C&r Restaurant Group, LP 401(k) Review & Grade
C&r Restaurant Group, LP 401(k) Profit Sharing Plan
Costa Mesa, CAAccommodation & Food Services1,300 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$231Employer $ per active participant
$283Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$1.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.6 / 5045th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 35th |
| Employee saving | 17th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($144,776 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $969 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- C&r Restaurant Group, LP put in about $231 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 (0.35% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $300,067 |
| Participant (employee) contributions | $368,278 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $5,239 |
| Contract administrator fees | $5,239 |
| Benefits paid out | $144,177 |
| Net assets, start / end of year | $1.2M / $1.8M |
| Active participants, start / end of year | 1,302 / 1,298 |
| Participants with account balances | 113 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | DSR CPA & Consultants |
Largest service providers (Schedule C)
| Newport Group, Inc. | $5,239 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103010NAL0005803952001, received 2025-10-15, EIN 46-1047180, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.