Plan Ledger DOL Form 5500 · updated monthly

Krystal Restaurants LLC401(k)

KRYSTAL RESTAURANTS LLC 401(K) PLAN · DUNWOODY, GA · plan year 2023

Reported admin expense ratio · 2023
1.77%

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

Krystal Restaurants LLC reported $48,759 in plan administrative expenses for 2023: 1.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $9 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 1.68% to 1.47%. 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 Georgia (1,854th of 2,160), and 1,255th of 2,240 in accommodation & food services. In 2023, employees put in $7.23 for every $1.00 the employer contributed; active participation has shrunk from 5,987 to 5,087 since 2022.

Plan summary
Net assets, end of year$2,757,317
Participants with balances165
Active participants5,087
Employer contributions$47,426
Employee contributions$342,982
Employer contribution per active participant$9
Average account balance$16,711
Benefits paid to participants$760,442
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 133 accts · $49K emplr
2023$2.8M · 165 accts · $47K emplr
2022$2.8M · 176 accts · $92K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,759
Total administrative$48,759
The Krystal Restaurants LLC 401(k) match · 2023
Employer contribution per active participant$9
Median for plans this size$1,308
2024$32 per active participant
2023$9 per active participant
2022$15 per active participant

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

Service providers · 20233
OSAIC WEALTH, INC · Investment advisory (plan)$12,940
EMPOWER ADVISORY GROUP, LLC · Investment management$2,609

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

Administrative cost history3
2024$38,559 · 1.47%
2023$48,759 · 1.77%
2022$50,955 · 1.68%
Similar plansAccommodation & Food Services · Georgia
Park Springs, LLC GA$3.1M · 0.64%
Mainline Aviation LLC GA$3.1M · 1.54%
Sterling Restaurants, LLC GA$2.8M · 1.63%
Bold American Food, LLC GA$2.2M · 0.48%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 850988316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.