Form 5500 · Employee benefit plan · CHARLOTTE, NC
DRIVEN BRANDS INC.
The filing calls this plan DRIVEN BRANDS INC. HEALTH AND WELFARE BENEFIT PLAN.
DRIVEN BRANDS INC. of CHARLOTTE, NC spreads its employee benefits across 6 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is MERCER HEALTH AND BENEFITS, LLC. Coverage is written through SUN LIFE ASSURANCE COMPANY OF CANADA and 5 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 20-0381531 · plan 501 · plan year 2024, filed Jun 20, 2025
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1,311 other employer plans in North Carolina have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: the largest of the 2 insured health contracts, with KAISER FOUNDATION HEALTH PLAN, INC., covers 73 of 8,372 participants (0.9%) on Schedule A.
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 7 insured contracts covering health, dental, vision, life and disability; the largest, with SUN LIFE ASSURANCE COMPANY OF CANADA, covers 2,534 people.
Reported premium across the insured contracts is $7,466,955, with $176,910 in disclosed broker commissions — about 2.4% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
MERCER HEALTH AND BENEFITS, LLC is the broker of record on 5 of the 7 contracts; the rest name a different broker or none.
6 carriers appear on the filing, including SUN LIFE ASSURANCE COMPANY OF CANADA, DELTA DENTAL OF NORTH CAROLINA, KAISER FOUNDATION HEALTH PLAN, INC. and METROPOLITAN LIFE INSURANCE COMPANY. SUN LIFE ASSURANCE COMPANY OF CANADA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| DELTA DENTAL OF NORTH CAROLINA | Dental | 5,365 | Jan 1, 2025 | $1,724,186 | $84,857 |
| SUN LIFE ASSURANCE COMPANY OF CANADA | Life, Disability | 2,534 | Jan 1, 2025 | $4,384,873 | $59,747 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 73 | Jan 1, 2025 | $590,380 | $20,301 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 26 | Jan 1, 2025 | $321,701 | $11,855 |
| SUN LIFE AND HEALTH INSURANCE COMPANY | Disability | 34 | Jan 1, 2025 | $1,788 | $150 |
| METROPOLITAN LIFE INSURANCE COMPANY | Vision | 4,612 | Jan 1, 2025 | $242,352 | $0 |
| CURALINC LLC | — | 12,542 | Jan 1, 2025 | $201,675 | $0 |
Premium and claims on this contract
DELTA DENTAL OF NORTH CAROLINA, contract 838010. For the contract year on this filing, the carrier reported $1,724,186 in premium earned and $1,180,849 in claims incurred. Dividing one by the other gives 68%.
- DELTA DENTAL OF NORTH CAROLINA, contract 838010 reported $284,663 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Other plans filed by this employer
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Renewal calendar
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