Rubio's Restaurant Group, LLC 401(k) Review & Grade
Rubio's Restaurant Group, LLC 401 (K) Plan
Carlsbad, CAAccommodation & Food Services1,262 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$162Employer $ per active participant
$643Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$10.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 58th |
| Employee saving | 39th |
| 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
- Rubio's Restaurant Group put in about $162 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.
- 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.
- 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 | $204,602 |
| Participant (employee) contributions | $811,720 |
| Other contributions (incl. rollovers in) | $1,291,575 |
| Administrative expenses paid from the plan | $17,634 |
| Contract administrator fees | $5,364 |
| Investment advisory & management fees | $11,670 |
| Other admin expenses | $600 |
| Benefits paid out | $2,602,840 |
| Net assets, start / end of year | $9.3M / $10.4M |
| Active participants, start / end of year | 1,083 / 1,442 |
| Participants with account balances | 314 |
| Auto-enrollment (feature code 2S) | Yes |
Largest service providers (Schedule C)
| Mercer Investments LLC | $13,066 reported compensation |
| Voya Retirement Advisors, LLC | $8,792 reported compensation |
| Mercer Global Advisors, Inc | $7,371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013114353NAL0002709858001, received 2025-10-13, EIN 99-2131411, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.