Retirement plan

CHICK-FIL-A, INC. 401(K) PLAN

Name: CHICK-FIL-A, INC. - CHICK-FIL-A, INC. 401(K) PLAN (2024) Form 5500
Creator: CHICK-FIL-A, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICK-FIL-A, INC. 401(K) PLAN, CHICK-FIL-A, INC.

CHICK-FIL-A, INC.EIN 58-0941582Plan #333PY 2024

5200 BUFFINGTON ROAD - ATLANTA, GA 30349404-765-8000LinkedIn201-500 employees

Other plans on this EIN

1 filing

#334Retirement-$527.2M assets

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 13, 2025

Plan administrator

Plan administrator name— Sign in and upgrade to view

5200 Buffington Road

Atlanta, GA 30349

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Chick-fil-A, Inc. Separation Pay Plan for Eligible Officers37 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$1105.9M

-12.9% from 2016

Total participants

9,337

-10.4% from 2016

Average account balance

$181,799

-1.1% from 2016

Annual return

18.95%

-9.03 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort52 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.11B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$182K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

6,083

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

63.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$33

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$195,155
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$16,093

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3F3H2X

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$202K

$23 / participant

Recordkeeping$6K3.0%
Investment mgmt$195K96.7%
Contract admin$6000.3%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT LLC
Auditor EIN: 454084437
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$181,799

$36,728+395.0%

$56,025+224.5%

$99,313+83.1%

Participation rate

63.1%

25.4%+37.8pp

52.5%+10.6pp

71.7%-8.6pp

Annual return

18.95%

14.66%+4.3pp

1712.69%-1693.7pp

17.67%+1.3pp

Employer contribution / active EE

$5,503

$415+1227.3%

$1,042+428.3%

$3,264+68.6%

Participant deferral / active EE

$8,892

$1,058+740.6%

$1,955+355.0%

$5,346+66.3%

Admin fee / account holder

$33

$113-70.7%

$2,828-98.8%

$109-69.6%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$195,155

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$16,093

CHICK-FIL-A, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICK-FIL-A, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion