Delight Raleigh Management LLC 401(k) Review & Grade
Delight Restaurant Group 401(k) Plan
Wichita, KSAdministrative, Support & Staffing Services4,192 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$69Employer $ per active participant
$216Employee $ saved per active participant
0.92%Direct admin cost, % of plan assets
$7.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.9 / 5030th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 5th |
| Employee saving | 19th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($90,600 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $51,518 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Delight Raleigh Management put in about $69 per active participant, below the typical peer ($342). 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 (0.92% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $291,054 |
| Participant (employee) contributions | $904,898 |
| Other contributions (incl. rollovers in) | $622,883 |
| Administrative expenses paid from the plan | $60,372 |
| Contract administrator fees | $19,923 |
| Benefits paid out | $247,855 |
| Net assets, start / end of year | $5.5M / $7.6M |
| Active participants, start / end of year | 3,664 / 4,721 |
| Participants with account balances | 483 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| At Retirement Services, LLC | $40,449 reported compensation |
| Forusal, Inc. | $19,923 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171010NAL0002797731001, received 2025-10-15, EIN 86-1956512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.