Retirement plan

AGK RESTAURANTS 401(K) PLAN

Name: AGK RESTAURANTS - AGK RESTAURANTS 401(K) PLAN (2023) Form 5500
Creator: AGK RESTAURANTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGK RESTAURANTS 401(K) PLAN, AGK RESTAURANTS

AGK RESTAURANTSEIN 36-2925160Plan #003PY 2023

730 E. HIGHLAND AVENIE - PHOENIX, AZ 85014602-265-2834LinkedIn51-200 employeesrestaurants

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+16.8% from 2022

Total participants

-1.7% from 2022

Average account balance

$43,879

+18.9% from 2022

Annual return

18.82%

+37.13 pp from 2022

Benchmarks

See 6,168 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,168 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$66K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.45%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$16859

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$193K

$4285 / participant

Other / not subdivided$193K100.0%

% of EOY assets

7.709%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,879

$27,943+57.0%

$58,507-25.0%

$75,177-41.6%

Participation rate

100.0%

38.8%+61.2pp

50.9%+49.1pp

67.2%+32.8pp

Annual return

18.82%

44.22%-25.4pp

4252.32%-4233.5pp

160.75%-141.9pp

Employer contribution / active EE

$921

$670+37.5%

$1,053-12.6%

$2,671-65.5%

Participant deferral / active EE

$2,398

$1,202+99.5%

$1,922+24.7%

$4,126-41.9%

Admin fee / account holder

$3,383

$1,727+95.9%

$2,486+36.1%

$5,651-40.1%

AGK RESTAURANTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGK RESTAURANTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion