Original filing (PDF)20251008142751NAL0005993265001

FIRST WATCH RESTAURANTS, INC.

Name: FIRST WATCH RESTAURANTS, INC. — FIRST WATCH 401(K) SAVINGS PLAN, Form 5500 (2024)
Creator: FIRST WATCH RESTAURANTS, INC.

Form 5500

FILING_RECEIVED

FIRST WATCH 401(K) SAVINGS PLAN

401(k) retirement plan

Signals · 1

No recordkeeper disclosed

Active participants

16,478

Accounts w/ balance

1,700

Plan assets (EOY)

$38.5M

Net assets (EOY)

$38.5M

How this plan invests

This plan

3 pooled trusts

Schedule D

24 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade B

Above-average plan

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

Vendor stack

Participation health

Knocking points off

47 bps in Schedule C fees — 60% above peer band of 29 bps.
No recordkeeper disclosed on Schedule C.
Only 10% 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 FIRST WATCH RESTAURANTS, INC..

Plan sponsor

Name

FIRST WATCH RESTAURANTS, INC.

EIN

65-0543723

Address

8725 PENDERY PLACE · SUITE #201 · BRADENTON, FL · 342012140

Phone

(941) 907-9800

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

2025-10-08

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

SKIBBIE CPA INC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

2 rows

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
MERRILL LYNCH PIERCE FENNER & SMITH	13-5674085	—	CONSULTANT	$34K	—

TPA / Administrator

Name	EIN	Location	Relation	Direct comp	Indirect comp
PRINCIPAL LIFE INSURANCE COMPANY	42-0127290	—	CONTRACT ADMINISTRATOR	$145K	—

Investments

21 direct securities · 3 pooled funds· $38.5M(100% 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

$33.1M

21 holdings

Pooled Separate Account

$5.4M

3 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
Principal Life Ins Co Fixed Inc Guar Option Ins Co General Account	—	—	—	$8.4M	21.9%
JP Morgan Large Cap Gr R6 Fd Mutual Funds	—	—	—	$3.9M	10.2%
Neub Berm Lg Cp Val R6 Fd Mutual Funds	—	—	—	$3.5M	9.2%
Fidelity 500 Index Fund Mutual Funds	—	—	—	$2.9M	7.6%
American Funds Am Hi-Inc Trs R6 Fund Mutual Funds	—	—	—	$2.4M	6.2%
PRIN CORE PLUS BOND SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 005	Pooled Separate Account	—	—	$2.4M	6.1%
Thornburg Strat Income R6 Fund Mutual Funds	—	—	—	$2.3M	6.0%
PRIN DIVERSIFIED INTL SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 015	Pooled Separate Account	—	—	$2.2M	5.6%
Fidelity Mid Cp Index Fund Mutual Funds	—	—	—	$1.3M	3.3%
Fidelity International Idx Fd Mutual Funds	—	—	—	$1.2M	3.1%
Fidelity Sm Cap Index Fund Mutual Funds	—	—	—	$1.2M	3.1%
Invesco Small Cap Value R6 Fd Mutual Funds	—	—	—	$1.2M	3.0%
American Funds New World R6 Mutual Funds	—	—	—	$1.2M	3.0%
Transamerica Intl Eq R6 Fund Mutual Funds	—	—	—	$1.1M	2.8%
PRIN MIDCAP VALUE I SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 043	Pooled Separate Account	—	—	$910K	2.4%
Participant Loans Interest Rates 4.25% - 8.5%	—	—	—	$761K	2.0%
Janus Henderson Entrprs N Mutual Funds	—	—	—	$757K	2.0%
PGIM Jennison Small Co R6 Fd Mutual Funds	—	—	—	$718K	1.9%
American Funds Amer Bal R6 Fd Mutual Funds	—	—	—	$148K	0.4%
Fidelity Us Bond Index Fund Mutual Funds	—	—	—	$35K	<0.1%
Cohen & Steers I Realty Sh Fd Mutual Funds	—	—	—	$28K	<0.1%
American Century Short Dur Infl Protect Bd R6 Mutual Funds	—	—	—	$10K	<0.1%
(E)	—	—	$35K	$10K	<0.1%
Loomis Sayles Invest Grade Bond N Mutual Funds	—	—	—	$10K	<0.1%