Brumit Restaurant Group, LLC 401(k) Review & Grade
BRG 401(k) Plan
Asheville, NCAccommodation & Food Services516 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$148Employer $ per active participant
$482Employee $ saved per active participant
1.04%Direct admin cost, % of plan assets
$1.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 6th |
| Employee saving | 29th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Brumit Restaurant Group put in about $148 per active participant, below the typical peer ($266). 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 (1.04% 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 | $76,234 |
| Participant (employee) contributions | $249,057 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $17,791 |
| Investment advisory & management fees | $12,410 |
| Benefits paid out | $172,589 |
| Net assets, start / end of year | $1.5M / $1.9M |
| Active participants, start / end of year | 495 / 538 |
| Participants with account balances | 137 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Colton Groome Financial Advisors, L | $12,160 reported compensation |
| Colton Groome Financial Advisors, L | $12,160 reported compensation |
| Adp, Inc. | $5,630 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260317130735NAL0002209857001, received 2026-03-17, EIN 27-0425615, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.