Plan Ledger DOL Form 5500 · updated monthly

Both Inc. dba Golden Corral401(k)

BOTH, INC. 401 (K) PLAN · VIRGINIA BEACH, VA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Both Inc. dba Golden Corral reported $49,842 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $302 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 0.62% to 0.53%. 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 Virginia (1,493rd of 2,266), and the 580th of 2,240 in accommodation & food services. In 2024, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,549,000
Participants with balances248
Active participants410
Employer contributions$123,938
Employee contributions$281,389
Employer contribution per active participant$302
Average account balance$38,504
Benefits paid to participants$1,386,596
Plan auditUnmodified (clean) audit opinion
AuditorZUKERMAN & ASSOCIATES, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 248 accts · $124K emplr
2023$9.4M · 281 accts · $118K emplr
2022$8.4M · 302 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,342
Investment management$8,500
Total administrative$49,842
The Both Inc. dba Golden Corral 401(k) match · 2024
Employer contribution per active participant$302
Median for plans this size$1,313
2024$302 per active participant
2023$287 per active participant

Both Inc. dba Golden Corral'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 · 20241
JOHN HANCOCK USA · Recordkeeping$2,854

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$49,842 · 0.53%
2023$52,890 · 0.59%
2022$58,230 · 0.62%
Same employer
Similar plansAccommodation & Food Services · Virginia
Hilton International LLC VA$23.6M · 0.06%
Uva Host Properties, Inc. VA$12.8M · 0.16%
Meriwether-Godsey, Inc. VA$10.4M · 0.11%
Natural Retreats US LLC VA$8.5M · 0.65%
Shamin Management, LLC VA$7.6M · 0.50%
Our Town Hospitality, LLC VA$6.0M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541633868 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.