Wendy's of Colorado Springs, Inc. 401(k) Review & Grade
Wendy's of Colorado Springs 401(k) Plan
Colorado Springs, COAccommodation & Food Services5,176 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$92Employer $ per active participant
$192Employee $ saved per active participant
1.09%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.1 / 5024th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 4th |
| Employee saving | 9th |
| Peers that auto-enroll | 15% |
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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
- Wendy's of Colorado Springs put in about $92 per active participant, below the typical peer ($244). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (1.09% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $474,269 |
| Participant (employee) contributions | $991,631 |
| Other contributions (incl. rollovers in) | $19,198 |
| Administrative expenses paid from the plan | $95,321 |
| Contract administrator fees | $95,321 |
| Benefits paid out | $1,569,712 |
| Net assets, start / end of year | $8.3M / $9.2M |
| Active participants, start / end of year | 5,416 / 4,935 |
| Participants with account balances | 292 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| RPG Consultants | $46,378 reported compensation |
| Expand Financial | $19,501 reported compensation |
| Precision Wealth Management | $18,931 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003173250NAL0001638929001, received 2025-10-03, EIN 84-0706429, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.