Quality Restaurant Concepts 401(k) match, vesting and fees
What Quality Restaurant Concepts' 401(k) plan says about matching contributions
The Company, at its sole discretion, may make a matching contribution equal to a percentage of the amount of the salary reduction participants elect to defer. This percentage is determined each year by the Company and was equal to 25% of employee contributions up to 4% of the employee’s compensation for 2024.
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 | 2024 audit report, p. 35 ↗ |
| Recordkeeper | Empower Annuity Insurance Company O | 2025 Schedule C ↗ |
| Independent auditor | Carr, Riggs and Ingram, LLC (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 415 defined-contribution plans in accommodation and food services with 100 to 499 participants.
| Quality Restaurant Concepts: employer contribution per participant | $77 | |
| Peer median | $702 |
| Quality Restaurant Concepts: average balance | $16,641 | |
| Peer median | $15,751 |
| Quality Restaurant Concepts: admin expenses ÷ assets | 1.21% | |
| Peer median | 0.67% |
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 $6.9M at the end of plan year 2021 to $8.2M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 2,418 | $8.2M | $38K | $77 | 1.21% | Not published | Form 5500 ↗ |
| 2024 | 1,233 | $7M | $90K | $205 | 1.21% | Quoted in the audit report, p. 35 ↗ | Form 5500 ↗ |
| 2023 | 1,303 | $6.1M | $91K | $180 | 1.17% | Not published | Form 5500 ↗ |
| 2022 | 1,279 | $5.8M | $78K | $163 | 0.91% | Not published | Form 5500 ↗ |
| 2021 | 1,233 | $6.9M | $62K | $155 | 0.67% | Not published | Form 5500 ↗ |
Common questions
Does Quality Restaurant Concepts match 401(k) contributions?
The audit report attached to the Quality Restaurant Concepts, LLC 401(k) Retirement Plan's plan year 2024 Form 5500, page 35 says: “The Company, at its sole discretion, may make a matching contribution equal to a percentage of the amount of the salary reduction participants elect to defer. This percentage is determined each year by the Company and was equal to 25% of employee contributions up to 4% of the employee’s compensation for 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the Quality Restaurant Concepts 401(k) match vested?
The vesting schedule for the Quality Restaurant Concepts, LLC 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Quality Restaurant Concepts 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Insurance Company O. The plan administrator is Quality Restaurant Concepts, LLC.
I left Quality Restaurant Concepts. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Quality Restaurant Concepts, LLC, (205) 949-8250) or the recordkeeper, Empower Annuity Insurance Company O. The Quality Restaurant Concepts old 401(k) page lists the contacts from every plan filing. Find an old Quality Restaurant Concepts 401(k)
Data from the public Form 5500 annual reports Quality Restaurant Concepts filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Quality Restaurant Concepts. Not financial advice. Report a correction · Methodology