The Dave Thomas Family Companies, LLC 401(k) Review & Grade
The Dave Thomas Family Companies, LLC 401(k) Profit Sharing Plan
Dublin, OHAccommodation & Food Services575 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$366Employer $ per active participant
$580Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$9.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 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 | 61th |
| Lower admin cost | 35th |
| Employee saving | 35th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,925 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dave Thomas Family Companies put in about $366 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.
- Direct plan expenses (0.35% 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 | $210,196 |
| Participant (employee) contributions | $333,292 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $33,352 |
| Benefits paid out | $683,766 |
| Net assets, start / end of year | $9.1M / $9.9M |
| Active participants, start / end of year | 602 / 548 |
| Participants with account balances | 168 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Planchec(k) Cpas |
Largest service providers (Schedule C)
| Proaccount | $11,086 reported compensation |
| Aps Pentegra | $9,214 reported compensation |
| Nationwide | $2,815 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250721103948NAL0000605875001, received 2025-07-21, EIN 47-5504383, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.