Hoss's Steak and Sea House, Inc. 401(k) Review & Grade
Hoss's Steak and Sea House Savings Plan
Duncansville, PAAccommodation & Food Services665 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$109Employer $ per active participant
$1,723Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$29.9MNet plan assets, end of year
$38,955Average balance per account
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 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 | 26th |
| Lower admin cost | 33th |
| Employee saving | 81th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,236 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hoss's Steak and Sea House put in about $109 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 (0.37% 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 | $72,276 |
| Participant (employee) contributions | $1,145,584 |
| Other contributions (incl. rollovers in) | $6,138 |
| Administrative expenses paid from the plan | $107,326 |
| Contract administrator fees | $59,791 |
| Investment advisory & management fees | $47,535 |
| Benefits paid out | $2,784,414 |
| Net assets, start / end of year | $28.4M / $29.9M |
| Active participants, start / end of year | 687 / 643 |
| Participants with account balances | 767 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Reilly, Creppage & Co., Inc. |
Largest service providers (Schedule C)
| John Hancock USA | $62,326 reported compensation |
| Wells Fargo Bank | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930133100NAL0011726833001, received 2025-09-30, EIN 25-1761401, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.