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Original filing (PDF)20250909150859NAL0012665843001
POTBELLY SANDWICH WORKS, LLC
Form 5500
FILING_RECEIVED
POTBELLY SANDWICH WORKS 401(K) PLAN
401(k) retirement plan
Active participants
5,024
Accounts w/ balance
1,468
Plan assets (EOY)
$22.4M
Net assets (EOY)
$22.4M
How this plan invests
This plan
1 pooled trust
Schedule D
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
65
Knocking points off
- 75 bps in Schedule C fees — 157% above peer band of 29 bps.
- Only 29% as many balances as active participants — suggests many active employees aren't deferring.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for POTBELLY SANDWICH WORKS, LLC.
Plan sponsor
Name
POTBELLY SANDWICH WORKS, LLC
EIN
36-4063453
Address
680 NORTH LAKE SHORE DRIVE · SUITE 110 #100 · CHICAGO, IL · 60611
Phone
(312) 951-0600
Industry
Accommodation & Food Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-09
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
SIKICH CPA LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | 04-2647786 | — | RECORDKEEPER | $78K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | 20-8764829 | — | INVESTMENT ADVISOR | $22K | — |
Accountant / Auditor
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CROWE LLP | 35-0921680 | — | ACCOUNTANT/AUDITOR | $46K | — |
| SIKICH CPA LLC | 54-1172176 | — | ACCOUNTANT/AUDITOR | $22K | — |
Investments
23 direct securities · 1 pooled fund· $20.6M(92% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$20.2M
22 holdings
Common Collective Trust
$325K
1 holding
Mutual Funds
$70K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| BlackRock LifePath Index 2050 Retirement Fund - Class K | — | — | — | $3.9M | 17.3% | |
| BlackRock LifePath Index 2045 Retirement Fund - Class K | — | — | — | $3.3M | 14.5% | |
| BlackRock LifePath Index 2040 Retirement Fund - Class K | — | — | — | $3.0M | 13.5% | |
| BlackRock LifePath Index 2055 Retirement Fund - Class K | — | — | — | $2.3M | 10.5% | |
| BlackRock LifePath Index 2035 Retirement Fund - Class K | — | — | — | $1.7M | 7.6% | |
| BlackRock LifePath Index Retirement Fund - Class K | — | — | — | $1.3M | 5.7% | |
| BlackRock LifePath Index 2030 Retirement Fund - Class K | — | — | — | $1.2M | 5.5% | |
| T. Rowe Price T. Rowe Price Blue Chip Growth Fund - Class I | — | — | — | $706K | 3.2% | |
| Invesco Equally-Wtd S&P 500 Fund - Class R6 | — | — | — | $589K | 2.6% | |
| Vanguard Small Cap Index Fund - Admiral Class | — | — | — | $416K | 1.9% | |
| Vanguard Mid Cap Index Fund - Admiral Class | — | — | — | $374K | 1.7% | |
| Invesco Diversified Dividend Fund - Class R6 | — | — | — | $365K | 1.6% | |
| INVESCO STBL VAL III INVESCO TRUST COMPANY · EIN 84-1142974 / PN 001 | Common Collective Trust | — | — | $325K | 1.5% | |
| Vanguard Developed Markets Index Fund - Admiral Class | — | — | — | $274K | 1.2% | |
| BlackRock LifePath Index 2065 Retirement Fund - Class K | — | — | — | $185K | 0.8% | |
| Metropolitan West Metropolitan West Total Return Bond Fund - Class I | — | — | — | $185K | 0.8% | |
| Victory Capital Management Victory Integrity Small-Cap Value Fund Class R6 | — | — | — | $112K | 0.5% | |
| Hartford Funds Hartford MidCap Fund - Class R6 | — | — | — | $99K | 0.4% | |
| BlackRock High Yield Bond Fund - Class K | Mutual Funds | — | — | $70K | 0.3% | |
| Vanguard Emerging Markets Stocks Index Fund - Admiral Class | — | — | — | $62K | 0.3% | |
| ClearBridge Investments ClearBridge International Growth Fund - Class IS | — | — | — | $42K | 0.2% | |
| Janus Henderson Janus Henderson Mid Cap Value Fund - Class N | — | — | — | $21K | <0.1% | |
| T. Rowe Price T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | — | — | — | $18K | <0.1% | |
| Fidelity Government Money Market Fund | — | — | — | $15K | <0.1% |