California Pizza Kitchen, Inc. 401(k) Review & Grade
California Pizza Kitchen, Inc. Retirement Savings Plan
Costa Mesa, CAAccommodation & Food Services5,179 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$23Employer $ per active participant
$200Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 21th |
| Employee saving | 13th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,070,747 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $70,812 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- California Pizza Kitchen put in about $23 per active participant, below the typical peer ($244). 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 (0.32% of assets) are well above similar-size plans (0.12%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $120,000 |
| Participant (employee) contributions | $1,034,698 |
| Other contributions (incl. rollovers in) | $68,452 |
| Administrative expenses paid from the plan | $84,634 |
| Investment advisory & management fees | $27,500 |
| Benefits paid out | $2,978,133 |
| Net assets, start / end of year | $25.9M / $26.9M |
| Active participants, start / end of year | 3,853 / 6,505 |
| Participants with account balances | 813 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $57,134 reported compensation |
| Mercer Investments LLC | $27,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014190625NAL0004844608001, received 2025-10-14, EIN 95-4040623, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.