Plan Ledger DOL Form 5500 · updated monthly

Norms Restaurants, LLC401(k)

NORM'S 401K PLAN · BELLFLOWER, CA · plan year 2024

Reported admin expense ratio · 2024
0.98%

Norms Restaurants, LLC reported $134,020 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~90% of peers. 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 0.50% to 0.98%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 4,557th-largest of 9,483 plans among California employers on file, and the 431st of 2,240 in accommodation & food services. active participation has grown from 1,084 to 1,204 since 2022.

Plan summary
Net assets, end of year$14,075,973
Participants with balances1,296
Active participants1,204
Employer contributions—
Employee contributions$1,782,578
Employer contribution per active participant—
Average account balance$10,861
Benefits paid to participants$2,368,197
Plan auditUnmodified (clean) audit opinion
AuditorTRAILBREAKER ACCOUNTING
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 1,296 accts
2023$13.3M · 1,336 accts
2022$11.2M · 359 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,893
Investment management$10,730
Audit (IQPA)$8,397
Total administrative$134,020
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 · 20244
ADP, INC. · Loan processing · Recordkeeping$108,057
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Pension consulting$13,671
COOPER SAVAS LLC · Recordkeeping · Pension consulting$8,396
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, COOPER SAVAS LLC, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP, COOPER SAVAS LLC, PENSIONMARK FINANCIAL GROUP, LLC, SIDE BY SIDE FINANCIALS INC

This plan has changed recordkeepers within these filings. If you left Norms Restaurants, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$134,020 · 0.98%
2023$131,589 · 1.08%
2022$64,089 · 0.50%
Similar plansAccommodation & Food Services · California
Sightline Hospitality, LLC CA$14.4M · 0.49%
Wilton Rancheria Gaming CA$14.2M · 0.65%
Reneson Hotels, Inc. CA$14.1M · 0.34%
Il Fornaio (America), LLC CA$13.5M · 0.05%
Bartell Hotels CA$13.5M · 0.59%
Big Canyon Country Club CA$13.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951959935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.