Cameron Mitchell Restaurants, LLC 401(k) Review & Grade
Cameron Mitchell Restaurants, LLC 401(k) Plan
Columbus, OHAccommodation & Food Services3,798 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$317Employer $ per active participant
$593Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$27.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 18th |
| Employee saving | 42th |
| Peers that auto-enroll | 15% |
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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
- Cameron Mitchell Restaurants put in about $317 per active participant, more than the typical peer ($244). 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 (0.37% of assets) are well above similar-size plans (0.12%). 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 | $1,203,136 |
| Participant (employee) contributions | $2,253,542 |
| Other contributions (incl. rollovers in) | $176,157 |
| Administrative expenses paid from the plan | $88,785 |
| Investment advisory & management fees | $13,645 |
| Benefits paid out | $647,100 |
| Net assets, start / end of year | $21.0M / $27.4M |
| Active participants, start / end of year | 3,693 / 3,902 |
| Participants with account balances | 486 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GBQ Partners, LLC |
Largest service providers (Schedule C)
| Raymond James Fin Serv Advisors | $13,645 reported compensation |
| The Pension Design Group | $11,446 reported compensation |
| Nationwide | $1,929 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112317NAL0001300035001, received 2025-10-14, EIN 31-1410558, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.