Retirement plan

CALLAWAY GOLF COMPANY 401(K) RETIREMENT INVESTMENT PLAN

Name: TOPGOLF CALLAWAY BRANDS CORP - CALLAWAY GOLF COMPANY 401(K) RETIREMENT INVESTMENT PLAN (2023) Form 5500
Creator: TOPGOLF CALLAWAY BRANDS CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALLAWAY GOLF COMPANY 401(K) RETIREMENT INVESTMENT PLAN, TOPGOLF CALLAWAY BRANDS CORP

TOPGOLF CALLAWAY BRANDS CORPEIN 95-3797580Plan #001PY 2023

2180 RUTHERFORD RD - CARLSBAD, CA 920087328760-930-5141topgolfcallawaybrands.comLinkedIn10001+ employeesentertainment

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$308.4M

-4.8% from 2016

Total participants

2,281

-0.7% from 2016

Average account balance

$137,242

-7.1% from 2016

Annual return

18.84%

-8.11 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$357.42M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

2,339

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP, INC Service code 15 · EIN 23-1945930	Recordkeeping	$183,651
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD ADVISERS INC Service code 26 · EIN 23-2811930	Advisory (Participants)	$78,951
SAGEVIEW ADVISORY GROUP, LLC2 years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 16 · EIN 33-0818667	Consulting	$45,000
BLUM SHAPIRO1 year Filed as: CLIFF LARSEN ALLEN Service code 99 · EIN 41-0746749	Other Fees	$20,963

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$319K

$191 / participant

Other / not subdivided$319K100.0%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: CLIFTONLARSENALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,242

$104,544+31.3%

$96,564+42.1%

$80,187+71.2%

Participation rate

98.0%

86.4%+11.6pp

76.0%+22.0pp

72.9%+25.0pp

Annual return

18.84%

21.79%-3.0pp

25.89%-7.1pp

40.40%-21.6pp

Employer contribution / active EE

$2,996

$3,527-15.1%

$2,967+1.0%

$2,980+0.6%

Participant deferral / active EE

$9,496

$6,170+53.9%

$4,852+95.7%

$5,016+89.3%

Admin fee / account holder

$142

$107+32.9%

$8,256-98.3%

$145-2.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP, INC

Service code 15 · EIN 23-1945930

Recordkeeping

$183,651

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD ADVISERS INC

Service code 26 · EIN 23-2811930

Advisory (Participants)

$78,951

SAGEVIEW ADVISORY GROUP, LLC2 years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 16 · EIN 33-0818667

Consulting

$45,000

BLUM SHAPIRO1 year

Filed as: CLIFF LARSEN ALLEN

Service code 99 · EIN 41-0746749

Other Fees

$20,963

CALLAWAY GOLF COMPANY 401(K) RETIREMENT INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALLAWAY GOLF COMPANY 401(K) RETIREMENT INVESTMENT PLAN

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