Plan Ledger DOL Form 5500 · updated monthly

Asurion LLC401(k)

ASURION, LLC 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Asurion LLC reported $1,066,927 in plan administrative expenses for 2024: 0.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,787 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 fell from 0.24% to 0.15%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 34th-largest of 1,496 plans among Tennessee employers on file, and the 230th of 4,798 in finance & insurance. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has shrunk from 11,589 to 8,305 since 2022.

Plan summary
Net assets, end of year$733,332,405
Participants with balances10,760
Active participants8,305
Employer contributions$23,142,781
Employee contributions$47,593,568
Employer contribution per active participant$2,787
Average account balance$68,154
Benefits paid to participants$91,209,035
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$733.3M · 10,760 accts · $23.1M emplr
2023$650.0M · 11,844 accts · $23.8M emplr
2022$538.6M · 13,975 accts · $24.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,066,927
Total administrative$1,066,927
The Asurion LLC 401(k) match · 2024
Employer contribution per active participant$2,787
Median for plans this size$4,294
2024$2,787 per active participant
2023$2,540 per active participant
2022$2,120 per active participant

Asurion LLC's 2024 employer contribution ran below the $4,294 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$1,066,927
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
CAPFINANCIAL PARTNERS, LLC · Investment advisory (participants)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$1,066,927 · 0.15%
2023$1,136,908 · 0.19%
2022$1,423,716 · 0.24%
Same employer
Similar plansFinance & Insurance · Tennessee
First Horizon Corporation TN$1.3B · 0.10%
Pinnacle Bank TN$564.6M · 0.01%
Eastman Credit Union TN$146.1M · 0.02%
Fb Financial Corporation TN$138.3M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943197174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.