Heartland Restaurant Group, LLC 401(k) Review & Grade
Heartland Restaurant Group, LLC 401(k) Profit Sharing Plan
Pittsburgh, PAAccommodation & Food Services637 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$31Employer $ per active participant
$172Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$975,231Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 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 | 12th |
| Lower admin cost | 29th |
| Employee saving | 9th |
| 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
- Heartland Restaurant Group put in about $31 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 (0.41% 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 | $19,868 |
| Participant (employee) contributions | $109,437 |
| Other contributions (incl. rollovers in) | $1,716 |
| Administrative expenses paid from the plan | $3,630 |
| Benefits paid out | $45,187 |
| Net assets, start / end of year | $784,075 / $975,231 |
| Active participants, start / end of year | 609 / 665 |
| Participants with account balances | 61 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250709144713NAL0013223442001, received 2025-07-09, EIN 20-8531019, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.