Varsity Brands, LLC 401(k) Review & Grade
Varsity Brands, LLC 401(k) Profit Sharing Plan
Farmers Branch, TXArts, Entertainment & Recreation6,174 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,257Employer $ per active participant
$4,268Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$405.8MNet plan assets, end of year
$65,578Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 66th |
| Employee saving | 76th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($52,650 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
- Varsity Brands put in about $1,257 per active participant, more than the typical peer ($1,107). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,761,690 |
| Participant (employee) contributions | $26,347,160 |
| Other contributions (incl. rollovers in) | $3,897,156 |
| Administrative expenses paid from the plan | $298,741 |
| Benefits paid out | $24,631,388 |
| Net assets, start / end of year | $393.1M / $405.8M |
| Active participants, start / end of year | 6,843 / 5,504 |
| Participants with account balances | 6,188 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lane Gorman Trubitt, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $240,724 reported compensation |
| Captrust Financial Partners LLC | $65,209 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164854NAL0010391330001, received 2025-10-15, EIN 22-2890400, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.