Quality Dining, Inc. 401(k) Review & Grade
Quality Dining, Inc. Retirement Plan & Trust
Mishawaka, INAccommodation & Food Services1,006 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$486Employer $ per active participant
$978Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$23.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity34.9 / 5070th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 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 | 70th |
| Lower admin cost | 43th |
| Employee saving | 60th |
| 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
- Quality Dining put in about $486 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 | $488,688 |
| Participant (employee) contributions | $983,703 |
| Other contributions (incl. rollovers in) | $19,048 |
| Administrative expenses paid from the plan | $61,619 |
| Contract administrator fees | $35,199 |
| Investment advisory & management fees | $26,420 |
| Benefits paid out | $1,972,513 |
| Net assets, start / end of year | $20.7M / $23.3M |
| Active participants, start / end of year | 894 / 1,117 |
| Participants with account balances | 295 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Applegate and Company, PC |
Largest service providers (Schedule C)
| Newport Group, Inc. | $35,199 reported compensation |
| PNC Institutional Asset Management | $26,420 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013131724NAL0001309921001, received 2025-10-13, EIN 35-1804902, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.