Five Guys Enterprises LLC 401(k) Review & Grade
Five Guys Enterprises, LLC 401(k) Plan
Alexandria, VARetail Trade2,240 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$838Employer $ per active participant
$1,709Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$43.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 69th |
| Employee saving | 28th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Five Guys Enterprises put in about $838 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,876,186 |
| Participant (employee) contributions | $3,826,405 |
| Other contributions (incl. rollovers in) | $121,544 |
| Administrative expenses paid from the plan | $48,360 |
| Contract administrator fees | $48,360 |
| Benefits paid out | $1,481,314 |
| Net assets, start / end of year | $34.4M / $43.5M |
| Active participants, start / end of year | 2,218 / 2,261 |
| Participants with account balances | 750 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Equitable Advisors, LLC. | $64,994 reported compensation |
| Principal Life Insurance Company | $48,360 reported compensation |
| Equitable Network LLC | $1,701 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014202711NAL0001804211001, received 2025-10-14, EIN 68-0529005, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.