Ruby Tuesday Operations LLC 401(k) Review & Grade
Ruby Tuesday Salary Deferral Plan
Maryville, TNAccommodation & Food Services3,741 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$81Employer $ per active participant
$252Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$23.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost1.9 / 257th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 7th |
| Employee saving | 18th |
| Peers that auto-enroll | 15% |
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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
- Ruby Tuesday Operations put in about $81 per active participant, below the typical peer ($244). 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 (0.74% of assets) are well above similar-size plans (0.12%). 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 | $304,067 |
| Participant (employee) contributions | $941,838 |
| Other contributions (incl. rollovers in) | $165,392 |
| Administrative expenses paid from the plan | $166,095 |
| Contract administrator fees | $115,106 |
| Investment advisory & management fees | $34,989 |
| Other admin expenses | $16,000 |
| Benefits paid out | $1,874,931 |
| Net assets, start / end of year | $21.4M / $23.6M |
| Active participants, start / end of year | 3,912 / 3,570 |
| Participants with account balances | 516 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $117,656 reported compensation |
| Sageview Advisory Group, LLC | $34,989 reported compensation |
| Lbmc | $16,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008103047NAL0005699825001, received 2025-10-08, EIN 86-1996189, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.