Plan Ledger DOL Form 5500 · updated monthly

Shake Shack Enterprises, LLC401(k)

SHAKE SHACK RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Shake Shack Enterprises, LLC reported $183,105 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $381 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 2 years on file its reported administrative ratio rose from 0.22% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 1,459th-largest of 5,648 plans among New York employers on file, and the 148th of 2,240 in accommodation & food services. In 2024, employees put in $2.79 for every $1.00 the employer contributed; active participation has shrunk from 9,150 to 6,120 since 2022.

Plan summary
Net assets, end of year$45,508,361
Participants with balances1,375
Active participants6,120
Employer contributions$2,329,073
Employee contributions$6,495,190
Employer contribution per active participant$381
Average account balance$33,097
Benefits paid to participants$3,286,252
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$45.5M · 1,375 accts · $2.3M emplr
2023$33.6M · 1,341 accts · $1.9M emplr
2022$23.9M · 1,115 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,894
Investment management$31,802
Audit (IQPA)$21,409
Total administrative$183,105
The Shake Shack Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$381
Median for plans this size$2,416
2024$381 per active participant
2023$263 per active participant
2022$166 per active participant

Shake Shack 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$129,895
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$31,802
WITHUMSMITH+BROWN, PC · Accounting / audit$21,409

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$183,105 · 0.46%
2023$162,465 · 0.57%
2022$53,457 · 0.22%
Same employer
Similar plansAccommodation & Food Services · New York
Legends Hospitality, LLC NY$105.8M · 0.06%
Carrols Corporation NY$75.8M · 0.34%
Ace Endico Corp. NY$40.4M · 0.29%
Smiley Brothers, Inc. NY$38.0M · 0.05%
Whitsons Food Service Corp. NY$29.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264487502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.