Front Burner Restaurants, LP 401(k) Review & Grade
Front Burner Employee 401(k) Plan
Dallas, TXAccommodation & Food Services1,386 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$317Employer $ per active participant
$602Employee $ saved per active participant
2.63%Direct admin cost, % of plan assets
$3.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 1th |
| Employee saving | 37th |
| Peers that auto-enroll | 17% |
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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 ($158,370 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,438 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Front Burner Restaurants, LP put in about $317 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 (2.63% 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.
- 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 | $439,383 |
| Participant (employee) contributions | $834,015 |
| Other contributions (incl. rollovers in) | $46,466 |
| Administrative expenses paid from the plan | $87,995 |
| Contract administrator fees | $87,995 |
| Benefits paid out | $511,774 |
| Net assets, start / end of year | $2.8M / $3.9M |
| Active participants, start / end of year | 1,468 / 1,304 |
| Participants with account balances | 318 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $87,994 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923123814NAL0009190002001, received 2025-09-23, EIN 52-2328968, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.