Continental Cafe, Inc. D/B/A Continental Services 401(k) Review & Grade
Continental Services 401(k) Profit Sharing Plan
Sterling Heights, MIAccommodation & Food Services2,216 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$311Employer $ per active participant
$1,228Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$28.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 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 | 54th |
| Lower admin cost | 78th |
| Employee saving | 69th |
| 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
Corrective distributions: the plan refunded $58,039 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Continental Cafe, Inc. D/B/A Continental Services put in about $311 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $689,385 |
| Participant (employee) contributions | $2,721,646 |
| Other contributions (incl. rollovers in) | $426,629 |
| Administrative expenses paid from the plan | $22,096 |
| Investment advisory & management fees | $6 |
| Benefits paid out | $1,817,469 |
| Net assets, start / end of year | $23.2M / $28.1M |
| Active participants, start / end of year | 1,706 / 2,727 |
| Participants with account balances | 584 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Ameriprise Financial Services Inc | $91,956 reported compensation |
| Fidelity Investments Institutional | $22,090 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010101458NAL0007494561001, received 2025-10-10, EIN 38-2872918, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.