What is the Sd Eats 1, LLC 401(k) match?

In 2022, employer contributions to the Sd Eats 1, LLC plan averaged $310 per active participant, below the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Sd Eats 1, LLC 401(k)?

The average participant account balance was $6,666 for plan year 2022, based on 46 accounts.

Sd Eats 1, LLC401(k)

Name: Sd Eats 1, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SD EATS, LLC 401(K) PLAN · PIEDMONT, SD · plan year 2022

Employer contribution per participant · 2022

$310

Sd Eats 1, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $306,640 across 46 participant accounts, with employer contributions averaging $310 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in South Dakota (231st of 233), and 2,001st of 2,240 in accommodation & food services. In 2022, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$306,640
Participants with balances46
Active participants106
Employer contributions$32,813
Employee contributions$64,093
Employer contribution per active participant$310
Average account balance$6,666
Benefits paid to participants$19,890
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON, LLP

The Sd Eats 1, LLC 401(k) match · 2022

Employer contribution per active participant$310

Median for plans this size$331

Sd Eats 1, LLC's 2022 employer contribution ran below the $331 median for plans its size. 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 832957728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.