Tasty Chickn, LLC 401(k) Review & Grade
Tasty Chick'n, LLC Retirement Plan
Plano, TXAccommodation & Food Services1,166 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$174Employer $ per active participant
$634Employee $ saved per active participant
5.26%Direct admin cost, % of plan assets
$1.6MNet plan assets, end of year
$1,213Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 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 | 38th |
| Lower admin cost | 0th |
| Employee saving | 38th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($55,260 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Tasty Chickn put in about $174 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 (5.26% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $203,110 |
| Participant (employee) contributions | $739,931 |
| Other contributions (incl. rollovers in) | $23,745 |
| Administrative expenses paid from the plan | $70,507 |
| Benefits paid out | $397,652 |
| Net assets, start / end of year | $1.1M / $1.6M |
| Active participants, start / end of year | 948 / 1,385 |
| Participants with account balances | 1,342 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fgmk |
Largest service providers (Schedule C)
| Adp, Inc. | $70,506 reported compensation |
| Morgan Stanley Wealth Management | $0 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015052639NAL0001914755001, received 2025-10-15, EIN 87-2541743, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.