Plan Ledger DOL Form 5500 · updated monthly

Back Yard Burgers401(k)

BACK YARD BURGERS 401(K) PLAN · NASHVILLE, TN · plan year 2022

Reported admin expense ratio · 2022
3.90%

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

Back Yard Burgers reported $6,692 in plan administrative expenses for 2022: 3.90% of average plan assets, higher than ~90% of peers. Employer contributions averaged -$5 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Tennessee (1,476th of 1,496), and 2,072nd of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$166,338
Participants with balances183
Active participants266
Employer contributions-$1,419
Employee contributions$60,100
Employer contribution per active participant-$5
Average account balance$909
Benefits paid to participants$34,492
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$6,692
Total administrative$6,692
The Back Yard Burgers 401(k) match · 2022
Employer contribution per active participant-$5
Median for plans this size$331

Back Yard Burgers's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$6,692 · 3.90%
Similar plansAccommodation & Food Services · Tennessee
Capstone Concepts, LLC TN$881K · 0.44%
Hot & Spicy Holdings, LLC TN$532K · 1.71%
Quantum Restaurants, LLC TN$463K · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821246109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.