Whataburger of Alice 401(k) Review & Grade
Whataburger of Alice 401(k) Plan
San Antonio, TXAccommodation & Food Services700 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$281Employer $ per active participant
$521Employee $ saved per active participant
1.63%Direct admin cost, % of plan assets
$6.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost0.5 / 252th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1532th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score21 / 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 | 51th |
| Lower admin cost | 2th |
| Employee saving | 32th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($106,275 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
- Whataburger of Alice put in about $281 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (1.63% 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 | $196,560 |
| Participant (employee) contributions | $364,199 |
| Other contributions (incl. rollovers in) | $2,205 |
| Administrative expenses paid from the plan | $100,800 |
| Contract administrator fees | $18,141 |
| Investment advisory & management fees | $38,320 |
| Benefits paid out | $666,360 |
| Net assets, start / end of year | $6.0M / $6.4M |
| Active participants, start / end of year | 665 / 734 |
| Participants with account balances | 216 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PSK, LLP |
Largest service providers (Schedule C)
| Nationwide | $44,338 reported compensation |
| Stadion Money Management, LLC | $38,320 reported compensation |
| Inwest Retirement Solutions | $18,141 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151138NAL0003245841001, received 2025-10-14, EIN 74-1600234, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.