Taco Aloha, Inc. 401(k) Review & Grade
Taco Aloha, Inc. 401(k) Plan
Honolulu, HIAccommodation & Food Services822 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$65Employer $ per active participant
$1,128Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$14.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 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 | 18th |
| Lower admin cost | 48th |
| Employee saving | 67th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $57,678 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Taco Aloha put in about $65 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.
- 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 | $53,535 |
| Participant (employee) contributions | $927,486 |
| Other contributions (incl. rollovers in) | $86,111 |
| Administrative expenses paid from the plan | $34,248 |
| Investment advisory & management fees | $7,722 |
| Benefits paid out | $1,148,062 |
| Net assets, start / end of year | $13.4M / $14.4M |
| Active participants, start / end of year | 840 / 804 |
| Participants with account balances | 406 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | CW Associates |
Largest service providers (Schedule C)
| Transamerica Life Insurance Company | $26,526 reported compensation |
| Leafhouse Financial Advisors LLC | $7,722 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160626NAL0010545810016, received 2025-10-15, EIN 99-0171500, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.