FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is $12,970,171.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is 477

In 2022, the average participant retirement account value for FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is $27,191

In 2022, the estimated average employee contribution amount per participant for FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is $1,642

In 2022, the estimated average employer match for an employee in FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is approximately $684

In 2022, FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN allocates $326,274 to match its employees’ contributions, providing an employer match rate of 42.09% of their contributions

In 2022, the total retirement plan asset growth rate of FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is -27.26%

In 2022, the estimated aggregate retirement account investment gain/loss for FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is -19.94%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN is 0.06%.

Enrollment Features

FAZOLI’S RESTAURANT GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.