Restaurant Management Company of Wichita, Inc. 401(k) Review & Grade
Restaurant Management Company of Wichita, Inc. 401(k) Savings Plan
Wichita, KSAccommodation & Food Services700 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$241Employer $ per active participant
$709Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$14.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 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 | 47th |
| Lower admin cost | 14th |
| Employee saving | 44th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,439 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Restaurant Management Company of Wichita put in about $241 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 (0.67% 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 | $168,928 |
| Participant (employee) contributions | $495,968 |
| Other contributions (incl. rollovers in) | $123,640 |
| Administrative expenses paid from the plan | $93,803 |
| Contract administrator fees | $67,072 |
| Investment advisory & management fees | $26,731 |
| Benefits paid out | $1,362,335 |
| Net assets, start / end of year | $13.2M / $14.8M |
| Active participants, start / end of year | 706 / 693 |
| Participants with account balances | 215 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| John Hancock USA | $67,072 reported compensation |
| Ubs Financial Services Inc | $26,731 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125935NAL0002445763001, received 2025-10-15, EIN 48-1010914, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.