Zaxby's Franchising LLC 401(k) Review & Grade
Zaxby's Franchising, LLC 401(k) Plan
Athens, GAAccommodation & Food Services3,426 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$301Employer $ per active participant
$604Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$22.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 15th |
| Employee saving | 43th |
| Peers that auto-enroll | 15% |
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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
- Zaxby's Franchising put in about $301 per active participant, more than the typical peer ($244). 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 (0.45% of assets) are well above similar-size plans (0.12%). 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 | $1,031,038 |
| Participant (employee) contributions | $2,070,734 |
| Other contributions (incl. rollovers in) | $112,820 |
| Administrative expenses paid from the plan | $94,528 |
| Investment advisory & management fees | $57,388 |
| Benefits paid out | $2,636,449 |
| Net assets, start / end of year | $19.4M / $22.5M |
| Active participants, start / end of year | 1,958 / 4,894 |
| Participants with account balances | 460 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bennett Thrasher, LLP |
Largest service providers (Schedule C)
| Northwestern Mutual Wealth Mgmt Co | $49,432 reported compensation |
| Fidelity Investments Institutional | $37,140 reported compensation |
| Strategic Advisors, Inc. | $7,956 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135550NAL0005051729001, received 2025-10-15, EIN 58-2129090, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.