2023 Form 5500 filing — First Watch 401(K) Saving Plans
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014132504NAL0014998595001) for First Watch 401(K) Saving Plans, reported by First Watch Restaurants, Inc. under EIN 65-0543723 and plan number 001. It reports 10,080 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014132504NAL0014998595001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Watch Restaurants, Inc.
- EIN
- 65-0543723
- Plan number
- 001
- Location
- Bradenton, FL
- Participants
- 10,080
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,073,166
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,073,166
- Employer contributions
- $832,361
- Participant contributions
- $4,139,975
- Total income / additions
- $9,587,756
- Benefits paid
- $4,702,497
- Administrative expenses
- $130,737
- Total expenses
- $4,919,259
- Net increase / (decrease)
- $4,668,497
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $112,882 | $0 |
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $16,908 | $92 |