401(k) · DOL Form 5500 · 2024

Driven Brands Inc. 401(k) Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
6,699
Participants Above avg headcount
89th
Percentile by assets National rank
$11,925
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

$80M in assets, 6,699 participants

Driven Brands Inc.'s Driven Brands, Inc. Employee Retirement Savings Plan reported $80M in total assets and 6,699 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,540 in Retail Trade (8,048 peers)

Coverage in North Carolina

Driven Brands, Inc. Employee Retirement Savings Plan covers 6,699 participants in North Carolina, 8.2x the typical North Carolina plan (state average ~819 per filing). Assets: $80M.

#7,540
in Retail Trade (8,048 peers)
+20.6%
assets growth YoY
0.8×
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 2024 · DOL Form 5500

$79,888,817 Top 11% higher than 89% of 123,620 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 2024

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

Plan-year 2024 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 (6,699 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Driven Brands, Inc. Employee Retirement Savings Plan end-of-year assets rose from $66M in the plan year 2023 filing to $80M in the plan year 2024 filing.
  • Driven Brands, Inc. Employee Retirement Savings Plan reported net income fell from $16M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • Driven Brands, Inc. Employee Retirement Savings Plan reported participants fell from 7,463 in the plan year 2023 filing to 6,699 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 200381531 · Driven Brands Inc. PY 2024 · 401(k)

Driven Brands, Inc. Employee Retirement Savings Plan · $80M · 6,699 · 89th

  • IND $80M
  • EOY 6,699
  • 5500 89th
  • ASSETS 401(k)
  • PCT near Vita Plus Corporation 401(k) Plan
  • EIN ind #7540

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

Mendes & Mount, LLP Retirement PlanMendes & Mount, LLP Retireme…$80MAltarum Institute Retirement & Savings PlanAltarum Institute Retirement…$80MPiper Aircraft, Inc. Retirement Savings PlanPiper Aircraft, Inc. Retirem…$80MDriven Brands, Inc. Employee Retirement Savings PlanDriven Brands, Inc. Employee…$80MVita Plus Corporation 401(k) PlanVita Plus Corporation 401(k)…$80M
End-of-year total assets ($M) among Driven Brands, Inc. Employee Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$80M
Net Income$14M
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 -20020406080 Total assets ($B) Participants Driven Brands, Inc. Employee Retirement Savings Plan, Total assets ($B): 0.079888817 · Participants: 6699Driven Brands, Inc. Employee Retirement Savings PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 $80M in end-of-year assets across 6,699 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $11,925 per participant (9% of the national average assets-per-participant) . Net income for plan year 2024 was $14M.

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 Open filing
2024 · index core 6,699 $80M This page

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 Vita Plus Corporation 401(k) Plan in WI ($80M); by covered participants it is Oakmont Management Group LLC 401(k) Plan in CA (6,699 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($80M here).

Similar participant headcount

Nearest other-state filings by covered participants (6,699 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Driven Brands, Inc. Employee Retirement Savings Plan grew sharply - up 20.6% during 2024, from $66M to $80M. Reported net income was $14M.
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 89th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Vita Plus Corporation 401(k) Plan in WI ($80M, 401 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 Oakmont Management Group LLC 401(k) Plan in CA (6,699 participants, $32M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.