Tgi Friday's Inc. 401(k) Review & Grade
Tgi Friday's 401(k) Plan
Dallas, TXAccommodation & Food Services2,287 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$319Employer $ per active participant
$755Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$52.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 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 | 55th |
| Lower admin cost | 43th |
| Employee saving | 47th |
| 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
- Tgi Friday's put in about $319 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 | $730,505 |
| Participant (employee) contributions | $1,725,873 |
| Other contributions (incl. rollovers in) | $453,255 |
| Administrative expenses paid from the plan | $150,540 |
| Contract administrator fees | $80,261 |
| Investment advisory & management fees | $50,329 |
| Benefits paid out | $13,214,648 |
| Net assets, start / end of year | $55.3M / $52.3M |
| Active participants, start / end of year | 3,238 / 1,336 |
| Participants with account balances | 718 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $80,261 reported compensation |
| Hays Financial Group, LLC | $50,348 reported compensation |
| Cliftonlarsenallen LLP | $19,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918120809NAL0000645011001, received 2025-09-18, EIN 13-2677117, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.