In-N-Out Burger, Inc. 401(k) Review & Grade
In-N-Out Burger Associates' Profit Sharing Plan
Irvine, CAAccommodation & Food Services19,360 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,684Employer $ per active participant
$3,094Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$947.3MNet plan assets, end of year
$36,924Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 88th |
| Employee saving | 90th |
| Peers that auto-enroll | 24% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- In-N-Out Burger put in about $1,684 per active participant, more than the typical peer ($393). 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 | $32,609,001 |
| Participant (employee) contributions | $59,904,969 |
| Other contributions (incl. rollovers in) | $2,355,053 |
| Administrative expenses paid from the plan | $206,126 |
| Investment advisory & management fees | $145,795 |
| Benefits paid out | $42,212,628 |
| Net assets, start / end of year | $768.2M / $947.3M |
| Active participants, start / end of year | 17,382 / 21,337 |
| Participants with account balances | 25,656 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $145,795 reported compensation |
| Fidelity Investments Institutional | $60,331 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010155114NAL0008427345001, received 2025-10-10, EIN 95-2246829, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.