Department of Labor filing

NOODLES & COMPANY

PPT 401(K) PLAN · For the plan year ended Dec 31, 2025

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Public filing 2025 · received Jul 8, 2026Verified current terms Not available

Plan summary

The numbers that matter first

59Fair plan health
high confidence
See what drives the plan health score
Employer contributions versus peers52/10030% of the full model
Lower reported administrative cost28/10020% of the full model
Active-participant trend50/10010% of the full model
Net-asset trend50/10010% of the full model
Participant-loan burden75/10010% of the full model
Reported compliance signals100/10010% of the full model
Filing completeness100/10010% of the full model

Published only when at least four measures and half of the model weight are available. Missing information is excluded rather than scored as zero.

01 · Employer matchNot publicly available

A current plan document is needed to verify the formula.

02 · Maximum employer contributionNot yet verified

$430 was reported per active participant, but this is not a match limit.

03 · VestingNot yet verified

A dated plan document is needed.

04 · Fees and expenses$49

Plan-paid administrative cost per participant; fund and employee fees may be separate.

05 · Investment choicesNot yet verified

The public filing does not provide a current, complete fund menu.

06 · Eligibility and waiting periodNot yet verified

A current plan document is needed.

07 · Automatic enrollmentNot yet verified

The selected official filing does not establish a current default rate.

08 · Roth 401(k)Not yet verified

The reviewed official source does not establish current Roth availability.

09 · Employer contribution vs. peers52th percentile

Up 0.0% over the filing history shown.

What this tells you: company-wide scale, reported employer support, participation activity, visible administrative cost, and historical direction.

Keep in mind: public filings do not show employee investment returns. Scores use only available measures; missing information lowers confidence, never the score. Current match, vesting, eligibility, investments, and employee-paid fees still require a current plan document.

Filing comparison · 202545out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions52nd percentileTypical peer $401 · based on 8,702 comparable plans
Lower reported administrative expense28th percentileTypical peer $19 · based on 9,138 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

Peer-group method: industry size. The comparison used the most specific peer group with enough valid filings.

The short version

What employees should know

For the year ended Dec 31, 2025, NOODLES & COMPANY reported $33,997 in employer contributions across this plan, or $430 per active participant. This is the best company-wide filing average available—not a promise of what any one employee receives.

People actively participating79

Up 0.0% across the filing years shown. The filing does not report every employee who was eligible.

Employer money over timeUp 0.0%

Change in employer contributions per active participant.

Plan costs over timeUp 0.0%

Change in reported administrative cost per participant. Fund expenses may be separate.

Peer comparison45/100

Compared with similarly sized plans in the same industry.

What this public record cannot answer

For the current match, vesting rules, eligibility, employee fees, and investment choices, we need a recent plan document. We leave those details blank until we have one.

Money and scale

Contributions, assets, and expenses

These are plan-wide totals. They are not individual account balances.

Employer contributions
$33,997
$430 per active participant
Participant contributions
$41,499
Other contributions
Not reported
Amounts not classified as employer or participant contributions
Employer share of contributions
45.0%
Active participants
79
Small plan
Total participants
84
100 at the beginning of the year
Ending assets
$658,762
$7,842 per participant
Net-asset change
Up 0.0%
Not the same as investment performance
Beginning net assets
$693,377
Ending net assets
$658,762
Beginning liabilities
Not reported
Ending liabilities
Not reported
Total income
$164,819
Total expenses
$199,434
Administrative expenses
$4,101
$49 per active participant
Participant loans
$32,009
4.9% of plan assets

Three-year filing history

How the reported figures changed

Each chart uses the selected public filing for that year. Missing values remain blank rather than becoming zero.

Employer money per active participant
2025
$430
Administrative cost per participant
2025
$49
Active participants
2025
79
Total plan assets
2025
$658,762
Participant loans as a share of assets
2025
4.9%
Detailed filing history
Plan yearEmployer money per active participantActive participantsPlan assets
2025$43079658.8K

Changes in plan assets are not the same as investment performance.

Plan health

Operational signals worth checking

Participant loans as a share of plan assets
4.9%
Independent accountant’s opinion
Not stated in the filing
Late participant contributions reported
Not reportedA “yes” needs context and is not, by itself, proof of wrongdoing.
Loan defaults reported
Not reported
Lease defaults reported
Not reportedOnly a small number of filings report these events.
Nonexempt transactions reported
Not reported
Public plan identifier
870723790-020

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
1
Plan effective date
Jan 1, 2015
Industry
Accommodation and food services
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2T3D

Company filings

What the company has told the SEC about this plan

We found these passages in official company filings. They may help explain the plan, but we do not treat them as current benefits until the wording and date have been checked.

10-K · report period Dec 30, 2025NOODLES & Co — 10-K filed 2026-03-26
Official filing · details not yet checked
What it says about employer contributions

n, the Company may, at its discretion, make contributions to the 4 01(k) Plan. Participants are 100 % vested in their own contributions. In 2019, the board of directors authorized matching contributions equal to 25 % of the first 4 % of compensation that is deferred by the participant. The Company recognized matching contribution expense of $ 0.4 million in each of the fiscal years 2025, 2024 and 2023, respectively. Deferred Compensation Plan The Company’s deferred compensation plan, under which compensation deferrals began in 2013, is a non-qualified deferred compensation plan which allows highly compensated employees to defer a portion of their base salary and variable compensation, including 401(k) refund, each plan year. To offset its obligation, the Company holds a portfolio of mutual

What it says about vesting

awards (except for RSUs and PSUs) granted under the 2023 Plan have a life of ten years . Most awards vest ratably over four years ; however, some have been granted with different vesting schedules. Of the awards outstanding, none have been granted to non-employees (except those granted to non-employee members of the Board of Directors of the Company) under the 2023 Plan. In 2022, the Company launched the General Manager (“GM”) Equity program which granted RSUs to top performing general managers with a three year cliff vesting. The final grant under the GM Equity program was in the first quarter of 2024. At December 30, 2025, approxima tely 0.4 million ( 3.3 million prior to the Reverse Stock Split) sha re-based awards were available to be granted under the 2023 Plan. The number of shares

What it says about fees

incurred and were $ 14.8 million, $ 12.7 million and $ 10.8 million in 2025, 2024 and 2023, respectively. These costs are included in other restaurant operating costs, general and administrative expenses and pre-opening costs based on the nature of the advertising and marketing costs incurred. Rent Rent expense for the Company’s leases, which generally have escalating rentals over the term of the lease, is recorded on a straight-line basis over the lease term. Additionally, tenant incentives used to fund leasehold improvements are recognized when earned and reduce the right-of-use asset related to the lease. These are amortized through the right-of-use asset as reductions of expense over the lease term. Some of the Company’s leases include rent escalations based on inflation indexes and fa

Current plan terms

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Filing evidence

Open the selected public records

We use the latest valid received filing for each year after resolving amendments and duplicate records. Open the source to check the original filing.

Filing ACK_ID20260708092048NAL0016202419001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗