Plan Ledger DOL Form 5500 · updated monthly

Bros Management, Inc. dba Cochran Family McDonald's401(k)

BROS MANAGEMENT 401(K) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
2.09%

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

Bros Management, Inc. dba Cochran Family McDonald's reported $9,677 in plan administrative expenses for 2024: 2.09% of average plan assets, above the peer median. Employer contributions averaged $103 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 1.87% to 2.09%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Tennessee (1,448th of 1,496), and 1,892nd of 2,240 in accommodation & food services. In 2024, employees put in $4.51 for every $1.00 the employer contributed; active participation has grown from 274 to 388 since 2022.

Plan summary
Net assets, end of year$533,013
Participants with balances163
Active participants388
Employer contributions$40,043
Employee contributions$180,658
Employer contribution per active participant$103
Average account balance$3,270
Benefits paid to participants$132,236
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$533K · 163 accts · $40K emplr
2023$393K · 192 accts · $43K emplr
2022$159K · 154 accts · $28K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,677
Total administrative$9,677
The Bros Management, Inc. dba Cochran Family McDonald's 401(k) match · 2024
Employer contribution per active participant$103
Median for plans this size$540
2024$103 per active participant
2023$128 per active participant
2022$104 per active participant

Bros Management, Inc. dba Cochran Family McDonald's's 2024 employer contribution ran below the $540 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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$9,677

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$9,677 · 2.09%
2023$11,057 · 4.01%
2022$2,984 · 1.87%
Similar plansAccommodation & Food Services · Tennessee
Loveless Cafe, LLC TN$1.3M · 0.22%
Corkys Bar-B-Que, LLC TN$1.0M · 0.93%
Capstone Concepts, LLC TN$881K · 0.44%
Hot & Spicy Holdings, LLC TN$532K · 1.71%
Quantum Restaurants, LLC TN$463K · 0.15%
Back Yard Burgers TN$166K · 3.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621708775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.