Bob Evans Restaurants, LLC 401(k) Review & Grade
Bob Evans Restaurants, LLC 401(k) Retirement Plan
New Albany, OHAccommodation & Food Services14,056 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$38Employer $ per active participant
$320Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$102.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.3 / 502th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 12th |
| Employee saving | 8th |
| Peers that auto-enroll | 24% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Bob Evans Restaurants put in about $38 per active participant, below the typical peer ($393). 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 (0.26% of assets) are well above similar-size plans (0.09%). 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 | $530,113 |
| Participant (employee) contributions | $4,502,354 |
| Other contributions (incl. rollovers in) | $443,873 |
| Administrative expenses paid from the plan | $260,645 |
| Contract administrator fees | $36,813 |
| Benefits paid out | $12,151,286 |
| Net assets, start / end of year | $98.2M / $102.7M |
| Active participants, start / end of year | 14,259 / 13,854 |
| Participants with account balances | 3,532 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $205,832 reported compensation |
| Creative Planning Holdco LLC DBA CR | $60,000 reported compensation |
| P&m Holding Group LLP DBA Plante & | $18,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250722120603NAL0005961442001, received 2025-07-22, EIN 81-5225177, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.