Plan Ledger DOL Form 5500 · updated monthly

The Wendy's Company401(k)

THE WENDY'S COMPANY 401(K) RETIREMENT PLAN · DUBLIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

The Wendy's Company reported $373,812 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $625 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 0.14% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 157th-largest of 3,295 plans among Ohio employers on file, and the 33rd of 2,240 in accommodation & food services. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 8,359 to 9,652 since 2022.

Plan summary
Net assets, end of year$293,971,776
Participants with balances3,175
Active participants9,652
Employer contributions$6,030,291
Employee contributions$11,977,599
Employer contribution per active participant$625
Average account balance$92,590
Benefits paid to participants$35,207,733
Plan auditUnmodified (clean) audit opinion
AuditorREA & ASSOCIATES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$294.0M · 3,175 accts · $6.0M emplr
2023$269.9M · 3,204 accts · $5.6M emplr
2022$248.1M · 3,301 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$165,143
Investment management$208,369
Total administrative$373,812
The The Wendy's Company 401(k) match · 2024
Employer contribution per active participant$625
Median for plans this size$4,294
2024$625 per active participant
2023$474 per active participant
2022$692 per active participant

The Wendy's Company's 2024 employer contribution ran below the $4,294 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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$165,143
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$208,369
QDRO CONSULTANTS COMPANY, LLC · Consulting$300

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$373,812 · 0.13%
2023$374,119 · 0.14%
2022$398,864 · 0.14%
Same employer
Similar plansAccommodation & Food Services · Ohio
Station Casinos LLC NV$313.2M · 0.23%
Ilitch Holdings, Inc. MI$306.7M · 0.22%
Chipotle Mexican Grill, Inc. CA$292.8M · 0.31%
Panera Bread Company MO$285.0M · 0.18%
Whataburger Restaurants LLC TX$262.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380471180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.