401(k) · DOL Form 5500 · 2023

Raising Cane's USA, LLC 401(k) Plan

Data updated 2026-08-11

$77M
Total assets
18,216
Participants
89th
Percentile by assets
$4,235
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Raising Cane's Retirement Savings Plan · Sponsored by Raising Cane's USA, LLC · Texas · Food Services & Accommodation

$77M in assets, 18,216 participants

Raising Cane's USA, LLC's Raising Cane's Retirement Savings Plan reported $77M in total assets and 18,216 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • 89th percentile by assets (of 127,072 plans)
  • #3,720 in Food Services & Accommodation (3,828 peers)

Coverage in Texas

Raising Cane's Retirement Savings Plan covers 18,216 participants in Texas, 26x the typical Texas plan (state average ~688 per filing). Assets: $77M.

$77M
total plan assets (2023 EOY)
18,216
covered participants
89th
percentile by assets (of 127,072 plans)
$4,235
avg assets per participant

Where Raising Cane's Retirement Savings Plan sits by total assets

Raising Cane's Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$77,152,658 Top 11% higher than 89% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Raising Cane's Retirement Savings Plan reported net income rose from $5M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Raising Cane's Retirement Savings Plan end-of-year assets rose from $50M in the plan year 2022 filing to $77M in the plan year 2023 filing.
  • Raising Cane's Retirement Savings Plan reported participants fell from 18,330 in the plan year 2022 filing to 18,216 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Texas
Industry
Food Services & Accommodation

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. Raising Cane's Retirement Savings Plan reports 18,216 participants - 26x that state average ($77M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$77M
Net Income$27M
Employer EIN721464965
Plan Effective Date2007-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Raising Cane's USA, LLC)

$40M$60M$80M$100M$120M 202220232024 $49.8M $108M ▲ +117.8%
Total plan assets by year, all Raising Cane's USA, LLC plans on file
Year Plans Participants Total Assets
2022 1 18,330 $50M
2023 1 18,216 $77M
2024 1 21,289 $108M

Nearby 401(k) Plans in Texas

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

Raising Cane's Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -1001020304050 Total assets ($B) Participants Raising Cane's Retir…, Total assets ($B): 0.077152658 · Participants: 18216Raising Cane's Retir…AT&T Retirement Savi…, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savi…Exxonmobil Savings P…, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings P…Caterpillar 401(k) S…, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) S…American Airlines, I…, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, I…Dell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Raising Cane's Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Raising Cane's Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Raising Cane's Retirement Savings Plan

Raising Cane's Retirement Savings Plan reports $77M in end-of-year assets across 18,216 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $4,235 per participant (3% of the national average assets-per-participant) . Net income for plan year 2023 was $27M.

This plan identity (EIN 721464965, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $50M to $108M (+117.8%) while covered participants moved from 18,330 to 21,289 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 18,330 $50M Open filing
2023 18,216 $77M This page
2024 · index core 21,289 $108M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Raising Cane's Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Raising Cane's Retirement Savings Plan assets move in 2023? ▼
Raising Cane's Retirement Savings Plan surged - up 55.1% during 2023, from $50M to $77M. Reported net income was $27M.
How have Raising Cane's USA, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Raising Cane's USA, LLC's sponsor-wide assets grew 117.8%, from $50M to $108M.
Where does Raising Cane's Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Raising Cane's Retirement Savings Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Raising Cane's Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Baxter & Woodman 401(k) Retirement Savings Plan in IL ($77M, 358 participants).

Next read for Raising Cane's Retirement Savings Plan

Filing takeaways

Ways to act on Raising Cane's Retirement Savings Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 721464965.

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.