South American Restaurants retirement plan: assets, participants and fees
What South American Restaurants' retirement plan 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 | Nppg Record Keeping Solutions | Schedule C ↗ |
| Independent auditor | Crowe Pr Psc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 166 defined-contribution plans in accommodation and food services with 1,000 to 4,999 participants.
| South American Restaurants: employer contribution per participant | $460 | |
| Peer median | $785 |
| South American Restaurants: average balance | $13,241 | |
| Peer median | $30,242 |
| South American Restaurants: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.37% |
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 $22.8M at the end of plan year 2023 to $24.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,214 | $24.7M | $857K | $460 | 0.26% | Not published | Form 5500 ↗ |
| 2023 | 5,496 | $22.8M | $941K | $385 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does South American Restaurants match 401(k) contributions?
The match terms for the Sarco Employees Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $857K in employer contributions, about $460 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the South American Restaurants 401(k) match vested?
The vesting schedule for the Sarco Employees Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the South American Restaurants 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Nppg Record Keeping Solutions. The plan administrator is South American Restaurants Corp..
I left South American Restaurants. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (South American Restaurants Corp., (787) 788-8811) or the recordkeeper, Nppg Record Keeping Solutions. The South American Restaurants old 401(k) page lists the contacts from every plan filing. Find an old South American Restaurants 401(k)
Data from the public Form 5500 annual reports South American Restaurants filed with the U.S. Department of Labor (plan years 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 South American Restaurants. Not financial advice. Report a correction · Methodology