Chipotle Mexican Grill, Inc. 401(k) Review & Grade
Chipotle Mexican Grill, Inc. 401(k) Plan
Newport Beach, CAAccommodation & Food Services91,468 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$183Employer $ per active participant
$358Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$292.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 9th |
| Employee saving | 18th |
| Peers that auto-enroll | 24% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,730 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chipotle Mexican Grill put in about $183 per active participant, below the typical peer ($393). 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 (0.31% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $16,708,329 |
| Participant (employee) contributions | $32,785,731 |
| Other contributions (incl. rollovers in) | $5,435,570 |
| Administrative expenses paid from the plan | $816,222 |
| Contract administrator fees | $816,222 |
| Benefits paid out | $34,696,738 |
| Net assets, start / end of year | $236.4M / $292.8M |
| Active participants, start / end of year | 88,206 / 94,731 |
| Participants with account balances | 10,839 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $816,222 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010191350NAL0008591905001, received 2025-10-10, EIN 84-1219301, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.