Zullas, LC 401(k) Review & Grade
Cafe Zupas Employee Retirement Plan
Sandy, UTAccommodation & Food Services516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$252Employer $ per active participant
$1,383Employee $ saved per active participant
1.41%Direct admin cost, % of plan assets
$3.9MNet plan assets, end of year
$3,821Average balance per account
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 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 | 48th |
| Lower admin cost | 3th |
| Employee saving | 73th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,189 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zullas, LC put in about $252 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 (1.41% 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 | $129,875 |
| Participant (employee) contributions | $712,739 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $48,219 |
| Contract administrator fees | $14,825 |
| Investment advisory & management fees | $14,352 |
| Benefits paid out | $263,313 |
| Net assets, start / end of year | $2.9M / $3.9M |
| Active participants, start / end of year | 493 / 538 |
| Participants with account balances | 1,026 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson and Co |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $2,742 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260228105447NAL0000630179001, received 2026-02-28, EIN 20-1704436, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.