Plan5500

First Watch 401(K) Saving Plans — Form 5500 plan (First Watch Restaurants, Inc.)

Plain-English plan 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, First Watch 401(K) Saving Plans is a benefit plan reported by First Watch Restaurants, Inc. under EIN 65-0543723 and plan number 001. The latest loaded filing year is 2023. The filing reports 10,080 participants and $30,073,166 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
First Watch Restaurants, Inc.
EIN
65-0543723
Plan number
001
Plan type
2
Location
Bradenton, FL
Latest filing year
2023
Participants
10,080
End-of-year plan assets
$30,073,166

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202310,080H, C20241014132504NAL0014998595001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$30,073,166
Total liabilities (EOY)
$0
Net assets (EOY)
$30,073,166
Net assets (BOY)
$25,404,669

Income & contributions

Employer contributions
$832,361
Participant contributions
$4,139,975
Total contributions
$5,863,098
Total income / additions
$9,587,756

Expenses & distributions

Benefits paid
$4,702,497
Administrative expenses
$130,737
Total expenses
$4,919,259
Net increase / (decrease)
$4,668,497

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$112,882$02023
Merrill Lynch Pierce Fenner & SmithCONSULTANT$16,908$922023

Related Form 5500 pages