Plan Ledger DOL Form 5500 · updated monthly

Big Steaks Management, LLC.401(k)

BIG STEAKS MANAGEMENT, LLC. 401(K) PLAN · PIKESVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Big Steaks Management, LLC. reported $6,345 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $608 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 3 years on file its reported administrative ratio has held roughly steady near 0.27%. 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 Maryland (1,469th of 1,671), and 1,261st of 2,240 in accommodation & food services. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 227 to 260 since 2022.

Plan summary
Net assets, end of year$2,719,887
Participants with balances158
Active participants260
Employer contributions$158,021
Employee contributions$345,047
Employer contribution per active participant$608
Average account balance$17,214
Benefits paid to participants$41,803
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 158 accts · $158K emplr
2023$2.0M · 112 accts · $128K emplr
2022$1.3M · 103 accts · $109K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,345
Total administrative$6,345
The Big Steaks Management, LLC. 401(k) match · 2024
Employer contribution per active participant$608
Median for plans this size$1,313
2024$608 per active participant
2023$501 per active participant
2022$480 per active participant

Big Steaks Management, LLC.'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.

Administrative cost history3
2024$6,345 · 0.27%
2023$3,320 · 0.20%
2022$3,356 · 0.26%
Similar plansAccommodation & Food Services · Maryland
Fager's Island LTD. MD$2.2M · 0.27%
Mount Vernon Mansion, LLC MD$1.2M · 0.28%
Glory Days, Inc. MD$1.1M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 522107419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.