Plan Ledger DOL Form 5500 · updated monthly

Restaurant Services Inc401(k)

RESTAURANT SERVICES, INC. 401(K) EMPLOYEE SAVINGS PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Restaurant Services Inc reported $59,306 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $9,941 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 3 years on file its reported administrative ratio has held roughly steady near 0.135%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 585th-largest of 3,644 plans among Florida employers on file, and the 928th of 4,246 in wholesale trade. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,674,449
Participants with balances112
Active participants81
Employer contributions$805,191
Employee contributions$1,022,186
Employer contribution per active participant$9,941
Average account balance$398,879
Benefits paid to participants$6,954,782
Plan auditUnmodified (clean) audit opinion
AuditorBERKOWITZ POLLACK BRANT
Plan history3
Yearassets · accounts · employer contribution
2024$44.7M · 112 accts · $805K emplr
2023$43.0M · 115 accts · $805K emplr
2022$39.3M · 117 accts · $636K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,306
Investment management$30,000
Total administrative$59,306
The Restaurant Services Inc 401(k) match · 2024
Employer contribution per active participant$9,941
Median for plans this size$2,416
2024$9,941 per active participant
2023$10,062 per active participant
2022$7,478 per active participant

Restaurant Services Inc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
NFP RETIREMENT, INC. · Investment advisory (plan)$30,000
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,306
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$59,306 · 0.14%
2023$70,711 · 0.17%
2022$62,151 · 0.14%
Same employer
Similar plansWholesale Trade · Florida
Eastern Metal Supply, Inc. FL$49.5M · 0.43%
J & B Importers, Inc. FL$47.4M · 0.06%
McNichols Company FL$46.0M · 0.23%
America II Group LLC FL$41.3M · 0.16%
Apotex Corp FL$40.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650308534 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.