Retirement plan

QUA'ATIT FRANCHISE HOLDINGS, INC. 401(K) PLAN

Name: QUAATIT FRANCHISE HOLDINGS, INC. D/B/A CHICK-FIL-A JACKSON HEIGHTS - QUA'ATIT FRANCHISE HOLDINGS, INC. 401(K) PLAN (2024) Form 5500
Creator: QUAATIT FRANCHISE HOLDINGS, INC. D/B/A CHICK-FIL-A JACKSON HEIGHTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUA'ATIT FRANCHISE HOLDINGS, INC. 401(K) PLAN, QUAATIT FRANCHISE HOLDINGS, INC. D/B/A CHICK-FIL-A JACKSON HEIGHTS

QUAATIT FRANCHISE HOLDINGS, INC. D/B/A CHICK-FIL-A JACKSON HEIGHTSEIN 84-4913163Plan #001PY 2024

4027 82ND STREET - ELMHURST, NY 11373203-524-0086

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$330K

+76.3% from 2023

Total participants

+13.3% from 2023

Average account balance

$27,474

+76.3% from 2023

Annual return

19.67%

+14.11 pp from 2023

Benchmarks

See 6,884 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,884 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$330K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

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.

37.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+19.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$380

$12 / participant

Other / not subdivided$380100.0%

% of EOY assets

0.115%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,474

$29,670-7.4%

$56,054-51.0%

$80,911-66.0%

Participation rate

31.3%

41.7%-10.4pp

52.5%-21.2pp

67.6%-36.4pp

Annual return

19.67%

35.24%-15.6pp

1705.95%-1686.3pp

35.63%-16.0pp

Employer contribution / active EE

$810

$670+20.9%

$1,039-22.0%

$2,756-70.6%

Participant deferral / active EE

$2,501

$1,227+103.8%

$1,952+28.1%

$4,297-41.8%

Admin fee / account holder

$32

$2,431-98.7%

$2,822-98.9%

$6,935-99.5%

QUA'ATIT FRANCHISE HOLDINGS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUA'ATIT FRANCHISE HOLDINGS, INC. 401(K) PLAN

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