Flynn Restaurant Group LP 401(k) Review & Grade
Flynn Restaurant Group 401(k) Retirement Plan
Independence, OHAccommodation & Food Services23,706 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$111Employer $ per active participant
$561Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$118.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 8th |
| Employee saving | 25th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($12,508 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Flynn Restaurant Group LP put in about $111 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 (0.35% 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.
- 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 | $2,629,138 |
| Participant (employee) contributions | $13,290,298 |
| Other contributions (incl. rollovers in) | $3,062,287 |
| Administrative expenses paid from the plan | $387,265 |
| Contract administrator fees | $321,605 |
| Investment advisory & management fees | $39,925 |
| Benefits paid out | $14,723,494 |
| Net assets, start / end of year | $100.9M / $118.5M |
| Active participants, start / end of year | 22,736 / 24,677 |
| Participants with account balances | 3,957 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ciuni & Panichi, Inc. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $321,605 reported compensation |
| Wells Fargo Clearing Services LLC | $40,000 reported compensation |
| Ciuni & Panichi Inc. | $25,735 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013085937NAL0001570752001, received 2025-10-13, EIN 45-1734458, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.