401(k) · DOL Form 5500 · 2024

First Watch Restaurants, Inc. 401(k) Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
15,440
Participants Very large workforce
81st
Percentile by assets National rank
$2,495
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First Watch 401(k) Savings Plan · Sponsored by First Watch Restaurants, Inc. · Florida · Food Services & Accommodation

$39M in assets, 15,440 participants

First Watch Restaurants, Inc.'s First Watch 401(k) Savings Plan reported $39M in total assets and 15,440 participants in its 2024 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.

  • #3,486 in Food Services & Accommodation (3,672 peers)

Coverage in Florida

First Watch 401(k) Savings Plan covers 15,440 participants in Florida, 25x the typical Florida plan (state average ~628 per filing). Assets: $39M.

#3,486
in Food Services & Accommodation (3,672 peers)
+28.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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 2024 · DOL Form 5500

$38,518,401 Top 19% higher than 81% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Watch 401(k) Savings Plan is a mega filing (15,440 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Watch 401(k) Savings Plan reported net income rose from $5M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • First Watch 401(k) Savings Plan reported participants rose from 9,185 in the plan year 2023 filing to 15,440 in the plan year 2024 filing.
  • First Watch 401(k) Savings Plan end-of-year assets rose from $30M in the plan year 2023 filing to $39M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 650543723 · First Watch Restaurants, Inc. PY 2024 · 401(k)

First Watch 401(k) Savings Plan · $39M · 15,440 · 81st

  • TYPE $39M
  • TYPE 15,440
  • TYPE 81st
  • TYPE 401(k)
  • TYPE near Harbor Linx, Inc. 401(k) Plan
  • TYPE ind #3486

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

Alfred Dunner, Inc. 401(k) PlanAlfred Dunner, Inc. 401(k) P…$39MFirst Watch 401(k) Savings PlanFirst Watch 401(k) Savings P…$39MHarbor Linx, Inc. 401(k) Plan$39MSynergy Flavors, Inc. 401(k) Profit Sharing PlanSynergy Flavors, Inc. 401(k)…$39MMarcus and Shapira Profit Sharing Plan and TrustMarcus and Shapira Profit Sh…$39M
End-of-year total assets ($M) among First Watch 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Florida filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$39M
Net Income$8M
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. 0100000200000300000400000 -505101520 Total assets ($B) Participants First Watch 401(k) Savings Plan, Total assets ($B): 0.038518401 · Participants: 15440First Watch 401(k) Savings PlanL3harris Retirement Savings Plan, Total assets ($B): 16.316786122 · Participants: 40330L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 13.167098888 · Participants: 51081Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 9.190044852 · Participants: 310261Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 8.068866271 · Participants: 197102Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.484619612 · Participants: 16678Nextera 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 Harbor Linx, Inc. 401(k) Plan in CA ($39M); by covered participants it is National Healthcare Corporation 401(k) Plan in TN (15,434 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($39M here).

Similar participant headcount

Nearest other-state filings by covered participants (15,440 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
First Watch 401(k) Savings Plan grew sharply - up 28.1% during 2024, from $30M to $39M. Reported net income was $8M.
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 123,622 plans that reported assets for plan year 2024 (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 Harbor Linx, Inc. 401(k) Plan in CA ($39M, 166 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 National Healthcare Corporation 401(k) Plan in TN (15,434 participants, $325M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.