Plan Ledger DOL Form 5500 · updated monthly

Jem Restaurant Management Corporation401(k)

JEM RESTAURANT MANAGEMENT CORPORATION 401(K) PLAN · FRESNO, CA · plan year 2023

Reported admin expense ratio · 2023
0.83%

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

Jem Restaurant Management Corporation reported $51,573 in plan administrative expenses for 2023: 0.83% of average plan assets, higher than ~75% of peers. Employer contributions averaged $847 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 0.79% to 1.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in California (6,461st of 9,483), and the 754th of 2,240 in accommodation & food services. In 2023, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,609,539
Participants with balances388
Active participants404
Employer contributions$342,142
Employee contributions$503,002
Employer contribution per active participant$847
Average account balance$17,035
Benefits paid to participants$818,713
Plan auditUnmodified (clean) audit opinion
AuditorDEMERA DEMERA CAMERON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 314 accts · $355K emplr
2023$6.6M · 388 accts · $342K emplr
2022$5.8M · 364 accts · $333K emplr
Administrative expenses, itemized · 2023
Investment management$51,573
Total administrative$51,573
The Jem Restaurant Management Corporation 401(k) match · 2023
Employer contribution per active participant$847
Median for plans this size$1,308
2024$799 per active participant
2023$847 per active participant
2022$856 per active participant

Jem Restaurant Management Corporation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA RETIREMENT SOLUTIONS L · Recordkeeping · Loan processing$44,747
NEXUS ADMINISTRATORS, INC. · Recordkeeping · Loan processing$6,826
LPL FINANCIAL · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024NEXUS ADMINISTRATORS, INC., Transamerica
2023NEXUS ADMINISTRATORS, INC., Transamerica

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Administrative cost history3
2024$71,935 · 1.09%
2023$51,573 · 0.83%
2022$48,139 · 0.79%
Same employer
Similar plansAccommodation & Food Services · California
Sun Basket, Inc. CA$7.1M · 0.32%
Bel Air Bay Club, LTD. CA$6.6M · 0.52%
Equator Coffees, LLC CA$6.1M · 0.64%
Pressed Juicery, Inc. CA$6.0M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942217688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.