Plan Snapshot
- Plan Sponsor: Darden Restaurants, INC.
- Sponsor EIN: 593305930
- Sponsor Address: 1000 DARDEN CENTER DRIVE, ORLANDO, FL, 32837
- Plan Type: 401(k)
- Plan Number: 044
- Total Participants: 197,946
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 197,946 | $1.6B | $44.0M | $90.7M |
| 2023 | 181,690 | $1.4B | $54.8M | $77.5M |
| 2022 | 173,993 | $1.2B | $45.3M | $72.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $1,723,890 | — | $1,723,890 |
| THOMSON REUTERS - WEST | Recordkeeper | $34,314 | — | $34,314 |
| REHMANN | Other Service Provider | $25,250 | — | $25,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,783,454
- Estimated Expense Ratio: 0.113% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,621,511 | $316,496 | $1,279,765 | $25,250 | — |
| 2023 | $1,495,290 | — | $1,495,290 | — | — |
| 2022 | $1,548,310 | — | $1,533,438 | — | $14,872 |