Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Restaurant Partners, LLC401(k)

NEIGHBORHOOD RESTAURANT PARTNERS, LLC 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Neighborhood Restaurant Partners, LLC reported $49,672 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $84 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 0.33% to 0.86%. 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 Florida (2,348th of 3,644), and the 805th of 2,240 in accommodation & food services. In 2024, employees put in $4.06 for every $1.00 the employer contributed; active participation has shrunk from 929 to 781 since 2022.

Plan summary
Net assets, end of year$5,860,129
Participants with balances133
Active participants781
Employer contributions$65,833
Employee contributions$267,037
Employer contribution per active participant$84
Average account balance$44,061
Benefits paid to participants$961,129
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 133 accts · $66K emplr
2023$5.7M · 143 accts · $88K emplr
2022$5.2M · $107K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,672
Total administrative$49,672
The Neighborhood Restaurant Partners, LLC 401(k) match · 2024
Employer contribution per active participant$84
Median for plans this size$1,313
2024$84 per active participant
2023$96 per active participant
2022$115 per active participant

Neighborhood Restaurant Partners, 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 · 20243
ECONOMIC GROUP PENSION SERVICES · Recordkeeping$10,856
LINCOLN NATIONAL CORPORATION · Contract administrator$24,120
MERRILL LYNCH, PIERCE, FENNER & SMI · Investment advisory (plan)$14,696

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$49,672 · 0.86%
2023$43,705 · 0.80%
2022$18,543 · 0.33%
Same employer
Similar plansAccommodation & Food Services · Florida
Royals, Inc. FL$6.8M · 0.46%
Broken Sound Club, Inc. FL$5.8M · 0.70%
Prestige Services, Inc. FL$5.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273870234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.