Plan Ledger DOL Form 5500 · updated monthly

Comerica Incorporated401(k) + ESOP (KSOP)

COMERICA INCORPORATED PREFERRED SAVINGS PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Comerica Incorporated reported $391,719 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,806 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 rose from 0.01% to 0.02%. 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 69th-largest of 5,688 plans among Texas employers on file, and the 101st of 4,798 in finance & insurance. In 2024, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,972,747,162
Participants with balances10,994
Active participants7,885
Employer contributions$30,012,592
Employee contributions$64,784,662
Employer contribution per active participant$3,806
Average account balance$179,439
Benefits paid to participants$204,346,049
Plan auditUnmodified (clean) audit opinion
AuditorERNST YOUNG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.0B · 10,994 accts · $30.0M emplr
2023$1.8B · 11,081 accts · $26.9M emplr
2022$1.6B · 10,947 accts · $24.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$182,276
Investment management$209,443
Total administrative$391,719
The Comerica Incorporated 401(k) match · 2024
Employer contribution per active participant$3,806
Median for plans this size$5,259
2024$3,806 per active participant
2023$3,430 per active participant
2022$3,196 per active participant

Comerica Incorporated'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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$209,443
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$182,248

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$391,719 · 0.02%
2023$354,061 · 0.02%
2022$200,068 · 0.01%
Same employer
Similar plansFinance & Insurance · Texas
Svb Financial Group TX$1.2B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381998421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.