Tullys Good Times Family Inc. 401(k) Review & Grade
Tully's Good Times Family Inc. 401(k) Plan
East Syracuse, NYAccommodation & Food Services598 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$213Employer $ per active participant
$868Employee $ saved per active participant
1.29%Direct admin cost, % of plan assets
$3.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.8 / 5044th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 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 | 44th |
| Lower admin cost | 4th |
| Employee saving | 53th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $27,380 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tullys Good Times Family put in about $213 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 (1.29% 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 | $127,182 |
| Participant (employee) contributions | $518,921 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $44,306 |
| Investment advisory & management fees | $39,755 |
| Benefits paid out | $244,986 |
| Net assets, start / end of year | $3.1M / $3.8M |
| Active participants, start / end of year | 657 / 538 |
| Participants with account balances | 210 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bowers & Company |
Largest service providers (Schedule C)
| Adp, Inc. | $31,362 reported compensation |
| Carswell Investments, LLC | $12,943 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009052513NAL0010823440001, received 2025-10-09, EIN 20-3455133, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.