Plan Ledger DOL Form 5500 · updated monthly

Restaurant Growth Services, LLC401(k)

RESTAURANT GROWTH SERVICES, LLC 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Restaurant Growth Services, LLC reported $369,721 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~90% of peers. Employer contributions averaged $32 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 0.53% to 0.48%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 209th-largest of 1,496 plans among Tennessee employers on file, and the 106th of 2,240 in accommodation & food services. In 2024, employees put in $12.39 for every $1.00 the employer contributed; active participation has shrunk from 6,650 to 5,690 since 2022.

Plan summary
Net assets, end of year$77,965,927
Participants with balances1,422
Active participants5,690
Employer contributions$182,086
Employee contributions$2,256,071
Employer contribution per active participant$32
Average account balance$54,828
Benefits paid to participants$12,185,504
Plan auditUnmodified (clean) audit opinion
AuditorCROSSLIN,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$78.0M · 1,422 accts · $182K emplr
2023$76.4M · 1,584 accts · $428K emplr
2022$71.3M · 1,748 accts · $455K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$211,138
Investment management$114,812
Audit (IQPA)$13,500
Total administrative$369,721
The Restaurant Growth Services, LLC 401(k) match · 2024
Employer contribution per active participant$32
Median for plans this size$3,635
2024$32 per active participant
2023$72 per active participant
2022$68 per active participant

Restaurant Growth Services, LLC's 2024 employer contribution ran below the $3,635 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$211,138
NEWPORT GROUP CONSULTING$114,812
CROSSLIN, PLLC · Accounting / audit$13,500

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$369,721 · 0.48%
2023$336,402 · 0.46%
2022$436,780 · 0.53%
Same employer
Similar plansAccommodation & Food Services · Tennessee
Cooper Realty Company TN$24.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371689186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.