $951 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.88% to 0.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,449th of 1,918), and the 726th of 2,240 in accommodation & food services. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,043,072
Participants with balances74
Active participants74
Employer contributions$70,339
Employee contributions$160,431
Employer contribution per active participant$951
Average account balance$95,177
Benefits paid to participants$212,931
Plan auditUnmodified (clean) audit opinion
AuditorLETHERT, SKWIRA, SCHULTZ & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 74 accts · $70K emplr
2023$6.3M · 121 accts · $271K emplr
2022$5.9M · 113 accts · $302K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,756
Investment management$32,979
Total administrative$66,208
The Acr Restaurants, Inc. 401(k) match · 2024
Employer contribution per active participant$951
Median for plans this size$1,313
2024$951 per active participant
2023$3,526 per active participant
2022$4,193 per active participant

Acr Restaurants, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
SAGEVIEW ADVISORY GROUP · Investment advisory (plan)$13,907
NFP · Contract administrator$6,891

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$66,208 · 0.99%
2023$80,519 · 1.32%
2022$62,054 · 0.88%
Similar plansAccommodation & Food Services · Minnesota
Grandma's Inc MN$5.1M · 0.49%
Seward Co-Op MN$4.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411614171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.