Great American Restaurants, Inc. 401(k) Review & Grade
Great American Restaurants Profit Sharing Plan
Fairfax, VAAccommodation & Food Services755 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$359Employer $ per active participant
$905Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$18.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 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 | 60th |
| Lower admin cost | 42th |
| Employee saving | 55th |
| Peers that auto-enroll | 17% |
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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
- Great American Restaurants put in about $359 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 | $271,078 |
| Participant (employee) contributions | $683,034 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $51,365 |
| Benefits paid out | $1,033,872 |
| Net assets, start / end of year | $16.7M / $18.9M |
| Active participants, start / end of year | 765 / 745 |
| Participants with account balances | 194 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $51,365 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013124020NAL0001953312001, received 2025-10-13, EIN 54-1025525, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.