Plan Ledger DOL Form 5500 · updated monthly

Specialty Restaurants Corporation401(k)

SPECIALTY RESTAURANTS CORPORATION 401(K) PLAN · COSTA MESA, CA · plan year 2023

Reported admin expense ratio · 2023
1.15%

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

Specialty Restaurants Corporation reported $66,133 in plan administrative expenses for 2023: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $476 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 rose from 0.97% to 1.15%. 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 California (6,567th of 9,483), and the 780th of 2,240 in accommodation & food services. In 2023, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,304,634
Participants with balances202
Active participants642
Employer contributions$305,507
Employee contributions$496,247
Employer contribution per active participant$476
Average account balance$31,211
Benefits paid to participants$456,888
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINSON & BLOODGOOD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $56K emplr
2023$6.3M · 202 accts · $306K emplr
2022$5.2M · 220 accts · $56K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,438
Investment management$16,020
Audit (IQPA)$11,675
Total administrative$66,133
The Specialty Restaurants Corporation 401(k) match · 2023
Employer contribution per active participant$476
Median for plans this size$1,308
2023$476 per active participant
2022$83 per active participant

Specialty Restaurants Corporation'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 · 20233
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$38,438
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)$16,020
HUTCHINSON & BLOODGOOD LLP · Accounting / audit$11,675

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024Not separately reported
2023$66,133 · 1.15%
2022$56,792 · 0.97%
Same employer
Similar plansAccommodation & Food Services · California
Bel Air Bay Club, LTD. CA$6.6M · 0.52%
Equator Coffees, LLC CA$6.1M · 0.64%
Pressed Juicery, Inc. CA$6.0M · 0.67%
Fm Restaurants Hq, LLC CA$6.0M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952547743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.