401(k) · DOL Form 5500 · 2023

Driven Brands Inc. 401(k) Plan

Data updated 2026-08-25

$66M
Total assets Below avg plan size
7,463
Participants Very large workforce
88th
Percentile by assets National rank
$8,876
Avg per participant Low balance/head
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Official DOL plan name: Driven Brands, Inc. Employee Retirement Savings Plan · Sponsored by Driven Brands Inc. · North Carolina · Retail Trade

$66M in assets, 7,463 participants

Driven Brands Inc.'s Driven Brands, Inc. Employee Retirement Savings Plan reported $66M in total assets and 7,463 participants in its 2023 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,867 in Retail Trade (8,414 peers)

Coverage in North Carolina

Driven Brands, Inc. Employee Retirement Savings Plan covers 7,463 participants in North Carolina, 9.1x the typical North Carolina plan (state average ~819 per filing). Assets: $66M.

#7,867
in Retail Trade (8,414 peers)
+46.1%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Driven Brands, Inc. Employee Retirement Savings Plan's outsized position by total assets

Driven Brands, Inc. Employee Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$66,241,465 Top 12% higher than 88% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Driven Brands, Inc. Employee Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Driven Brands, Inc. Employee Retirement Savings Plan lands in the large band (7,463 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Driven Brands, Inc. Employee Retirement Savings Plan reported net income rose from -$3M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Driven Brands, Inc. Employee Retirement Savings Plan end-of-year assets rose from $45M in the plan year 2022 filing to $66M in the plan year 2023 filing.
  • Driven Brands, Inc. Employee Retirement Savings Plan reported participants rose from 6,629 in the plan year 2022 filing to 7,463 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 200381531 · Driven Brands Inc. PY 2023 · 401(k)

Driven Brands, Inc. Employee Retirement Savings Plan · $66M · 7,463 · 88th

  • SCH $66M
  • SCH 7,463
  • SCH 88th
  • SCH 401(k)
  • SCH near Choptank Electric Cooperative 401(k) Plan
  • SCH ind #7867

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in North Carolina →

Driven Brands, Inc. Employee Retirement Savings Plan in the asset neighbourhood

Jsp International Group, Ltd. and Affiliates 401(k) Salary Savings PlanJsp International Group, Ltd…$66MDriven Brands, Inc. Employee Retirement Savings PlanDriven Brands, Inc. Employee…$66MChoptank Electric Cooperative 401(k) PlanChoptank Electric Cooperativ…$66MCreative Office Resources 401(k) Plan & TrustCreative Office Resources 40…$66MMatrix Technologies Profit Sharing & Savings PlanMatrix Technologies Profit S…$66M
End-of-year total assets ($M) among Driven Brands, Inc. Employee Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$66M
Net Income$16M
Employer EIN200381531
Plan Effective Date2003-08-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Driven Brands Inc.)

Sponsor-wide plan assets over time

All Driven Brands Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$80M 76.1665567548074% vs 2022
2024 filing year
$40M$60M$80M$100M 202220232024 $45.4M $79.9M ▲ +76.2%
Year Plans Participants Total Assets
2022 1 6,629 $45M
2023 1 7,463 $66M
2024 1 6,699 $80M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Driven Brands, Inc. Employee Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Driven Brands, Inc. Employee Retirement Savings Plan, Total assets ($B): 0.066241465 · Participants: 7463Driven Brands, Inc. Employee Retirement Savings PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Driven Brands, Inc. Employee Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Driven Brands, Inc. Employee Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Driven Brands, Inc. Employee Retirement Savings Plan

Driven Brands, Inc. Employee Retirement Savings Plan reports $66M in end-of-year assets across 7,463 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $8,876 per participant (6% of the national average assets-per-participant) . Net income for plan year 2023 was $16M.

This plan identity (EIN 200381531, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $45M to $80M (+76.2%) while covered participants moved from 6,629 to 6,699 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,629 $45M Open filing
2023 7,463 $66M This page
2024 · index core 6,699 $80M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Driven Brands, Inc. Employee Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Choptank Electric Cooperative 401(k) Plan in MD ($66M); by covered participants it is Riverside Health System 401(k) Savings Plan in VA (7,461 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (7,463 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Driven Brands, Inc. Employee Retirement Savings Plan assets move in 2023? ▼
Driven Brands, Inc. Employee Retirement Savings Plan surged - up 46.1% during 2023, from $45M to $66M. Reported net income was $16M.
How have Driven Brands Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Driven Brands Inc.'s sponsor-wide assets grew 76.2%, from $45M to $80M.
Where does Driven Brands, Inc. Employee Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Driven Brands, Inc. Employee Retirement Savings Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Driven Brands, Inc. Employee Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Choptank Electric Cooperative 401(k) Plan in MD ($66M, 142 participants).
Which 401(k) plans cover a similar participant headcount to Driven Brands, Inc. Employee Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Riverside Health System 401(k) Savings Plan in VA (7,461 participants, $275M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 200381531.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.