Chickies and Petes Inc 401(k) Review & Grade
Chickies and Petes Inc 401(k) Profit Sharing Plan & Trust
Bensalem, PAAccommodation & Food Services698 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$256Employer $ per active participant
$691Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$4.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 11th |
| Employee saving | 43th |
| 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
- Chickies and Petes put in about $256 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 (0.76% 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.
- 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 | $178,684 |
| Participant (employee) contributions | $481,642 |
| Other contributions (incl. rollovers in) | $95,222 |
| Administrative expenses paid from the plan | $31,422 |
| Contract administrator fees | $25,599 |
| Investment advisory & management fees | $5,823 |
| Benefits paid out | $403,920 |
| Net assets, start / end of year | $3.8M / $4.6M |
| Active participants, start / end of year | 662 / 733 |
| Participants with account balances | 186 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Verna and Associates |
Largest service providers (Schedule C)
| Lincoln National Corporation | $25,599 reported compensation |
| Securities America Advisors, Inc. | $5,823 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121421NAL0002387283001, received 2025-10-15, EIN 23-2979978, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.