Plan Ledger DOL Form 5500 · updated monthly

Under Armour, Inc.401(k)

UNDER ARMOUR 401(K) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Under Armour, Inc. reported $488,238 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $884 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.19% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 50th-largest of 1,671 plans among Maryland employers on file, and the 700th of 13,661 in manufacturing. In 2024, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$382,161,225
Participants with balances4,625
Active participants12,621
Employer contributions$11,159,942
Employee contributions$22,103,153
Employer contribution per active participant$884
Average account balance$82,629
Benefits paid to participants$44,251,091
Plan auditUnmodified (clean) audit opinion
AuditorPBMARES
Plan history3
Yearassets · accounts · employer contribution
2024$382.2M · 4,625 accts · $11.2M emplr
2023$340.9M · 4,909 accts · $13.4M emplr
2022$270.6M · 5,227 accts · $11.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$219,582
Audit (IQPA)$6,000
Total administrative$488,238
The Under Armour, Inc. 401(k) match · 2024
Employer contribution per active participant$884
Median for plans this size$4,294
2024$884 per active participant
2023$1,023 per active participant
2022$992 per active participant

Under Armour, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$182,082
MMA SECURITIES · Consulting$45,000
ROLAND CRISS FIDUCIARY · Other services$37,500
PB MARES · Accounting / audit$6,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$488,238 · 0.14%
2023$540,341 · 0.18%
2022$554,968 · 0.19%
Same employer
Similar plansManufacturing · Maryland
Evapco, Inc. MD$1.1B · 0.00%
McCormick & Company, Inc. MD$968.2M · 0.08%
W.R. Grace & Co. MD$813.4M · 0.04%
Ciena Corporation MD$718.8M · 0.01%
Apex Tool Group, LLC MD$276.3M · 0.11%
The Esab Group, Inc. MD$222.0M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521990078 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.