2023 Form 5500 filing — Driven Brands, Inc. Employee Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241003084337NAL0010296817001) for Driven Brands, Inc. Employee Retirement Savings Plan, reported by Driven Brands Inc. under EIN 20-0381531 and plan number 003. It reports 7,859 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$66.2MReported net assets$66,241,465
Participants7.9K7,859
Provider compensation$343.7K3 Schedule C row(s)$343,692
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241003084337NAL0010296817001
- Plan sponsor
- Driven Brands Inc.
- EIN
- 20-0381531
- Plan number
- 003
- Location
- Charlotte, NC
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$66.2M total assets
Net assets$66.2MLiabilities$0
Full reported line items
- Total assets (EOY)
- $66,241,465
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $66,241,465
- Employer contributions
- $4,958,352
- Participant contributions
- $9,152,284
- Total income / additions
- $26,504,788
- Benefits paid
- $9,255,457
- Administrative expenses
- $301,236
- Total expenses
- $10,440,033
- Net increase / (decrease)
- $16,064,755
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $268,492 | $0 |
| Ubs Financial Services Inc | INVESTMENT ADVISORY | $0 | $48,000 |
| Duffy Kruspodin, Llp | ACCOUNTANT | $27,200 | not reported in the loaded dataset |