Plan Ledger DOL Form 5500 · updated monthly

Aaa Life Insurance Company401(k)

AAA LIFE INSURANCE PENSION AND 401K PLAN · LIVONIA, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Aaa Life Insurance Company reported $144,215 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $6,791 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.14% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 298th-largest of 2,619 plans among Michigan employers on file, and the 1,013th of 4,798 in finance & insurance. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 640 to 860 since 2022.

Plan summary
Net assets, end of year$98,463,571
Participants with balances1,030
Active participants860
Employer contributions$5,840,359
Employee contributions$5,675,266
Employer contribution per active participant$6,791
Average account balance$95,596
Benefits paid to participants$8,320,266
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$98.5M · 1,030 accts · $5.8M emplr
2023$81.8M · 997 accts · $4.0M emplr
2022$67.7M · 809 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,975
Investment management$82,790
Total administrative$144,215
The Aaa Life Insurance Company 401(k) match · 2024
Employer contribution per active participant$6,791
Median for plans this size$3,635
2024$6,791 per active participant
2023$5,009 per active participant
2022$5,524 per active participant

Aaa Life Insurance Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
WELLS FARGO ADVISORS$33,333
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$24,891
BDO$14,870
WELLS FARGO ADVISORS$6,667
MORNINGSTAR · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$144,215 · 0.16%
2023$128,252 · 0.17%
2022$102,687 · 0.14%
Same employer
Similar plansFinance & Insurance · Michigan
Dfcu Financial MI$130.7M · 0.02%
Mercantile Bank MI$125.0M · 0.27%
Dp Fox Holdings, LLC MI$112.9M · 0.35%
Meadowbrook, Inc. MI$96.5M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520891929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.