Plan Ledger DOL Form 5500 · updated monthly

Triton Restaurants Inc.Profit-sharing plan

TRITON RESTAURANTS EMPLOYEES PROFIT SHARING PLAN AND TRUST · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
1.58%

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

Triton Restaurants Inc. reported $23,240 in plan administrative expenses for 2024: 1.58% of average plan assets, higher than ~90% of peers. Employer contributions averaged $111 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 1.27% to 1.58%. 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 North Carolina (1,831st of 2,005), and 1,567th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$1,522,111
Participants with balances318
Active participants126
Employer contributions$13,979
Employee contributions—
Employer contribution per active participant$111
Average account balance$4,787
Benefits paid to participants$16,791
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$1.5M · 318 accts · $14K emplr
2023$1.4M · 251 accts · $15K emplr
2022$1.3M · 261 accts · $13K emplr
Administrative expenses, itemized · 2024
Investment management$10,005
Audit (IQPA)$12,805
Total administrative$23,240
Employer contributions to the Triton Restaurants Inc. plan · 2024
Employer contribution per active participant$111
Median for plans this size$1,313
2024$111 per active participant
2023$144 per active participant
2022$107 per active participant

Triton Restaurants Inc.'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 · 20242
WELLS FARGO BANK · Recordkeeping$10,005
BROWN, EDWARDS AND COMPANY L.L.P. · Accounting / audit$12,805

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

Recordkeeper by year2
2024Wells Fargo
2023Wells Fargo

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,240 · 1.58%
2023$17,407 · 1.28%
2022$17,841 · 1.27%
Similar plansAccommodation & Food Services · North Carolina
Big Bran NC$1.2M · 2.08%
Cary Keisler, Inc. NC$1.1M · 0.86%
Ppr Foods, LLC NC$1.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561837872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.