Plan Ledger DOL Form 5500 · updated monthly

Ben's Restaurant Group, Inc401(k)

BEN'S RESTAURANT GROUP RETIREMENT SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Ben's Restaurant Group, Inc reported $15,174 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $288 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 fell from 0.35% to 0.29%. 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 (4,375th of 5,648), and the 833rd of 2,240 in accommodation & food services. In 2024, employees put in $3.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,532,964
Participants with balances122
Active participants168
Employer contributions$48,333
Employee contributions$165,775
Employer contribution per active participant$288
Average account balance$45,352
Benefits paid to participants$340,497
Plan auditUnmodified (clean) audit opinion
AuditorSKIBBIE CPA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 122 accts · $48K emplr
2023$5.0M · 110 accts · $58K emplr
2022$4.6M · 118 accts · $63K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,046
Trustee / custodial$128
Total administrative$15,174
The Ben's Restaurant Group, Inc 401(k) match · 2024
Employer contribution per active participant$288
Median for plans this size$1,313
2024$288 per active participant
2023$382 per active participant
2022$377 per active participant

Ben's Restaurant Group, Inc'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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$15,046
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$128

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,174 · 0.29%
2023$25,780 · 0.54%
2022$17,632 · 0.35%
Similar plansAccommodation & Food Services · New York
Blueground US, Inc. NY$6.0M · 0.11%
Cater to You, Inc. NY$5.7M · 0.50%
Kasa Living, Inc. NY$5.4M · 0.42%
Dino Hospitality, LLC NY$5.3M · 0.58%
Kelton Enterprises, LLC NY$5.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113412619 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.