Plan Ledger DOL Form 5500 · updated monthly

Millennial Restaurant Group, LLC401(k)

MILLENNIAL RESTAURANT GROUP 401(K) RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
1.76%

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

Millennial Restaurant Group, LLC reported $37,605 in plan administrative expenses for 2024: 1.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $207 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 2.55% to 1.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Kentucky (761st of 871), and 4,569th of 5,215 in retail trade. In 2024, employees put in $2.54 for every $1.00 the employer contributed; active participation has grown from 284 to 426 since 2022.

Plan summary
Net assets, end of year$2,327,404
Participants with balances130
Active participants426
Employer contributions$88,117
Employee contributions$223,715
Employer contribution per active participant$207
Average account balance$17,903
Benefits paid to participants$144,191
Plan auditUnmodified (clean) audit opinion
AuditorMONROE SHINE & CO., INC.
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 130 accts · $88K emplr
2023$1.9M · 130 accts · $97K emplr
2022$1.5M · 132 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,958
Investment management$431
Total administrative$37,605
The Millennial Restaurant Group, LLC 401(k) match · 2024
Employer contribution per active participant$207
Median for plans this size$1,313
2024$207 per active participant
2023$369 per active participant
2022$321 per active participant

Millennial Restaurant Group, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
WILSHIRE ASSOCIATES INC (USA) · Investment advisory (participants)$431

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,605 · 1.76%
2023$25,650 · 1.51%
2022$37,925 · 2.55%
Same employer
Similar plansRetail Trade · Kentucky
T-G Enterprises, Inc. KY$2.8M · 0.55%
United Propane Gas, Inc. KY$1.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463468053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.