Retirement plan

UNDER ARMOUR 401(K) PLAN

Name: UNDER ARMOUR, INC. - UNDER ARMOUR 401(K) PLAN (2016) Form 5500
Creator: UNDER ARMOUR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNDER ARMOUR 401(K) PLAN, UNDER ARMOUR, INC.

UNDER ARMOUR, INC.EIN 52-1990078Plan #001PY 2016

1020 HULL STREET - BALTIMORE, MD 21230410-468-2512underarmour.comLinkedIn10001+ employeesapparel & fashion

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed July 3, 2024 (most recent of 2 filings on file)

Plan administrator

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1020 Hull Street

Baltimore, MD 21230

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Plans declared (1)

Executive Severance Program20 emp

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Total assets (EOY)

$135M

-24.3% from 2016

Total participants

10,957

-14.5% from 2016

Average account balance

$32,531

-5.1% from 2016

Annual return

14.98%

-9.70 pp from 2016

Benchmarks

See 979 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort979 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$382.16M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$83K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,625

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

23.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$106

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE CENTURION GROUP, LLC1 year Filed as: THE CENTURION GROUP LLC Service code 27 610 W GERMANTOWN AVE · PLYMOUTH MEETING, PA 19462	Advisory (Plan)	$45,000
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$18,093
RSM US LLP2+ years Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$18,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$82K

$8 / participant

Investment mgmt$45K54.8%
Other / not subdivided$37K45.2%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,531

$329,111-90.1%

$69,779-53.4%

$329,111-90.1%

Participation rate

34.0%

67.9%-33.8pp

71.8%-37.8pp

67.9%-33.8pp

Annual return

14.98%

16.35%-1.4pp

12.99%+2.0pp

16.35%-1.4pp

Employer contribution / active EE

$851

$2,303-63.0%

$2,338-63.6%

$2,303-63.0%

Participant deferral / active EE

$1,694

$3,682-54.0%

$2,931-42.2%

$3,682-54.0%

Admin fee / account holder

$20

$754-97.4%

$4,381-99.5%

$754-97.4%

Provider

Service type

Compensation

THE CENTURION GROUP, LLC1 year

Filed as: THE CENTURION GROUP LLC

Service code 27

610 W GERMANTOWN AVE · PLYMOUTH MEETING, PA 19462

Advisory (Plan)

$45,000

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$18,093

RSM US LLP2+ years

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$18,000

UNDER ARMOUR 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNDER ARMOUR 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion