Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Restaurant Partners Florida, LLC401(k)

NRP-FL 401(K) RETIREMENT PLAN · TAMPA, FL · plan year 2023

Reported admin expense ratio · 2023
0.77%

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

Neighborhood Restaurant Partners Florida, LLC reported $29,813 in plan administrative expenses for 2023: 0.77% of average plan assets, above the peer median. Employer contributions averaged $45 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 rose from 0.28% to 0.93%. 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 Florida (2,677th of 3,644), and the 1,019th of 2,240 in accommodation & food services. In 2023, employees put in $6.12 for every $1.00 the employer contributed; active participation has grown from 204 to 831 since 2022.

Plan summary
Net assets, end of year$4,020,021
Participants with balances150
Active participants831
Employer contributions$37,676
Employee contributions$230,606
Employer contribution per active participant$45
Average account balance$26,800
Benefits paid to participants$587,579
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 136 accts · $34K emplr
2023$4.0M · 150 accts · $38K emplr
2022$3.8M · 144 accts · $33K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,813
Total administrative$29,813
The Neighborhood Restaurant Partners Florida, LLC 401(k) match · 2023
Employer contribution per active participant$45
Median for plans this size$1,308
2024$25 per active participant
2023$45 per active participant
2022$160 per active participant

Neighborhood Restaurant Partners Florida, 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
ECONOMIC GROUP PENSION SERVICES · Recordkeeping$4,180
LINCOLN NATIONAL CORPORATION · Contract administrator$16,221
MERRILL LYNCH, PIERCE, FENNER & SMI · Investment advisory (plan)$9,411

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

Recordkeeper by year2
2024ECONOMIC GROUP PENSION SERVICES
2023ECONOMIC GROUP PENSION SERVICES

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Administrative cost history3
2024$36,710 · 0.93%
2023$29,813 · 0.77%
2022$12,589 · 0.28%
Same employer
Similar plansAccommodation & Food Services · Florida
Weld, Inc. FL$4.5M · 1.04%
4R Restaurant Group, LLC FL$4.2M · 0.81%
Innisfree Hotels, Inc. FL$4.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454929185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.