# Driven Brands INC. 401(k) Plan
Source: https://planprovider.pro/companies/driven-brands-inc-401k-plan

> Driven Brands INC.'s 401(k) plan: 6,716 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Driven Brands INC.

- **Sponsor EIN:** 200381531

- **Sponsor Address:** 440 S CHURCH ST, CHARLOTTE, NC, 282022059

- **Plan Type:** 401(k)

- **Total Participants:** 6,716

- **Total Assets:** $79.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|6,716|$79.9M|$5.3M|$9.7M|

| 2023|7,328|$66.2M|$5.0M|$9.2M|

| 2022|7,066|$45.3M|$2.3M|$6.5M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$247,197|—|$247,197|

| UBS FINANCIAL SERVICES INC|INVESTMENT ADVISORY|—|$49,080|$49,080|

| BAKER TILLY US, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [UBS FINANCIAL SERVICES INC](https://planprovider.pro/provider/aspire-financial-services) — INVESTMENT ADVISORY

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $296,277

- **Estimated Expense Ratio:** 0.371% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$247,197|—|$247,197|—|—|

| 2023|$301,236|—|$268,516|$32,720|—|

| 2022|$181,360|—|$181,360|—|—|

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