401k Record

Employers › Chipotle Mexican Grill

Chipotle Mexican Grill 401(k)

Administrative expenses excluding investment management, per participant · Chipotle Mexican Grill, Inc. 401(k) Plan · plan year 2024

$75.30

Higher than 59% of the 2,324 plans $250M to 1B that report it.

Source

= $816,222 / 10,839
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010191350NAL0008591905001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010191350NAL0008591905001, received 2025-10-10

10th: $18.52median $67.2190th: $147.71

Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$75.30

10th: $27.95median $88.2590th: $203.68

Higher than 41% of the 2,405 plans $250M to 1B that report it.

Source

= $816,222 / 10,839
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010191350NAL0008591905001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010191350NAL0008591905001, received 2025-10-10

Administrative expenses as a share of assets

0.279%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 97% of the 2,407 plans $250M to 1B that report it.

Source

= $816,222 / $292,760,764
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010191350NAL0008591905001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010191350NAL0008591905001, received 2025-10-10

Employer contributions per participant

$1,542

10th: $1,169median $3,07390th: $8,346

Higher than 17% of the 2,457 plans $250M to 1B that report it.

Source

= $16,708,329 / 10,839
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010191350NAL0008591905001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010191350NAL0008591905001, received 2025-10-10

Employer share of total contributions

30.4%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 48% of the 2,459 plans $250M to 1B that report it.

Source

= $16,708,329 / $54,929,630
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010191350NAL0008591905001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010191350NAL0008591905001, received 2025-10-10

Plan terms, as stated in Chipotle Mexican Grill, Inc.'s SEC filings

Employer match

“We match 100% of the first 3% of pay contributed by each eligible employee and 50% on the next 2% of pay contributed each pay period (with an annual true-up) through cash contributions.”

Form 10-K filed 2026-02-04, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010191350NAL0008591905001, received 2025-10-10

Full record, Chipotle Mexican Grill, Inc. 401(k) Plan

FieldValueSource
Plan sponsorCHIPOTLE MEXICAN GRILL, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010191350NAL0008591905001, received 2025-10-10
Plan nameCHIPOTLE MEXICAN GRILL, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251010191350NAL0008591905001, received 2025-10-10
Sponsor EIN / plan number84-1219301 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010191350NAL0008591905001, received 2025-10-10
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010191350NAL0008591905001, received 2025-10-10
Sponsor locationNEWPORT BEACH, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010191350NAL0008591905001, received 2025-10-10
Industry (business code)722513, Accommodation and food servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010191350NAL0008591905001, received 2025-10-10
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010191350NAL0008591905001, received 2025-10-10
Filing received2025-10-10Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010191350NAL0008591905001, received 2025-10-10
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010191350NAL0008591905001, received 2025-10-10
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251010191350NAL0008591905001, received 2025-10-10
Participants, beginning of year90,364Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010191350NAL0008591905001, received 2025-10-10
Active participants94,731Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010191350NAL0008591905001, received 2025-10-10
Participants, end of year96,636Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010191350NAL0008591905001, received 2025-10-10
Participants with an account balance10,839Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010191350NAL0008591905001, received 2025-10-10
Total assets, beginning of year$236,402,327Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010191350NAL0008591905001, received 2025-10-10
Total assets, end of year$292,760,764Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010191350NAL0008591905001, received 2025-10-10
Net assets, end of year$292,760,764Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010191350NAL0008591905001, received 2025-10-10
Total income$91,895,891Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010191350NAL0008591905001, received 2025-10-10
Net income$56,358,437Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010191350NAL0008591905001, received 2025-10-10
Employer contributions$16,708,329Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010191350NAL0008591905001, received 2025-10-10
Participant contributions$32,785,731Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010191350NAL0008591905001, received 2025-10-10
Other contributions (incl. rollovers)$5,435,570Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010191350NAL0008591905001, received 2025-10-10
Total contributions$54,929,630Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010191350NAL0008591905001, received 2025-10-10
Benefit payments$34,696,738Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010191350NAL0008591905001, received 2025-10-10
Total expenses (incl. benefit payments)$35,537,454Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010191350NAL0008591905001, received 2025-10-10
Total administrative expenses$816,222Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010191350NAL0008591905001, received 2025-10-10
Contract administrator fees$816,222Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251010191350NAL0008591905001, received 2025-10-10
Administrative expenses excluding investment management$816,222derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010191350NAL0008591905001, received 2025-10-10
Held in common/collective trusts$188,483,372Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010191350NAL0008591905001, received 2025-10-10
Held in mutual funds$95,871,116Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010191350NAL0008591905001, received 2025-10-10
Independent auditorEIDE BAILLY LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010191350NAL0008591905001, received 2025-10-10

Position = column in the DOL layout for form year 2024. Filing 20251010191350NAL0008591905001, received 2025-10-10.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
PRINCIPAL LIFE INSURANCE COMPANYrecordkeeperCONTRACT ADMINISTRATOR 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees $816,222yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010191350NAL0008591905001, received 2025-10-10.

What changed since the 2023 plan year

Figure20232024Change
Total assets$236,402,327$292,760,76423.8%
Participants with a balance8,36310,83929.6%
Administrative expenses$640,003$816,22227.5%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$13,657,585$16,708,32922.3%

Prior filing 20241014002658NAL0012746979001, received 2024-10-14; the plan years are contiguous.

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Sponsor name as filed: CHIPOTLE MEXICAN GRILL, INC.; SEC registrant: CHIPOTLE MEXICAN GRILL INC (CIK 1058090, matched by EIN; display name from the Form 10-K cover).