Letnes Restaurant Group 401(k) match, vesting and fees
What Letnes Restaurant Group's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 22,493 defined-contribution plans in accommodation and food services with fewer than 100 participants.
| Letnes Restaurant Group: employer contribution per participant | $1,374 | |
| Peer median | $760 |
| Letnes Restaurant Group: average balance | $15,925 | |
| Peer median | $11,047 |
| Letnes Restaurant Group: admin expenses ÷ assets | 1.75% | |
| Peer median | 0.59% |
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 $269K at the end of plan year 2021 to $1.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 424 | $1.5M | $132K | $1,374 | 1.75% | Not published | Form 5500 ↗ |
| 2023 | 720 | $1.2M | $138K | $1,198 | 1.62% | Not published | Form 5500 ↗ |
| 2022 | 609 | $650K | $132K | $1,182 | 1.80% | Not published | Form 5500 ↗ |
| 2021 | 371 | $269K | $62K | $612 | 0.88% | Not published | Form 5500 ↗ |
Common questions
Does Letnes Restaurant Group match 401(k) contributions?
The match terms for the Letnes Restaurant Group Inc. and Affiliates 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $132K in employer contributions, about $1,374 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Letnes Restaurant Group 401(k) match vested?
The vesting schedule for the Letnes Restaurant Group Inc. and Affiliates 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Letnes Restaurant Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Letnes Restaurant Group Inc. and Affiliates.
I left Letnes Restaurant Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Letnes Restaurant Group Inc. and Affiliates, (320) 259-0589) or the recordkeeper, Principal Life Insurance Company. The Letnes Restaurant Group old 401(k) page lists the contacts from every plan filing. Find an old Letnes Restaurant Group 401(k)
Data from the public Form 5500 annual reports Letnes Restaurant Group 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 Letnes Restaurant Group. Not financial advice. Report a correction · Methodology