Burger Brothers Restaurant Group, Inc. 401(k) Review & Grade
Burger Brothers Restaurant Group 401(k) Plan
Port Washington, NYManufacturing522 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$56Employer $ per active participant
$389Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$3.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.9 / 502th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 24th |
| Employee saving | 1th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,203 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Burger Brothers Restaurant Group put in about $56 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.49% 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 | $29,073 |
| Participant (employee) contributions | $203,094 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $15,074 |
| Benefits paid out | $462,037 |
| Net assets, start / end of year | $3.0M / $3.1M |
| Active participants, start / end of year | 548 / 497 |
| Participants with account balances | 52 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250225092107NAL0025784450001, received 2025-02-25, EIN 11-3515539, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.