Plan Ledger DOL Form 5500 · updated monthly

Success Foods Management Group LLC401(k)

TORCHY'S TACOS 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Success Foods Management Group LLC reported $51,193 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $88 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 2 years on file its reported administrative ratio rose from 0.89% to 1.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Texas (4,145th of 5,688), and the 923rd of 2,240 in accommodation & food services. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,704,070
Participants with balances245
Active participants2,822
Employer contributions$248,755
Employee contributions$680,371
Employer contribution per active participant$88
Average account balance$19,200
Benefits paid to participants$984,764
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 245 accts · $249K emplr
2023$4.2M · 240 accts · $206K emplr
2022$3.4M · 249 accts · $207K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,193
Total administrative$51,193
The Success Foods Management Group LLC 401(k) match · 2024
Employer contribution per active participant$88
Median for plans this size$1,313
2024$88 per active participant
2023$67 per active participant
2022$72 per active participant

Success Foods Management Group LLC's 2024 employer contribution ran below the $1,313 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 · 20241
NOVA 401K ASSOCIATES · Contract administrator$9,479

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$51,193 · 1.15%
2023$45,247 · 1.18%
2022$31,371 · 0.89%
Same employer
Similar plansAccommodation & Food Services · Texas
Sli Enterprises, Inc. TX$5.0M · 0.72%
Pei Wei Asian Diner, LLC TX$4.7M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260483845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.