Plan Snapshot
- Plan Sponsor: Restaurant Services INC
- Sponsor EIN: 650308534
- Sponsor Address: 5200 WATERFORD DISTRICT DRIVE # 300, MIAMI, FL, 331267001
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 121
- Total Assets: $46.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 121 | $46.5M | $0 | $0 |
| 2024 | 81 | $44.7M | $805,191 | $1.0M |
| 2023 | 80 | $43.0M | $804,951 | $1.1M |
| 2022 | 85 | $39.3M | $635,614 | $1.1M |
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 | $25,064 | — | $25,064 |
| NFP RETIREMENT | Investment Advisor | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,064
- Estimated Expense Ratio: 0.086% 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 |
|---|---|---|---|---|---|
| 2025 | $5,955,136 | $15,000 | $25,064 | — | — |
| 2024 | $59,306 | $30,000 | $29,306 | — | — |
| 2023 | $70,711 | $37,495 | $33,216 | — | — |
| 2022 | $62,151 | $22,498 | $39,653 | — | — |