Under Armour, Inc. 401(k) Review & Grade
Under Armour 401(k) Plan
Baltimore, MDManufacturing12,873 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$867Employer $ per active participant
$1,717Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$382.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.0 / 508th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 32th |
| Employee saving | 5th |
| Peers that auto-enroll | 69% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($7,028 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Under Armour put in about $867 per active participant, below the typical peer ($5,480). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.14% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $11,159,942 |
| Participant (employee) contributions | $22,103,153 |
| Other contributions (incl. rollovers in) | $3,347,651 |
| Administrative expenses paid from the plan | $488,238 |
| Other admin expenses | $45,500 |
| Benefits paid out | $44,251,091 |
| Net assets, start / end of year | $340.9M / $382.2M |
| Active participants, start / end of year | 13,125 / 12,621 |
| Participants with account balances | 4,625 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pbmares |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $182,082 reported compensation |
| Mma Securities | $45,000 reported compensation |
| Roland Criss Fiduciary | $37,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922120956NAL0006656099001, received 2025-09-22, EIN 52-1990078, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.