Plan Ledger DOL Form 5500 · updated monthly

American Family Mutual Insurance Company, S.I.401(k)

AMERICAN FAMILY 401(K) PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

American Family Mutual Insurance Company, S.I. reported $1,160,894 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $3,916 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 0.03% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 14th-largest of 1,936 plans among Wisconsin employers on file, and the 89th of 4,798 in finance & insurance. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has shrunk from 13,277 to 11,004 since 2022.

Plan summary
Net assets, end of year$2,192,533,344
Participants with balances16,303
Active participants11,004
Employer contributions$43,090,415
Employee contributions$102,944,426
Employer contribution per active participant$3,916
Average account balance$134,486
Benefits paid to participants$241,206,207
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2B · 16,303 accts · $43.1M emplr
2023$2.0B · 17,061 accts · $45.0M emplr
2022$1.7B · 18,176 accts · $45.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$219,977
Investment management$935,517
Total administrative$1,160,894
The American Family Mutual Insurance Company, S.I. 401(k) match · 2024
Employer contribution per active participant$3,916
Median for plans this size$5,259
2024$3,916 per active participant
2023$3,537 per active participant
2022$3,435 per active participant

American Family Mutual Insurance Company, S.I.'s 2024 employer contribution ran below the $5,259 median for plans its size. 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 · 20244
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$219,977
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants) · Investment management$1,046,099
QDRO CONSULTANTS · Consulting$5,400
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage · Investment advisory (participants)$1,014

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,160,894 · 0.06%
2023$1,344,004 · 0.07%
2022$646,998 · 0.03%
Same employer
Similar plansFinance & Insurance · Wisconsin
Empower Retirement, LLC CO$2.2B · 0.00%
Rock Holdings, Inc. MI$2.2B · 0.07%
Bnp Paribas NY$2.2B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390273710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.