Cave Enterprises Operations, LLC DBA Burger King 401(k) Review & Grade
Cave 401(k) Plan
Chicago, ILAccommodation & Food Services1,236 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$77Employer $ per active participant
$378Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$7.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 35th |
| Employee saving | 23th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($408 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Cave Enterprises Operations, LLC DBA Burger King put in about $77 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $94,812 |
| Participant (employee) contributions | $467,235 |
| Other contributions (incl. rollovers in) | $7,567 |
| Administrative expenses paid from the plan | $24,947 |
| Contract administrator fees | $24,947 |
| Benefits paid out | $1,057,773 |
| Net assets, start / end of year | $6.9M / $7.3M |
| Active participants, start / end of year | 1,450 / 1,022 |
| Participants with account balances | 212 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $18,389 reported compensation |
| MML Ins Agcy LLC | $18,389 reported compensation |
| Map Retirement USA LLC | $6,593 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015071835NAL0001964707001, received 2025-10-15, EIN 20-4023518, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.