Plan Ledger DOL Form 5500 · updated monthly

Freeland Group Restaurants, Inc.401(k)

FREELAND GROUP RESTAURANTS 401(K) PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Freeland Group Restaurants, Inc. reported $140,019 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $152 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 0.72% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 535th-largest of 1,562 plans among Indiana employers on file, and the 282nd of 2,240 in accommodation & food services. In 2024, employees put in $6.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,479,562
Participants with balances1,808
Active participants749
Employer contributions$114,138
Employee contributions$733,529
Employer contribution per active participant$152
Average account balance$11,880
Benefits paid to participants$1,629,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 1,808 accts · $114K emplr
2023$19.9M · 1,872 accts · $195K emplr
2022$17.1M · 1,639 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,781
Trustee / custodial$10,238
Total administrative$140,019
The Freeland Group Restaurants, Inc. 401(k) match · 2024
Employer contribution per active participant$152
Median for plans this size$2,416
2024$152 per active participant
2023$267 per active participant
2022$204 per active participant

Freeland Group Restaurants, Inc.'s 2024 employer contribution ran below the $2,416 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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$129,781
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$10,238

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$140,019 · 0.68%
2023$124,661 · 0.67%
2022$121,093 · 0.72%
Same employer
Similar plansAccommodation & Food Services · Indiana
Quality Dining, Inc. IN$23.3M · 0.28%
Steak N Shake Inc. IN$17.5M · 0.79%
General Hotels Corporation IN$10.8M · 0.32%
Hmr Acquisition Co Inc IN$8.8M · 0.77%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 862697906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.