Plan5500

Driven Brands, Inc. Employee Retirement Savings Plan — Form 5500 plan (Driven Brands Inc.)

Plain-English plan 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, Driven Brands, Inc. Employee Retirement Savings Plan is a benefit plan reported by Driven Brands Inc. under EIN 20-0381531 and plan number 003. The latest loaded filing year is 2023. The filing reports 7,859 participants and $66,241,465 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Driven Brands Inc.
EIN
20-0381531
Plan number
003
Plan type
2
Location
Charlotte, NC
Latest filing year
2023
Participants
7,859
End-of-year plan assets
$66,241,465

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20237,859H, C20241003084337NAL0010296817001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$66,241,465
Total liabilities (EOY)
$0
Net assets (EOY)
$66,241,465
Net assets (BOY)
$45,348,458

Income & contributions

Employer contributions
$4,958,352
Participant contributions
$9,152,284
Total contributions
$17,585,295
Total income / additions
$26,504,788

Expenses & distributions

Benefits paid
$9,255,457
Administrative expenses
$301,236
Total expenses
$10,440,033
Net increase / (decrease)
$16,064,755

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$268,492$02023
Ubs Financial Services IncINVESTMENT ADVISORY$0$48,0002023
Duffy Kruspodin, LlpACCOUNTANT$27,200not reported in the loaded dataset2023

Related Form 5500 pages