Plan Ledger DOL Form 5500 · updated monthly

Ark Restaurants Corp.401(k)

ARK RESTAURANTS CORP. 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Ark Restaurants Corp. reported $47,416 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.56% to 0.65%. 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 New York (3,982nd of 5,648), and the 693rd of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$7,609,931
Participants with balances341
Active participants1,601
Employer contributions$0
Employee contributions$432,840
Employer contribution per active participant$0
Average account balance$22,317
Benefits paid to participants$681,453
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 341 accts
2023$6.9M · 384 accts · $20K emplr
2022$6.2M · 114 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,416
Investment management$30,000
Total administrative$47,416
The Ark Restaurants Corp. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Ark Restaurants Corp.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20242
STONE HILL FIDUCIARY · Investment advisory (plan)$30,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$17,416

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$47,416 · 0.65%
2023$41,697 · 0.63%
2022$38,159 · 0.56%
Same employer
Similar plansAccommodation & Food Services · New York
Molloy Bros Trucking Inc NY$8.7M · 0.69%
Daily Harvest, Inc. NY$8.3M · 0.44%
The Cottage Corporation NY$7.7M · 0.58%
Hudson River Inn, LLC NY$7.7M · 1.01%
FOOD52 Inc. NY$7.5M · 0.81%
Sagl LLC NY$6.7M · 0.95%
White Management Corp. NY$6.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133156768 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.