Biscuitville 401(k) match, vesting and fees
What Biscuitville's 401(k) plan says about matching contributions
Safe harbor matching contributions from the Employer are equal to 100% of the participant’s first 3% of eligible compensation deferred as an employee salary deferral contribution, as well as 50% of the next 2% of eligible compensation deferred.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 32 ↗ |
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,100 defined-contribution plans in accommodation and food services with 100 to 499 participants.
| Biscuitville: employer contribution per participant | $1,846 | |
| Peer median | $935 |
| Biscuitville: average balance | $33,987 | |
| Peer median | $24,052 |
| Biscuitville: admin expenses ÷ assets | 0.49% | |
| Peer median | 0.61% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $8.5M at the end of plan year 2021 to $13.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,865 | $13.9M | $753K | $1,846 | 0.49% | Quoted in the audit report, p. 32 ↗ | Form 5500 ↗ |
| 2023 | 1,851 | $11.3M | $722K | $1,824 | 0.52% | Not published | Form 5500 ↗ |
| 2022 | 1,766 | $8.5M | $875K | $1,805 | 0.52% | Not published | Form 5500 ↗ |
| 2021 | 2,004 | $8.5M | $552K | $1,296 | 0.46% | Not published | Form 5500 ↗ |
Common questions
Does Biscuitville match 401(k) contributions?
The audit report attached to the Biscuitville 401(k) Plan's plan year 2024 Form 5500, page 32 says: “Safe harbor matching contributions from the Employer are equal to 100% of the participant’s first 3% of eligible compensation deferred as an employee salary deferral contribution, as well as 50% of the next 2% of eligible compensation deferred.” Plan terms may have changed; check your current Summary Plan Description.
When is the Biscuitville 401(k) match vested?
The vesting schedule for the Biscuitville 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Biscuitville 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Biscuitville, Inc..
I left Biscuitville. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Biscuitville, Inc., (336) 553-3784) or the recordkeeper, Empower Annuity Insurance Company. The Biscuitville old 401(k) page lists the contacts from every plan filing. Find an old Biscuitville 401(k)
Data from the public Form 5500 annual reports Biscuitville filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Biscuitville. Not financial advice. Report a correction · Methodology