Plan Ledger DOL Form 5500 · updated monthly

Schwartz Brothers Restaurants401(k)

SCHWARTZ BROTHERS RESTAURANTS 401(K) PRE-TAX SAVINGS PLAN & TRUST · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Schwartz Brothers Restaurants reported $54,551 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $122 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 0.44%. 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 among the smaller plans on file in Washington (917th of 1,714), and the 460th of 2,240 in accommodation & food services. In 2024, employees put in $9.16 for every $1.00 the employer contributed; active participation has grown from 358 to 636 since 2022.

Plan summary
Net assets, end of year$13,055,936
Participants with balances252
Active participants636
Employer contributions$77,817
Employee contributions$712,554
Employer contribution per active participant$122
Average account balance$51,809
Benefits paid to participants$1,502,478
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 252 accts · $78K emplr
2023$12.0M · 234 accts · $73K emplr
2022$9.7M · 237 accts · $76K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,370
Investment management$24,181
Total administrative$54,551
The Schwartz Brothers Restaurants 401(k) match · 2024
Employer contribution per active participant$122
Median for plans this size$2,416
2024$122 per active participant
2023$185 per active participant
2022$213 per active participant

Schwartz Brothers Restaurants's 2024 employer contribution ran below the $2,416 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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$22,600

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$54,551 · 0.44%
2023$50,042 · 0.46%
2022$50,088 · 0.46%
Same employer
Similar plansAccommodation & Food Services · Washington
Space Needle LLC WA$16.4M · 0.51%
Dicks Drive-Ins LTD., LP WA$14.7M · 0.53%
Upper Skagit Indian Tribe WA$14.3M · 0.65%
Silver Cloud, Inc. WA$14.0M · 0.81%
Emerald City Pizza, LLC WA$12.7M · 0.20%
Mod Super Fast Pizza, LLC WA$12.7M · 3.01%
Northwest Restaurants, Inc WA$11.4M · 0.59%
E3 Co Restaurant Group WA$10.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201335083 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.