Plan Ledger DOL Form 5500 · updated monthly

Five Guys Enterprises LLC401(k)

FIVE GUYS ENTERPRISES, LLC 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.12%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Five Guys Enterprises LLC reported $48,360 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $830 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 544th-largest of 2,266 plans among Virginia employers on file, and the 736th of 5,215 in retail trade. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has shrunk from 4,085 to 2,261 since 2022.

Plan summary
Net assets, end of year$43,509,458
Participants with balances750
Active participants2,261
Employer contributions$1,876,186
Employee contributions$3,826,405
Employer contribution per active participant$830
Average account balance$58,013
Benefits paid to participants$1,481,314
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.5M · 750 accts · $1.9M emplr
2023$34.4M · 753 accts · $1.7M emplr
2022$25.7M · 828 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,360
Total administrative$48,360
The Five Guys Enterprises LLC 401(k) match · 2024
Employer contribution per active participant$830
Median for plans this size$2,416
2024$830 per active participant
2023$682 per active participant
2022$363 per active participant

Five Guys Enterprises LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,360
EQUITABLE NETWORK LLC · Other servicesindirect comp
EQUITABLE ADVISORS, LLC. · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$48,360 · 0.12%
2023$9,050 · 0.03%
2022$33,525 · 0.13%
Same employer
Similar plansRetail Trade · Virginia
Page Associates, Inc. VA$49.3M · 0.33%
Pohanka Auto West, Inc. VA$43.3M · 0.41%
Priority Automotive Group VA$42.2M · 0.51%
Ourisman Fairfax Toyota VA$42.2M · 0.46%
Ukrop's Super Markets, Inc. VA$39.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680529005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.