Plan Ledger DOL Form 5500 · updated monthly

Sweetgreen, Inc.401(k)

SWEETGREEN, INC. 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Sweetgreen, Inc. reported $99,820 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $0 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 fell from 0.51% to 0.37%. 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 2,697th-largest of 9,483 plans among California employers on file, and the 205th of 2,240 in accommodation & food services. active participation has grown from 3,002 to 3,649 since 2022.

Plan summary
Net assets, end of year$29,701,500
Participants with balances6,036
Active participants3,649
Employer contributions$0
Employee contributions$5,928,073
Employer contribution per active participant$0
Average account balance$4,921
Benefits paid to participants$4,326,817
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.7M · 6,036 accts
2023$23.9M · 5,400 accts · $40K emplr
2022$17.7M · 4,172 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,008
Investment management$98,812
Total administrative$99,820
The Sweetgreen, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2023$12 per active participant
2022$414 per active participant

Sweetgreen, Inc.'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
REGATTA CAPITAL GROUP LLC · Investment advisory (plan)$75,896
EMPOWER ADVISORY GROUP, LLC · Investment management$21,340

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$99,820 · 0.37%
2023$126,685 · 0.61%
2022$86,133 · 0.51%
Same employer
Similar plansAccommodation & Food Services · California
Jc Resorts LLC CA$32.6M · 0.39%
Stone Brewing Co., LLC CA$31.4M · 0.24%
El Pollo Loco, Inc. CA$27.9M · 0.18%
Ito, Inc. CA$27.8M · 0.16%
Catalina Island Company CA$27.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271159215 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.