Plan Ledger DOL Form 5500 · updated monthly

Zaxby's Franchising LLC401(k)

ZAXBY'S FRANCHISING, LLC 401(K) PLAN · ATHENS, GA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Zaxby's Franchising LLC reported $94,528 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $211 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 0.451%. 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 805th-largest of 2,160 plans among Georgia employers on file, and the 268th of 2,240 in accommodation & food services. In 2024, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 1,329 to 4,894 since 2022.

Plan summary
Net assets, end of year$22,474,782
Participants with balances460
Active participants4,894
Employer contributions$1,031,038
Employee contributions$2,070,734
Employer contribution per active participant$211
Average account balance$48,858
Benefits paid to participants$2,636,449
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.5M · 460 accts · $1.0M emplr
2023$19.4M · 423 accts · $920K emplr
2022$16.5M · 367 accts · $339K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,140
Investment management$57,388
Total administrative$94,528
The Zaxby's Franchising LLC 401(k) match · 2024
Employer contribution per active participant$211
Median for plans this size$2,416
2024$211 per active participant
2023$470 per active participant
2022$255 per active participant

Zaxby's Franchising 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
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$49,432
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$37,140
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,956

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$94,528 · 0.45%
2023$78,539 · 0.44%
2022$82,335 · 0.45%
Same employer
Similar plansAccommodation & Food Services · Georgia
Focus Brands LLC GA$93.8M · 0.09%
Muller Management GA$59.4M · 0.52%
Sea Island Company, LLC GA$43.8M · 0.33%
Schuster Enterprises, Inc. GA$21.4M · 0.27%
Peachtree Hotel Group, LLC GA$18.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582129090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.