Plan Ledger DOL Form 5500 · updated monthly

Boston Restaurant Associates, Inc.401(k)

BOSTON RESTAURANT ASSOCIATES, INC. 401(K) PLAN · WOBURN, MA · plan year 2022

Employer contribution per participant · 2022
$210

Boston Restaurant Associates, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,111,826 across 96 participant accounts, with employer contributions averaging $210 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Massachusetts (2,481st of 2,726), and 1,175th of 2,240 in accommodation & food services. In 2022, employees put in $5.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,111,826
Participants with balances96
Active participants156
Employer contributions$32,819
Employee contributions$184,886
Employer contribution per active participant$210
Average account balance$32,415
Benefits paid to participants$85,849
Plan auditUnmodified (clean) audit opinion
AuditorBA, INC.
The Boston Restaurant Associates, Inc. 401(k) match · 2022
Employer contribution per active participant$210
Median for plans this size$1,114

Boston Restaurant Associates, Inc.'s 2022 employer contribution ran below the $1,114 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 611162263 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.