Plan Snapshot
- Plan Sponsor: Sterling Restaurants, LLC
- Sponsor EIN: 264622679
- Sponsor Address: 2915 PEACHTREE RD, ATLANTA, GA, 30305
- Plan Type: 401(k)
- Total Participants: 651
- Total Assets: $2.8M
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 | 651 | $2.8M | $72,522 | $496,005 |
| 2023 | 555 | $2.2M | $69,663 | $472,027 |
| 2022 | 564 | $1.6M | $67,640 | $424,381 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $29,614 | — | $29,614 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $11,618 | $33 | $11,651 |
| BENNETT THRASHER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- BENNETT THRASHER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,265
- Estimated Expense Ratio: 1.462% 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 | $41,233 | $11,619 | — | — | — |
| 2023 | $35,808 | $8,580 | — | — | — |
| 2022 | $30,660 | — | — | — | — |