Plan Ledger DOL Form 5500 · updated monthly

Omakase Restaurant Group dba Elite Restaurant Management401(k)

ELITE RESTAURANT MANAGEMENT RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
2.04%

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

Omakase Restaurant Group dba Elite Restaurant Management reported $21,452 in plan administrative expenses for 2024: 2.04% of average plan assets, higher than ~90% of peers. Employer contributions averaged $262 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 3.22% to 2.04%. 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 California (8,725th of 9,483), and 1,673rd of 2,240 in accommodation & food services. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has shrunk from 449 to 329 since 2022.

Plan summary
Net assets, end of year$1,174,273
Participants with balances140
Active participants329
Employer contributions$86,252
Employee contributions$204,651
Employer contribution per active participant$262
Average account balance$8,388
Benefits paid to participants$170,783
Plan auditUnmodified (clean) audit opinion
AuditorCHEK TAN AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.2M · 140 accts · $86K emplr
2023$931K · 142 accts · $94K emplr
2022$518K · 145 accts · $89K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,553
Investment management$4,899
Total administrative$21,452
The Omakase Restaurant Group dba Elite Restaurant Management 401(k) match · 2024
Employer contribution per active participant$262
Median for plans this size$1,313
2024$262 per active participant
2023$261 per active participant
2022$199 per active participant

Omakase Restaurant Group dba Elite Restaurant Management'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.

Administrative cost history3
2024$21,452 · 2.04%
2023$18,246 · 2.52%
2022$12,376 · 3.22%
Similar plansAccommodation & Food Services · California
Farmer Boys Food Inc. CA$1.3M · 1.06%
Nasheve, Inc. CA$1.2M · 1.32%
Rmg Sunset, Inc. CA$1.2M · 0.48%
Cimmarusti Holdings, LLC CA$1.2M · 1.28%
Sushi Nozawa, LLC CA$1.2M · 0.16%
Sea Eagle, LP CA$1.1M · 1.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472673165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.