Elior, Inc. 401(k) Review & Grade
Elior, Inc. 401(k) Plan
Charlotte, NCAccommodation & Food Services11,814 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$162Employer $ per active participant
$818Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$102.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.3 / 5022th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 4th |
| Employee saving | 35th |
| Peers that auto-enroll | 24% |
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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 ($97,539 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $918,194 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Elior put in about $162 per active participant, below the typical peer ($393). 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 (0.47% of assets) are well above similar-size plans (0.09%). 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 | $1,917,548 |
| Participant (employee) contributions | $9,659,974 |
| Other contributions (incl. rollovers in) | $1,019,903 |
| Administrative expenses paid from the plan | $456,274 |
| Contract administrator fees | $456,274 |
| Benefits paid out | $18,744,443 |
| Net assets, start / end of year | $91.9M / $102.0M |
| Active participants, start / end of year | 11,314 / 12,313 |
| Participants with account balances | 2,579 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $448,528 reported compensation |
| Creative Planning, Inc. | $90,000 reported compensation |
| Cliftonlarsonallen LLP | $23,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917151516NAL0000633345001, received 2025-09-17, EIN 26-2223480, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.