PAPPAS RESTAURANTS 401(K) PLAN

At the end of 2022, the total retirement plan assets of PAPPAS RESTAURANTS 401(K) PLAN is $36,411,337.This plan was established in 1995.

At the end of 2022, the total number of retirement plan participants in PAPPAS RESTAURANTS 401(K) PLAN is 1580

In 2022, the average participant retirement account value for PAPPAS RESTAURANTS 401(K) PLAN is $23,045

In 2022, the estimated average employee contribution amount per participant for PAPPAS RESTAURANTS 401(K) PLAN is $2,081

In 2022, the estimated average employer match for an employee in PAPPAS RESTAURANTS 401(K) PLAN is approximately $296

In 2022, PAPPAS RESTAURANTS 401(K) PLAN allocates $468,385 to match its employees’ contributions, providing an employer match rate of 14.84% of their contributions

In 2022, the total retirement plan asset growth rate of PAPPAS RESTAURANTS 401(K) PLAN is -16.40%

In 2022, the estimated aggregate retirement account investment gain/loss for PAPPAS RESTAURANTS 401(K) PLAN is -18.35%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PAPPAS RESTAURANTS 401(K) PLAN is 0.01%.

Enrollment Features

PAPPAS RESTAURANTS 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.