Blake's Lotaburger, LLC. 401(k) Review & Grade
Blake's Lotaburger, LLC. Retirement Plan
Albuquerque, NMAccommodation & Food Services679 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$192Employer $ per active participant
$384Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 87th |
| Employee saving | 24th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Blake's Lotaburger put in about $192 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $130,645 |
| Participant (employee) contributions | $260,959 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,125 |
| Benefits paid out | $50,792 |
| Net assets, start / end of year | $1.9M / $2.5M |
| Active participants, start / end of year | 629 / 729 |
| Participants with account balances | 71 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251231094433NAL0011575875001, received 2025-12-31, EIN 84-1619686, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.