401(k) · DOL Form 5500 · 2023

Under Armour, Inc. 401(k) Plan

Data updated 2026-08-25

$341M
Total assets Above avg plan size
11,667
Participants Very large workforce
96th
Percentile by assets National rank
$29,220
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Under Armour 401(k) Plan · Sponsored by Under Armour, Inc. · Maryland · Manufacturing

$341M in assets, 11,667 participants

Under Armour, Inc.'s Under Armour 401(k) Plan reported $341M in total assets and 11,667 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,674 in Manufacturing (18,722 peers)

Coverage in Maryland

Under Armour 401(k) Plan covers 11,667 participants in Maryland, 13x the typical Maryland plan (state average ~929 per filing). Assets: $341M.

#17,674
in Manufacturing (18,722 peers)
+26.0%
assets growth YoY
3.4×
vs typical plan assets (national mean)

Under Armour 401(k) Plan's outsized position by total assets

Under Armour 401(k) Plan vs every filed plan by assets

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

$340,909,714 Top 4% higher than 96% 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

Under Armour 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Under Armour 401(k) Plan is a mega filing (11,667 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Under Armour 401(k) Plan reported net income rose from -$41M in the plan year 2022 filing to $70M in the plan year 2023 filing.
  • Under Armour 401(k) Plan end-of-year assets rose from $271M in the plan year 2022 filing to $341M in the plan year 2023 filing.
  • Under Armour 401(k) Plan reported participants rose from 11,380 in the plan year 2022 filing to 11,667 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 521990078 · Under Armour, Inc. PY 2023 · 401(k)

Under Armour 401(k) Plan · $341M · 11,667 · 96th

  • EOY $341M
  • 5500 11,667
  • ASSETS 96th
  • PCT 401(k)
  • EIN near Cabinetworks Group 401(k) Plan
  • RANK ind #17674

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 Manufacturing retirement plans → · Plans in Maryland →

Under Armour 401(k) Plan in the asset neighbourhood

Flsmidth 401(k) Plan Trust$341MSystems Planning and Analysis, Inc. Profit Sharing Plan and TrustSystems Planning and Analysi…$341MBanc of California, Inc. 401(k) PlanBanc of California, Inc. 401…$341MUnder Armour 401(k) Plan$341MCabinetworks Group 401(k) PlanCabinetworks Group 401(k) Pl…$341M
End-of-year total assets ($M) among Under Armour 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$271M
Net Assets (End of Year)$341M
Net Income$70M
Employer EIN521990078
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Under Armour, Inc.)

Sponsor-wide plan assets over time

All Under Armour, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$382M 41.24450147592196% vs 2022
2024 filing year
$250M$300M$350M$400M 202220232024 $271M $382M ▲ +41.2%
Year Plans Participants Total Assets
2022 1 11,380 $271M
2023 1 11,667 $341M
2024 1 13,125 $382M

Nearby 401(k) Plans in Maryland

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

Under Armour 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Under Armour 401(k) Plan, Total assets ($B): 0.340909714 · Participants: 11667Under Armour 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Under Armour 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Under Armour 401(k) Plan side-by-side with 3 peers →

Scale composition for Under Armour 401(k) Plan

Under Armour 401(k) Plan reports $341M in end-of-year assets across 11,667 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $29,220 per participant (21% of the national average assets-per-participant) . Net income for plan year 2023 was $70M.

This plan identity (EIN 521990078, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $271M to $382M (+41.2%) while covered participants moved from 11,380 to 13,125 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 11,380 $271M Open filing
2023 11,667 $341M This page
2024 · index core 13,125 $382M Open filing

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

Under Armour 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Cabinetworks Group 401(k) Plan in TX ($341M); by covered participants it is The Pearson Retirement Plan 401(k) in NJ (11,655 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($341M here).

Similar participant headcount

Nearest other-state filings by covered participants (11,667 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 Under Armour 401(k) Plan assets move in 2023? ▼
Under Armour 401(k) Plan grew sharply - up 26.0% during 2023, from $271M to $341M. Reported net income was $70M.
How have Under Armour, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Under Armour, Inc.'s sponsor-wide assets grew 41.2%, from $271M to $382M.
Where does Under Armour 401(k) Plan rank by assets among Form 5500 filers? ▼
Under Armour 401(k) Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Under Armour 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cabinetworks Group 401(k) Plan in TX ($341M, 8,307 participants).
Which 401(k) plans cover a similar participant headcount to Under Armour 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Pearson Retirement Plan 401(k) in NJ (11,655 participants, $2.3B 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 521990078.

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.