401(k) · DOL Form 5500 · 2022

First Watch Restaurants, Inc 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
3,339
Participants Above avg headcount
81st
Percentile by assets National rank
$7,608
Avg per participant Low balance/head
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Official DOL plan name: First Watch 401(k) Savings Plan · Sponsored by First Watch Restaurants, Inc · Florida · Food Services & Accommodation

$25M in assets, 3,339 participants

First Watch Restaurants, Inc's First Watch 401(k) Savings Plan reported $25M in total assets and 3,339 participants in its 2022 DOL Form 5500 filing, ranking in the 81st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,382 in Food Services & Accommodation (4,592 peers)

Coverage in Florida

First Watch 401(k) Savings Plan covers 3,339 participants in Florida, 5.3x the typical Florida plan (state average ~628 per filing). Assets: $25M.

#4,382
in Food Services & Accommodation (4,592 peers)
-13.1%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Watch 401(k) Savings Plan's outsized position by total assets

First Watch 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$25,404,669 Top 19% higher than 81% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First Watch 401(k) Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Watch 401(k) Savings Plan lands in the large band (3,339 participants).

Published 5500 schedule card

Filing strip 650543723 · First Watch Restaurants, Inc PY 2022 · 401(k)

First Watch 401(k) Savings Plan · $25M · 3,339 · 81st

  • EOY $25M
  • EOY 3,339
  • EOY 81st
  • EOY 401(k)
  • EOY near Dunaway Associates, L.P. 401(k) Plan
  • EOY ind #4382

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Food Services & Accommodation retirement plans → · Plans in Florida →

First Watch 401(k) Savings Plan in the asset neighbourhood

Dunaway Associates, L.P. 401(k) PlanDunaway Associates, L.P. 401…$25MCanadian Solar (USA) 401(k) PlanCanadian Solar (USA) 401(k) …$25MAbc Bus Companies, Inc. Employees' Retirement PlanAbc Bus Companies, Inc. Empl…$25MFirst Watch 401(k) Savings PlanFirst Watch 401(k) Savings P…$25MFunko 401(k) Plan$25M
End-of-year total assets ($M) among First Watch 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Florida filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$25M
Net Income-$4M
Employer EIN650543723
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Watch Restaurants, Inc)

Sponsor-wide plan assets over time

All First Watch Restaurants, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$39M 51.61937752465895% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $25.4M $38.5M ▲ +51.7%
Year Plans Participants Total Assets
2022 1 3,339 $25M
2023 1 9,185 $30M
2024 1 15,440 $39M

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Watch 401(k) Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -5051015 Total assets ($B) Participants First Watch 401(k) Savings Plan, Total assets ($B): 0.025404669 · Participants: 3339First Watch 401(k) Savings PlanL3harris Retirement Savings Plan, Total assets ($B): 12.863481581 · Participants: 41096L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pricewatercoopers LLP, Total assets ($B): 9.121428518 · Participants: 50354Savings Plan for Employees and Partners of Pricewatercoopers LLPAdp Totalsource Retirement Savings Plan, Total assets ($B): 6.687694478 · Participants: 287453Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.05990007 · Participants: 176752Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.44531949 · Participants: 14889Nextera Energy, Inc. Employee Retirement Savings Plan
First Watch 401(k) Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare First Watch 401(k) Savings Plan side-by-side with 3 peers →

First Watch 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Dunaway Associates, L.P. 401(k) Plan in TX ($25M); by covered participants it is Airbnb 401(k) Plan in CA (3,339 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($25M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,339 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Watch 401(k) Savings Plan assets move in 2022? ▼
First Watch 401(k) Savings Plan pulled back noticeably - down 13.1% during 2022, from $29M to $25M. Reported net income was -$4M.
How have First Watch Restaurants, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Watch Restaurants, Inc's sponsor-wide assets grew 51.6%, from $25M to $39M.
Where does First Watch 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
First Watch 401(k) Savings Plan ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First Watch 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Dunaway Associates, L.P. 401(k) Plan in TX ($25M, 193 participants).
Which 401(k) plans cover a similar participant headcount to First Watch 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Airbnb 401(k) Plan in CA (3,339 participants, $492M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 650543723.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.