Plan Ledger DOL Form 5500 · updated monthly

Southern Rock Restaurants, LLC401(k)

SOUTHERN ROCK RESTAURANTS, LLC 401(K) PLAN PLAN · FRANKLIN, TN · plan year 2023

Reported admin expense ratio · 2023
0.26%

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

Southern Rock Restaurants, LLC reported $3,935 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $61 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 1 year on file its reported administrative ratio fell from 0.28% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Tennessee (1,333rd of 1,496), and 1,485th of 2,240 in accommodation & food services. In 2023, employees put in $6.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,838,220
Participants with balances208
Active participants902
Employer contributions$54,669
Employee contributions$368,386
Employer contribution per active participant$61
Average account balance$8,838
Benefits paid to participants$128,205
Plan auditUnmodified (clean) audit opinion
AuditorBLANKENSHIP CPA GROUP
Plan history2
Yearassets · accounts · employer contribution
2023$1.8M · 208 accts · $55K emplr
2022$1.2M · 394 accts · $29K emplr
The Southern Rock Restaurants, LLC 401(k) match · 2023
Employer contribution per active participant$61
Median for plans this size$1,308
2023$61 per active participant
2022$46 per active participant

Southern Rock Restaurants, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NATIONWIDE INSURANCE · Recordkeeping$3,935

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

Administrative cost history2
2023$3,935 · 0.26%
2022$3,412 · 0.28%
Same employer
Similar plansAccommodation & Food Services · Tennessee
Captain D's, LLC TN$3.8M · 0.51%
Hattie Bs, LLC TN$1.8M · 0.53%
Wellengood Partners TN$1.6M · 1.63%
Carolina Quality, LLC TN$1.6M · 1.92%
Darden Management, Inc. TN$1.6M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452342647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.