Fiesta Restaurant Group, Inc. 401(k) Review & Grade
Fiesta Restaurant Group, Inc. Retirement Savings Plan
Miami, FLAccommodation & Food Services2,902 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$111Employer $ per active participant
$327Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$14.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 7th |
| Employee saving | 27th |
| 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
- Fiesta Restaurant Group put in about $111 per active participant, below the typical peer ($244). 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 (0.79% 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 | $322,374 |
| Participant (employee) contributions | $948,566 |
| Other contributions (incl. rollovers in) | $138,756 |
| Administrative expenses paid from the plan | $107,012 |
| Contract administrator fees | $32,397 |
| Investment advisory & management fees | $5,307 |
| Benefits paid out | $1,339,859 |
| Net assets, start / end of year | $12.7M / $14.3M |
| Active participants, start / end of year | 2,923 / 2,881 |
| Participants with account balances | 463 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Insero & Co. Cpas LLP |
Largest service providers (Schedule C)
| Empower Annu.insur Co. of America | $45,528 reported compensation |
| Alliant Insurance Services,inc | $42,397 reported compensation |
| Empower Advisory Group, LLC | $5,307 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003140525NAL0002437568001, received 2025-10-03, EIN 90-0172224, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.