Plan Ledger DOL Form 5500 · updated monthly

Franchise World Headquarters, LLC401(k)

SUBWAY 401(K) SAVINGS PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Franchise World Headquarters, LLC reported $124,305 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $5,842 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 0.100%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 146th-largest of 1,106 plans among Connecticut employers on file, and the 132nd of 2,534 in administrative & support services. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 677 to 788 since 2022.

Plan summary
Net assets, end of year$133,345,953
Participants with balances1,153
Active participants788
Employer contributions$4,603,808
Employee contributions$7,677,741
Employer contribution per active participant$5,842
Average account balance$115,651
Benefits paid to participants$15,291,288
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY SABOL & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$133.3M · 1,153 accts · $4.6M emplr
2023$114.9M · 1,116 accts · $4.1M emplr
2022$94.6M · 1,093 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,886
Investment management$50,500
Trustee / custodial$36,919
Total administrative$124,305
The Franchise World Headquarters, LLC 401(k) match · 2024
Employer contribution per active participant$5,842
Median for plans this size$3,635
2024$5,842 per active participant
2023$5,747 per active participant
2022$5,015 per active participant

Franchise World Headquarters, LLC's 2024 employer contribution ran above the $3,635 median for plans its size. 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
NEWPORT GROUP, INC. · Recordkeeping$36,886
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$50,500
NEWPORT TRUST COMPANY · Trustee$36,919

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$124,305 · 0.10%
2023$112,456 · 0.11%
2022$102,576 · 0.10%
Same employer
Similar plansAdministrative & Support Services · Connecticut
Data-Mail, Inc. CT$56.1M · 0.10%
Kbe Building Corporation CT$39.2M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383801335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.