Pizza Luce Management, Inc. 401(k) Review & Grade
Pizza Luce Retirement Savings Plan
Minneapolis, MNAdministrative, Support & Staffing Services686 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$705Employer $ per active participant
$1,357Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$12.0MNet plan assets, end of year
$13,994Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 11th |
| Employee saving | 42th |
| Peers that auto-enroll | 27% |
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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
- Pizza Luce Management put in about $705 per active participant, below the typical peer ($712). 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 (0.75% 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 | $483,761 |
| Participant (employee) contributions | $931,156 |
| Other contributions (incl. rollovers in) | $62,144 |
| Administrative expenses paid from the plan | $82,600 |
| Contract administrator fees | $82,600 |
| Benefits paid out | $857,313 |
| Net assets, start / end of year | $10.0M / $12.0M |
| Active participants, start / end of year | 695 / 677 |
| Participants with account balances | 854 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $59,580 reported compensation |
| DWC Erisa Consultants LLC | $23,020 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014132524NAL0006165170001, received 2025-10-14, EIN 41-1995281, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.