Plan Ledger DOL Form 5500 · updated monthly

Sizzling Steak Concepts, Inc.401(k)

SIZZLING STEAK CONCEPTS 401(K) PLAN · ALPHARETTA, GA · plan year 2025

Reported admin expense ratio · 2025
0.63%

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

Sizzling Steak Concepts, Inc. reported $103,128 in plan administrative expenses for 2025: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $313 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 rose from 0.56% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 953rd-largest of 2,160 plans among Georgia employers on file, and the 352nd of 2,240 in accommodation & food services. In 2025, employees put in $3.97 for every $1.00 the employer contributed; active participation has grown from 331 to 674 since 2022.

Plan summary
Net assets, end of year$17,032,377
Participants with balances321
Active participants674
Employer contributions$211,074
Employee contributions$838,816
Employer contribution per active participant$313
Average account balance$53,060
Benefits paid to participants$1,996,866
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$17.0M · 321 accts · $211K emplr
2024$15.6M · 398 accts · $296K emplr
2023$13.7M · 412 accts · $276K emplr
2022$11.1M · 508 accts · $290K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$67,273
Investment management$26,105
Audit (IQPA)$9,750
Total administrative$103,128
The Sizzling Steak Concepts, Inc. 401(k) match · 2025
Employer contribution per active participant$313
Median for plans this size$2,666
2025$313 per active participant
2024$474 per active participant
2023$557 per active participant
2022$875 per active participant

Sizzling Steak Concepts, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,413
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$26,105
ORENDA RETIREMENT LLC · Contract administrator · Other services$17,860
TRAILBREAKER ACCOUNTING PLLC · Accounting / audit$9,750
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 history4
2025$103,128 · 0.63%
2024$80,413 · 0.55%
2023$76,774 · 0.62%
2022$68,069 · 0.56%
Same employer
Similar plansAccommodation & Food Services · Georgia
Schuster Enterprises, Inc. GA$21.4M · 0.27%
Peachtree Hotel Group, LLC GA$18.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721191782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.