Franchise World Headquarters, LLC 401(k) Review & Grade
Subway 401(k) Savings Plan
Shelton, CTAdministrative, Support & Staffing Services754 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,110Employer $ per active participant
$10,189Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$133.3MNet plan assets, end of year
$115,651Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 74th |
| Employee saving | 95th |
| Peers that auto-enroll | 27% |
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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
- Franchise World Headquarters put in about $6,110 per active participant, more than the typical peer ($712). 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 | $4,603,808 |
| Participant (employee) contributions | $7,677,741 |
| Other contributions (incl. rollovers in) | $2,293,196 |
| Administrative expenses paid from the plan | $124,305 |
| Contract administrator fees | $24,913 |
| Investment advisory & management fees | $50,500 |
| Benefits paid out | $15,291,288 |
| Net assets, start / end of year | $114.9M / $133.3M |
| Active participants, start / end of year | 719 / 788 |
| Participants with account balances | 1,153 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mahoney Sabol & Company LLP |
Largest service providers (Schedule C)
| PNC Institutional Asset Management | $50,500 reported compensation |
| Newport Trust Company | $36,919 reported compensation |
| Newport Group, Inc. | $36,886 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007170754NAL0005099057001, received 2025-10-07, EIN 38-3801335, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.