City Barbeque 401(k) Review & Grade
City Barbeque 401k Plan
Dublin, OHAccommodation & Food Services1,187 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$629Employer $ per active participant
$1,222Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$15.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 24th |
| Employee saving | 69th |
| Peers that auto-enroll | 17% |
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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
- City Barbeque put in about $629 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 (0.48% 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 | $746,421 |
| Participant (employee) contributions | $1,449,921 |
| Other contributions (incl. rollovers in) | $278,496 |
| Administrative expenses paid from the plan | $67,598 |
| Investment advisory & management fees | $18,000 |
| Other admin expenses | $7,041 |
| Benefits paid out | $1,410,787 |
| Net assets, start / end of year | $12.7M / $15.3M |
| Active participants, start / end of year | 1,125 / 1,249 |
| Participants with account balances | 378 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $44,183 reported compensation |
| Osaic Wealth Inc | $18,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008134819NAL0003328739001, received 2025-10-08, EIN 31-1657386, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.