Plan Ledger DOL Form 5500 · updated monthly

Gulf Coast Restaurant Group, Inc.401(k)

GULF COAST RESTAURANT GROUP, INC. 401(K) PLAN · GULFPORT, MS · plan year 2022

Reported admin expense ratio · 2022
1.09%

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

Gulf Coast Restaurant Group, Inc. reported $10,559 in plan administrative expenses for 2022: 1.09% of average plan assets, above the peer median. Employer contributions averaged $51 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 1 year on file its reported administrative ratio fell from 1.19% to 1.09%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Mississippi (350th of 367), and 1,725th of 2,240 in accommodation & food services. In 2022, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,004,176
Participants with balances84
Active participants1,675
Employer contributions$85,499
Employee contributions$228,573
Employer contribution per active participant$51
Average account balance$11,954
Benefits paid to participants$67,506
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER, VAN LOON, SLOAN, LEVENS
Plan history2
Yearassets · accounts · employer contribution
2022$1.0M · 84 accts · $85K emplr
2021$933K · 70 accts · $78K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$10,559
Total administrative$10,559
The Gulf Coast Restaurant Group, Inc. 401(k) match · 2022
Employer contribution per active participant$51
Median for plans this size$331
2022$51 per active participant
2021$52 per active participant

Gulf Coast Restaurant Group, Inc.'s 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$10,559 · 1.09%
2021$9,118 · 1.19%
Same employer
Similar plansAccommodation & Food Services · Mississippi
Ten D Enterprises, Inc. MS$2.2M · 1.08%
Perimeter Foods MS$1.5M · 0.07%
A.M.C. Management Corp. SC$1.0M · 0.59%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 943484450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.