QSR Enterprises Grafton, Inc 401(k) Review & Grade
QSR Executive Enterprises 401(k) Plan
Elyria, OHAccommodation & Food Services2,770 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$172Employer $ per active participant
$180Employee $ saved per active participant
5.62%Direct admin cost, % of plan assets
$2.9MNet plan assets, end of year
$1,317Average balance per account
Score breakdown
- Employer generosity21.8 / 5044th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 0th |
| Employee saving | 7th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Corrective distributions: the plan refunded $613 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- QSR Enterprises Grafton put in about $172 per active participant, below the typical peer ($244). 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 (5.62% of assets) are well above similar-size plans (0.12%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $476,440 |
| Participant (employee) contributions | $498,299 |
| Other contributions (incl. rollovers in) | $99,817 |
| Administrative expenses paid from the plan | $136,394 |
| Contract administrator fees | $124,637 |
| Investment advisory & management fees | $11,757 |
| Benefits paid out | $341,665 |
| Net assets, start / end of year | $2.0M / $2.9M |
| Active participants, start / end of year | 2,095 / 3,446 |
| Participants with account balances | 2,173 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Stefanek Regalbuto LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $147,050 reported compensation |
| MML Investor Svcs | $11,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013135853NAL0000683539001, received 2025-10-13, EIN 52-2386617, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.