Pb&j Restaurants, Inc. 401(k) Review & Grade
Pb&j Restaurants, Inc. Employees 401(k) Plan
Overland Park, KSAccommodation & Food Services712 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$170Employer $ per active participant
$331Employee $ saved per active participant
1.22%Direct admin cost, % of plan assets
$3.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.6 / 5037th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 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 | 37th |
| Lower admin cost | 4th |
| Employee saving | 20th |
| 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
- Pb&j Restaurants put in about $170 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 (1.22% 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 | $121,325 |
| Participant (employee) contributions | $235,874 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $38,957 |
| Investment advisory & management fees | $18,192 |
| Benefits paid out | $646,251 |
| Net assets, start / end of year | $3.2M / $3.2M |
| Active participants, start / end of year | 844 / 580 |
| Participants with account balances | 116 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Downey & Company, LLC |
Largest service providers (Schedule C)
| Creative Planning | $18,192 reported compensation |
| TPP Retirement Plan Specialists LLC | $17,549 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250703093909NAL0000147155001, received 2025-07-03, EIN 48-1036874, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.