Il Fornaio (america), LLC 401(k) Review & Grade
Il Fornaio 401(k) Retirement Plan
Corte Madera, CAAccommodation & Food Services636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$942Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$13.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 86th |
| Employee saving | 57th |
| 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
- Il Fornaio (america) put in about $0 per active participant, below the typical peer ($266). 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.
- 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 | $28 |
| Participant (employee) contributions | $598,512 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $6,959 |
| Contract administrator fees | $6,959 |
| Benefits paid out | $696,703 |
| Net assets, start / end of year | $12.0M / $13.5M |
| Active participants, start / end of year | 314 / 957 |
| Participants with account balances | 223 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C |
Largest service providers (Schedule C)
| Stancorp Financial Group | $33,228 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919161246NAL0002902720001, received 2025-09-19, EIN 94-2766571, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.