Plan Snapshot
- Plan Sponsor: Varsity Brands, LLC
- Sponsor EIN: 222890400
- Sponsor Address: 14460 VARSITY BRANDS WAY, FARMERS BRANCH, TX, 75244
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 6,592
- Total Assets: $480.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 6,592 | $480.9M | $0 | $0 |
| 2024 | 5,504 | $405.8M | $7.8M | $26.3M |
| 2023 | 6,843 | $393.1M | $7.7M | $26.7M |
| 2022 | 6,717 | $353.8M | $7.1M | $23.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $336,906 | — | $336,906 |
| CAPTRUST FINANCIAL PARTNERS LLC | Investment Advisor | $68,259 | — | $68,259 |
| LANE GORMAN TRUBITT, LLC | Recordkeeper | $40,500 | — | $40,500 |
| KSM BUSINESS SERVICES. INC | Recordkeeper | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $450,665
- Estimated Expense Ratio: 0.094% 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 |
|---|---|---|---|---|---|
| 2025 | $33,143,527 | — | $900 | $14,500 | — |
| 2024 | $298,741 | — | — | — | — |
| 2023 | $594,123 | — | $594,123 | — | — |
| 2022 | $647,563 | $81,894 | $565,669 | — | — |