Neighborhood Restaurant Partners Florida, LLC 401(k) Review & Grade
Nrp-Fl 401(k) Retirement Plan
Tampa, FLAccommodation & Food Services1,378 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$25Employer $ per active participant
$161Employee $ saved per active participant
0.93%Direct admin cost, % of plan assets
$3.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score8 / 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 | 10th |
| Lower admin cost | 8th |
| Employee saving | 9th |
| 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
- Neighborhood Restaurant Partners Florida put in about $25 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.
- Direct plan expenses (0.93% 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.
- 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 | $34,039 |
| Participant (employee) contributions | $222,029 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $36,710 |
| Contract administrator fees | $36,710 |
| Benefits paid out | $947,342 |
| Net assets, start / end of year | $4.0M / $3.9M |
| Active participants, start / end of year | 1,418 / 1,337 |
| Participants with account balances | 136 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith & Howard P.C. |
Largest service providers (Schedule C)
| Lincoln National Corporation | $15,730 reported compensation |
| Economic Group Pension Services | $11,046 reported compensation |
| Merrill Lynch, Pierce, Fenner & Smi | $9,934 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013102848NAL0001717936001, received 2025-10-13, EIN 45-4929185, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.