Retirement plan

TC RESTAURANT GROUP 401(K) PLAN

Name: TC RESTAURANT GROUP - TC RESTAURANT GROUP 401(K) PLAN (2022) Form 5500
Creator: TC RESTAURANT GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TC RESTAURANT GROUP 401(K) PLAN, TC RESTAURANT GROUP

TC RESTAURANT GROUPEIN 45-4805087Plan #001PY 2022

676 BELLEFONTAINE AVENUE, SUITE A - MARION, OH 43302614-395-6291tcrestaurantgrp.comLinkedIn501-1000 employeeshospitality

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$614K

+303.2% from 2021

Total participants

254

+33.0% from 2021

Average account balance

$17,044

+157.6% from 2021

Annual return

-13.98%

-13.98 pp from 2021

Benchmarks

See 36 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Cohort36 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.87M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

14.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+21.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$575

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

Top 1 by compensation

Provider	Service type	Compensation
JULY BUSINESS SERVICES2+ years Filed as: JULY BUSINESS SERVICES, LLC Service code 15 · EIN 74-2715820	Recordkeeping	$2,227

Plan features & details

Pension benefit codes2F2G2J2T3D3H

Plan features

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$15 / participant

Contract admin$4K100.0%

% of EOY assets

0.623%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GBQ PARTNERS LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,044

$22,683-24.9%

$61,452-72.3%

Participation rate

12.4%

38.0%-25.5pp

52.6%-40.1pp

Annual return

-13.98%

-10.54%-3.4pp

338.96%-352.9pp

Employer contribution / active EE

$684

$484+41.1%

$1,160-41.0%

Participant deferral / active EE

$1,297

$1,321-1.8%

$2,125-38.9%

Admin fee / account holder

$106

$926-88.5%

$2,131-95.0%

Provider

Service type

Compensation

JULY BUSINESS SERVICES2+ years

Filed as: JULY BUSINESS SERVICES, LLC

Service code 15 · EIN 74-2715820

Recordkeeping

$2,227

TC RESTAURANT GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TC RESTAURANT GROUP 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