Plan Ledger DOL Form 5500 · updated monthly

Newrest Iah LLC401(k)

NEWREST IAH 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Newrest Iah LLC reported $42,297 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $169 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 0.94% to 1.15%. 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 Texas (4,270th of 5,688), and the 1,001st of 2,240 in accommodation & food services. In 2024, employees put in $6.14 for every $1.00 the employer contributed; active participation has grown from 557 to 794 since 2022.

Plan summary
Net assets, end of year$4,114,537
Participants with balances304
Active participants794
Employer contributions$134,172
Employee contributions$823,387
Employer contribution per active participant$169
Average account balance$13,535
Benefits paid to participants$426,317
Plan auditUnmodified (clean) audit opinion
AuditorLARSON & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 304 accts · $134K emplr
2023$3.2M · 284 accts · $77K emplr
2022$2.6M · 246 accts · $70K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,087
Investment management$18,210
Total administrative$42,297
The Newrest Iah LLC 401(k) match · 2024
Employer contribution per active participant$169
Median for plans this size$1,313
2024$169 per active participant
2023$106 per active participant
2022$125 per active participant

Newrest Iah 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
ADP, INC. · Loan processing · Recordkeeping$24,087
ROYAL ALLIANCE ASSOCIATES, INC. · Recordkeeping · Trustee$18,210
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, ROYAL ALLIANCE ASSOCIATES, INC.
2023ADP, ROYAL ALLIANCE ASSOCIATES, INC.

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Administrative cost history3
2024$42,297 · 1.15%
2023$29,500 · 1.02%
2022$25,280 · 0.94%
Similar plansAccommodation & Food Services · Texas
Pei Wei Asian Diner, LLC TX$4.7M · 0.71%
Tasty Hut, LLC TX$4.1M · 2.26%
Dennard Enterprises, Inc. TX$4.0M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871977406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.