Carrabbas 401(k) Review & Grade
Carrabbas 401(k) Plan
Houston, TXAccommodation & Food Services564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$551Employer $ per active participant
$1,056Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$17.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 70th |
| Employee saving | 63th |
| 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
- Carrabbas put in about $551 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $310,806 |
| Participant (employee) contributions | $595,914 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $18,671 |
| Investment advisory & management fees | $17,136 |
| Other admin expenses | $1,535 |
| Benefits paid out | $655,704 |
| Net assets, start / end of year | $14.2M / $17.7M |
| Active participants, start / end of year | 570 / 559 |
| Participants with account balances | 114 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weinstein Spira & Company |
Largest service providers (Schedule C)
| Legacy Asset Management, Inc | $17,136 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910162801NAL0021324369001, received 2025-09-10, EIN 76-0394976, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.