Nando's Restaurant Group, Inc. 401(k) Review & Grade
Nando's 401(k) Retirement Plan
Washington, DCAccommodation & Food Services1,437 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$249Employer $ per active participant
$596Employee $ saved per active participant
0.88%Direct admin cost, % of plan assets
$5.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost2.1 / 258th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 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 | 48th |
| Lower admin cost | 8th |
| Employee saving | 36th |
| 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
- Nando's Restaurant Group put in about $249 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 (0.88% 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 | $358,305 |
| Participant (employee) contributions | $857,020 |
| Other contributions (incl. rollovers in) | $91,643 |
| Administrative expenses paid from the plan | $41,765 |
| Other admin expenses | $41,765 |
| Benefits paid out | $530,115 |
| Net assets, start / end of year | $4.1M / $5.4M |
| Active participants, start / end of year | 1,423 / 1,451 |
| Participants with account balances | 180 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aafcpas, Inc |
Largest service providers (Schedule C)
| Empower Annuity Ins Co. of America | $23,408 reported compensation |
| Global Retirement Partners LLC | $11,161 reported compensation |
| Empower Advisory Group, LLC | $7,196 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250619112025NAL0003114129001, received 2025-06-19, EIN 26-1136304, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.