Plan Ledger DOL Form 5500 · updated monthly

J. Foley Enterprises, Inc.401(k)

THE CLEARMAN'S RESTAURANT GROUP 401K RETIREMENT PLAN · WHITTIER, CA · plan year 2024

Reported admin expense ratio · 2024
1.72%

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

J. Foley Enterprises, Inc. reported $73,457 in plan administrative expenses for 2024: 1.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,031 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 0.07% to 1.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in California (7,069th of 9,483), and the 906th of 2,240 in accommodation & food services. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has shrunk from 270 to 214 since 2022.

Plan summary
Net assets, end of year$4,799,937
Participants with balances108
Active participants214
Employer contributions$220,673
Employee contributions$497,451
Employer contribution per active participant$1,031
Average account balance$44,444
Benefits paid to participants$189,871
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 108 accts · $221K emplr
2023$3.7M · 107 accts
2022$2.9M · 101 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,752
Investment management$10,705
Total administrative$73,457
The J. Foley Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$1,031
Median for plans this size$1,313
2024$1,031 per active participant
2022$799 per active participant

J. Foley Enterprises, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
ADP, INC. · Loan processing · Recordkeeping$62,752
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$10,705

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

Recordkeeper by year2
2024ADP, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP

This plan has changed recordkeepers within these filings. If you left J. Foley Enterprises, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$73,457 · 1.72%
2023$3,027 · 0.09%
2022$2,006 · 0.07%
Similar plansAccommodation & Food Services · California
The Brigantine, Inc. CA$5.2M · 0.69%
Mina Group LLC CA$4.9M · 0.10%
Zume, Inc. CA$4.7M · 0.46%
Sbe Restaurant Group LLC CA$4.4M · 1.90%
Kura Sushi USA, Inc. CA$4.4M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951692084 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.