Plan Ledger DOL Form 5500 · updated monthly

Liberty House Restaurant Corporation401(k)

LIBERTY HOUSE RESTAURANT CORPORATION 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Liberty House Restaurant Corporation reported $14,490 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,038 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 0.75% to 0.13%. 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 among the smaller plans on file in Georgia (1,179th of 2,160), and the 517th of 2,240 in accommodation & food services. In 2024, employees put in $2.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,045,661
Participants with balances233
Active participants202
Employer contributions$209,681
Employee contributions$597,647
Employer contribution per active participant$1,038
Average account balance$47,406
Benefits paid to participants$1,318,342
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 233 accts · $210K emplr
2023$10.5M · 223 accts · $196K emplr
2022$9.1M · 320 accts · $176K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,490
Total administrative$14,490
The Liberty House Restaurant Corporation 401(k) match · 2024
Employer contribution per active participant$1,038
Median for plans this size$2,416
2024$1,038 per active participant
2023$1,049 per active participant
2022$923 per active participant

Liberty House Restaurant Corporation'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 · 20243
PENSION FINANCIAL SERVICES, INC · Contract administrator · Pension consulting$13,085
IRON FIDUCIARY$11,810
LAMON & STERN · Insurance broker · Other services$2,172

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$14,490 · 0.13%
2023$90,410 · 0.93%
2022$72,279 · 0.75%
Same employer
Similar plansAccommodation & Food Services · Georgia
Tropical Smoothie Cafe, LLC GA$10.4M · 0.49%
Gps Hospitality, LLC GA$4.7M · 1.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581505961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.