Restaurant Brands International 401(k) Review & Grade
Restaurant Brands International Savings Plan
Miami, FLAccommodation & Food Services15,134 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$467Employer $ per active participant
$911Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$192.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.0 / 5060th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 90th |
| Employee saving | 45th |
| Peers that auto-enroll | 24% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Restaurant Brands International put in about $467 per active participant, more than the typical peer ($393). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,073,868 |
| Participant (employee) contributions | $13,786,738 |
| Other contributions (incl. rollovers in) | $41,216,042 |
| Administrative expenses paid from the plan | $36,016 |
| Other admin expenses | $25,620 |
| Benefits paid out | $19,817,993 |
| Net assets, start / end of year | $132.2M / $192.5M |
| Active participants, start / end of year | 4,425 / 25,844 |
| Participants with account balances | 4,072 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $10,396 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013133621NAL0003026674001, received 2025-10-13, EIN 59-0787929, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.