KRM, Inc. 401(k) Review & Grade
Thomas Keller Restaurant Group Employees' Retirement Plan
Yountville, CAAccommodation & Food Services1,089 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$627Employer $ per active participant
$1,329Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$18.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost23.6 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 95th |
| Employee saving | 72th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $60,041 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- KRM put in about $627 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $682,973 |
| Participant (employee) contributions | $1,446,767 |
| Other contributions (incl. rollovers in) | $45,077 |
| Administrative expenses paid from the plan | $4,022 |
| Benefits paid out | $2,416,383 |
| Net assets, start / end of year | $16.4M / $18.2M |
| Active participants, start / end of year | 819 / 1,359 |
| Participants with account balances | 445 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frank Rimerman & Co. LLP |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney | $42,322 reported compensation |
| Fidelity Investments Institutional | $4,022 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140614NAL0003184258001, received 2025-10-13, EIN 81-1015120, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.