Plan Ledger DOL Form 5500 · updated monthly

Taco John's of Iowa, Inc.401(k)

TACO JOHN'S OF IOWA 401(K) PLAN · SIOUX FALLS, SD · plan year 2022

Reported admin expense ratio · 2022
0.69%

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

Taco John's of Iowa, Inc. reported $27,071 in plan administrative expenses for 2022: 0.69% of average plan assets, above the peer median. Employer contributions averaged $369 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in South Dakota (207th of 233), and the 1,114th of 2,240 in accommodation & food services. In 2022, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,477,001
Participants with balances53
Active participants177
Employer contributions$65,325
Employee contributions$142,179
Employer contribution per active participant$369
Average account balance$65,604
Benefits paid to participants$339,078
Plan auditUnmodified (clean) audit opinion
AuditorFIDUCIARY WISE, LLC FBO
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $24K emplr
2022$3.5M · 53 accts · $65K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$27,071
Total administrative$27,071
The Taco John's of Iowa, Inc. 401(k) match · 2022
Employer contribution per active participant$369
Median for plans this size$1,114

Taco John's of Iowa, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$27,071 · 0.69%
Similar plansAccommodation & Food Services · South Dakota
The Koehler Organization SD$8.5M · 0.32%
Liv Employee Benefits SD$5.3M · 1.27%
Lunchtime Solutions, Inc. SD$4.1M · 0.71%
Heroes, Inc. SD$2.6M · 0.21%
Kaj Hospitality SD$971K · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421000406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.