Boiling Crab Restaurant Group, LLC DBA the Boiling Crab 401(k) Review & Grade
The Boiling Crab 401(k) Plan
Huntington Beach, CAAccommodation & Food Services801 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$366Employer $ per active participant
$746Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$7.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.2 / 5060th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 15th |
| Employee saving | 47th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Boiling Crab Restaurant Group, LLC DBA the Boiling Crab put in about $366 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.65% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $292,779 |
| Participant (employee) contributions | $597,396 |
| Other contributions (incl. rollovers in) | $180 |
| Administrative expenses paid from the plan | $44,871 |
| Investment advisory & management fees | $18,677 |
| Benefits paid out | $251,518 |
| Net assets, start / end of year | $6.2M / $7.6M |
| Active participants, start / end of year | 602 / 1,000 |
| Participants with account balances | 154 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Cassidy, an Accountancy Corp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $26,194 reported compensation |
| Allworth Financial | $18,264 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160810NAL0005080721001, received 2025-10-15, EIN 38-3884294, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.