Plan Ledger DOL Form 5500 · updated monthly

Boyer Restaurants, Inc.401(k)

BOYER RESTAURANTS, INC. 401(K) PLAN · WATERLOO, IA · plan year 2020

Reported admin expense ratio · 2020
0.42%

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

Boyer Restaurants, Inc. reported $15,531 in plan administrative expenses for 2020: 0.42% of average plan assets, above the peer median. Employer contributions averaged $100 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 4 years on file its reported administrative ratio rose from 0.02% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 294 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Iowa (733rd of 878), and the 1,016th of 2,240 in accommodation & food services. In 2020, employees put in $3.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,041,334
Participants with balances40
Active participants188
Employer contributions$18,783
Employee contributions$65,471
Employer contribution per active participant$100
Average account balance$101,033
Benefits paid to participants$36,031
Plan auditDisclaimer of opinion
AuditorHANCOCK & DANA, PC
Plan history4
Yearassets · accounts · employer contribution
2022$3.7M · 42 accts · $22K emplr
2020$4.0M · 40 accts · $19K emplr
2019$3.4M · 48 accts · $24K emplr
2018$2.7M · 51 accts · $24K emplr
Administrative expenses, itemized · 2020
Recordkeeping & contract admin$15,531
Total administrative$15,531
The Boyer Restaurants, Inc. 401(k) match · 2020
Employer contribution per active participant$100
Median for plans this size$893
2022$122 per active participant
2020$100 per active participant
2019$119 per active participant
2018$129 per active participant

Boyer Restaurants, Inc.'s 2020 employer contribution ran below the $893 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 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2022$20,644 · 0.49%
2020$15,531 · 0.42%
2019$10,529 · 0.35%
2018$488 · 0.02%
Similar plansAccommodation & Food Services · Iowa
Peter Joseph, Inc. IA$4.9M · 0.02%
New Horizon Food Services IA$4.0M · 0.20%
Beaton, Inc. IA$3.8M · 1.03%
Parco, LTD. IA$2.6M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823458770 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.