Plan Ledger DOL Form 5500 · updated monthly

MD Restaurant Group Inc.401(k)

MD RESTAURANT GROUP 401(K) PLAN · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

MD Restaurant Group Inc. reported $15,691 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $664 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 2.63% to 0.61%. 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 Illinois (3,234th of 3,702), and 1,209th of 2,240 in accommodation & food services. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,963,142
Participants with balances170
Active participants274
Employer contributions$181,976
Employee contributions$323,780
Employer contribution per active participant$664
Average account balance$17,430
Benefits paid to participants$124,467
Plan auditUnmodified (clean) audit opinion
AuditorMBE CPAS, LLP
Plan history2
Yearassets · accounts · employer contribution
2024$3.0M · 170 accts · $182K emplr
2022$1.5M · 92 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,425
Investment management$13,266
Total administrative$15,691
The MD Restaurant Group Inc. 401(k) match · 2024
Employer contribution per active participant$664
Median for plans this size$1,313
2024$664 per active participant
2022$578 per active participant

MD Restaurant Group 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$10,410
EMPOWER ADVISORY GROUP, LLC · Investment management$2,856

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

Administrative cost history2
2024$15,691 · 0.61%
2022$38,423 · 2.63%
Same employer
Similar plansAccommodation & Food Services · Illinois
Rfmbg Lincolnshire LLC IL$3.9M · 0.38%
Blue Plate Catering, LTD. IL$3.2M · 1.00%
Chr Employees, LLC IL$3.1M · 1.40%
Maxby Hospitality, Inc. IL$3.1M · 1.04%
McGraw Enterprises Inc IL$2.9M · 0.78%
College Fresh, Inc. IL$2.7M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823276170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.