Plan Ledger DOL Form 5500 · updated monthly

Boiling Crab Restaurant Group, LLC dba the Boiling Crab401(k)

THE BOILING CRAB 401(K) PLAN · HUNTINGTON BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Boiling Crab Restaurant Group, LLC dba the Boiling Crab reported $44,871 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $293 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 0.49% 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 California (6,157th of 9,483), and the 697th of 2,240 in accommodation & food services. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 425 to 1,000 since 2022.

Plan summary
Net assets, end of year$7,573,401
Participants with balances154
Active participants1,000
Employer contributions$292,779
Employee contributions$597,396
Employer contribution per active participant$293
Average account balance$49,178
Benefits paid to participants$251,518
Plan auditUnmodified (clean) audit opinion
AuditorKATZ CASSIDY, AN ACCOUNTANCY CORP
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 154 accts · $293K emplr
2023$6.2M · 141 accts · $250K emplr
2022$4.5M · 137 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,194
Investment management$18,677
Total administrative$44,871
The Boiling Crab Restaurant Group, LLC dba the Boiling Crab 401(k) match · 2024
Employer contribution per active participant$293
Median for plans this size$1,313
2024$293 per active participant
2023$416 per active participant
2022$481 per active participant

Boiling Crab Restaurant Group, LLC dba the Boiling Crab'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,194
ALLWORTH FINANCIAL · Investment advisory (plan)$18,264

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$44,871 · 0.65%
2023$34,281 · 0.64%
2022$23,109 · 0.49%
Similar plansAccommodation & Food Services · California
Polly's, Inc. CA$7.9M · 0.14%
Zero Cater, Inc. CA$7.8M · 0.05%
Sun Basket, Inc. CA$7.1M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383884294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.