Plan Ledger DOL Form 5500 · updated monthly

Varsity Brands, LLC401(k)

VARSITY BRANDS, LLC 401(K) PROFIT SHARING PLAN · FARMERS BRANCH, TX · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Varsity Brands, LLC reported $298,741 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $1,410 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 0.17% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 232nd-largest of 5,688 plans among Texas employers on file, and the 26th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $3.39 for every $1.00 the employer contributed; active participation has shrunk from 6,717 to 5,504 since 2022.

Plan summary
Net assets, end of year$405,799,610
Participants with balances6,188
Active participants5,504
Employer contributions$7,761,690
Employee contributions$26,347,160
Employer contribution per active participant$1,410
Average account balance$65,578
Benefits paid to participants$24,631,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$405.8M · 6,188 accts · $7.8M emplr
2023$393.1M · 7,567 accts · $7.7M emplr
2022$353.8M · 7,369 accts · $7.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$298,741
Total administrative$298,741
The Varsity Brands, LLC 401(k) match · 2024
Employer contribution per active participant$1,410
Median for plans this size$4,294
2024$1,410 per active participant
2023$1,127 per active participant
2022$1,057 per active participant

Varsity Brands, LLC'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$240,724
CAPTRUST FINANCIAL PARTNERS LLC · Investment advisory (plan) · Investment management$65,209

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

Administrative cost history3
2024$298,741 · 0.07%
2023$594,123 · 0.16%
2022$647,563 · 0.17%
Similar plansArts, Entertainment & Recreation · Texas
Warner Music Group NY$446.3M · 0.10%
Creative Artists Agency, LLC CA$436.8M · 0.04%
Mashantucket Pequot Tribe CT$424.9M · 0.01%
Seminole Tribe of Florida FL$395.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222890400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.