Plan Snapshot
- Plan Sponsor: Sizzling Steak Concepts, INC.
- Sponsor EIN: 721191782
- Sponsor Address: 11655 HAYNES BRIDGE RD, ALPHARETTA, GA, 30009
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 805
- Total Assets: $17.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 805 | $17.1M | $0 | $0 |
| 2024 | 625 | $15.6M | $296,145 | $817,192 |
| 2023 | 496 | $13.7M | $276,240 | $856,005 |
| 2022 | 331 | $11.1M | $289,667 | $785,228 |
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 | $49,413 | — | $49,413 |
| RAYMOND JAMES & ASSOCIATES INC | Investment Advisor | $26,105 | $7 | $26,112 |
| ORENDA RETIREMENT LLC | Recordkeeper | $17,860 | $7,343 | $25,203 |
| TRAILBREAKER ACCOUNTING PLLC | Other Service Provider | $9,750 | — | $9,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,478
- Estimated Expense Ratio: 0.646% 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 | $2,172,102 | $26,105 | $67,273 | $9,750 | — |
| 2024 | $80,413 | — | $80,413 | — | — |
| 2023 | $76,774 | $27,080 | $27,444 | $22,250 | — |
| 2022 | $68,069 | $24,789 | $23,155 | — | $20,125 |