Plan Ledger DOL Form 5500 · updated monthly

Great American Restaurants, Inc.401(k)

GREAT AMERICAN RESTAURANTS PROFIT SHARING PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Great American Restaurants, Inc. reported $51,365 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $364 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 3 years on file its reported administrative ratio has held roughly steady near 0.289%. 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 1,029th-largest of 2,266 plans among Virginia employers on file, and the 319th of 2,240 in accommodation & food services. In 2024, employees put in $2.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,889,860
Participants with balances194
Active participants745
Employer contributions$271,078
Employee contributions$683,034
Employer contribution per active participant$364
Average account balance$97,370
Benefits paid to participants$1,033,872
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 194 accts · $271K emplr
2023$16.7M · 200 accts · $267K emplr
2022$14.0M · 197 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,296
Trustee / custodial$46,069
Total administrative$51,365
The Great American Restaurants, Inc. 401(k) match · 2024
Employer contribution per active participant$364
Median for plans this size$2,416
2024$364 per active participant
2023$350 per active participant
2022$324 per active participant

Great American 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (directed)$51,365

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$51,365 · 0.29%
2023$46,085 · 0.30%
2022$45,750 · 0.29%
Same employer
Similar plansAccommodation & Food Services · Virginia
Guest Services, Inc. VA$39.6M · 0.49%
Ssp America, Inc. VA$26.1M · 0.46%
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%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541025525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.