Plan Ledger DOL Form 5500 · updated monthly

American National Insurance Company401(k)

AMERICAN NATIONAL 401(K) PLAN · GALVESTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

American National Insurance Company reported $267,843 in plan administrative expenses for 2023: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,806 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 has held roughly steady near 0.068%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other finance & insurance employers. By assets it is the 224th-largest of 5,688 plans among Texas employers on file, and the 344th of 4,798 in finance & insurance. In 2023, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$418,867,698
Participants with balances5,869
Active participants4,224
Employer contributions$11,851,842
Employee contributions$21,076,268
Employer contribution per active participant$2,806
Average account balance$71,370
Benefits paid to participants$48,864,641
Plan auditUnmodified (clean) audit opinion
AuditorPANNEL KERR FORSTER OF TEXAS
Plan history2
Yearassets · accounts · employer contribution
2023$418.9M · 5,869 accts · $11.9M emplr
2022$369.7M · 6,034 accts · $11.2M emplr
Administrative expenses, itemized · 2023
Investment management$267,843
Total administrative$267,843
The American National Insurance Company 401(k) match · 2023
Employer contribution per active participant$2,806
Median for plans this size$4,362
2023$2,806 per active participant
2022$2,442 per active participant

American National Insurance Company's 2023 employer contribution ran below the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$267,843 · 0.07%
2022$273,554 · 0.07%
Same employer
Similar plansFinance & Insurance · Texas
Hcc Insurance Holdings, Inc. TX$560.6M · 0.10%
Rithm Capital LLC TX$516.7M · 0.07%
Dimensional Investment LLC TX$450.4M · 0.00%
Rithm Capital LLC TX$446.0M · 0.17%
Prosperity Bancshares, Inc. TX$383.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 740484030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.