Plan Ledger DOL Form 5500 · updated monthly

Mackay Restaurant Management Group, Inc.401(k)

FIRE & VINE HOSPITALITY 401(K) PROFIT SHARING PLAN · SEATTLE, WA · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Mackay Restaurant Management Group, Inc. reported $53,809 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. Employer contributions averaged $1,775 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 rose from 0.56% to 0.62%. 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 Washington (1,086th of 1,714), and the 570th of 2,240 in accommodation & food services. In 2023, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,777,374
Participants with balances286
Active participants266
Employer contributions$472,266
Employee contributions$923,713
Employer contribution per active participant$1,775
Average account balance$34,187
Benefits paid to participants$521,068
Plan auditUnmodified (clean) audit opinion
AuditorVERITY ACCOUNTANCY, PC
Plan history2
Yearassets · accounts · employer contribution
2023$9.8M · 286 accts · $472K emplr
2022$7.5M · 270 accts · $390K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,774
Investment management$21,085
Total administrative$53,809
The Mackay Restaurant Management Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,775
Median for plans this size$1,308
2023$1,775 per active participant
2022$1,823 per active participant

Mackay Restaurant Management Group, Inc.'s 2023 employer contribution ran above 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 · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,369
MERRILL LYNCH · Investment advisory (participants)$21,085

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

Administrative cost history2
2023$53,809 · 0.62%
2022$43,629 · 0.56%
Same employer
Similar plansAccommodation & Food Services · Washington
Mod Super Fast Pizza, LLC WA$12.7M · 3.01%
Northwest Restaurants, Inc WA$11.4M · 0.59%
E3 Co Restaurant Group WA$10.4M · 0.07%
3MR Restaurants, Inc. WA$10.0M · 0.39%
Accord, Inc. WA$9.4M · 0.57%
Hollander Hospitality LLC WA$8.9M · 0.06%
Aboda, Inc. WA$8.7M · 0.46%
Burgerville, LLC WA$8.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912041020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.