Tasty King, LLC 401(k) Review & Grade
Tasty King, LLC Retirement Plan
Plano, TXOther / Unclassified583 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$141Employer $ per active participant
$631Employee $ saved per active participant
3.24%Direct admin cost, % of plan assets
$885,535Net plan assets, end of year
$2,036Average balance per account
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 158th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 500–2,499 active participants (fewer than 30 industry peers) (10,919 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 0th |
| Employee saving | 8th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,895 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tasty King put in about $141 per active participant, below the typical peer ($1,749). 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 (3.24% 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.
- 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 | $82,293 |
| Participant (employee) contributions | $368,127 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $25,692 |
| Benefits paid out | $298,498 |
| Net assets, start / end of year | $700,002 / $885,535 |
| Active participants, start / end of year | 670 / 496 |
| Participants with account balances | 435 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fgmk LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $25,691 reported compensation |
| Morgan Stanley Wealth Management | $0 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015052315NAL0003847985001, received 2025-10-15, EIN 82-4225709, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.