Plan Ledger DOL Form 5500 · updated monthly

Fidelity & Guaranty Life Business Services, Inc.401(k)

FIDELITY & GUARANTY LIFE 401(K) PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Fidelity & Guaranty Life Business Services, Inc. reported $115,113 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $8,093 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 0.11% to 0.07%. 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 55th-largest of 878 plans among Iowa employers on file, and the 641st of 4,798 in finance & insurance. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 877 to 1,341 since 2022.

Plan summary
Net assets, end of year$177,201,159
Participants with balances1,574
Active participants1,341
Employer contributions$10,852,601
Employee contributions$15,413,948
Employer contribution per active participant$8,093
Average account balance$112,580
Benefits paid to participants$12,228,542
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$177.2M · 1,574 accts · $10.9M emplr
2023$133.6M · 1,351 accts · $8.5M emplr
2022$93.7M · 1,047 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,113
Total administrative$115,113
The Fidelity & Guaranty Life Business Services, Inc. 401(k) match · 2024
Employer contribution per active participant$8,093
Median for plans this size$3,635
2024$8,093 per active participant
2023$7,370 per active participant
2022$6,841 per active participant

Fidelity & Guaranty Life Business Services, Inc.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$65,113
RBC WEALTH MGMT A DIV OF RBC CAP M · Investment advisory (plan)$50,000

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$115,113 · 0.07%
2023$92,136 · 0.08%
2022$106,084 · 0.11%
Same employer
Similar plansFinance & Insurance · Iowa
Hma Group Holdings, LLC IA$245.4M · 0.16%
Veridian Credit Union IA$198.7M · 0.19%
Tmg Insurance Services, LLC IA$183.5M · 0.13%
Tmg Insurance Services, LLC IA$173.5M · 0.13%
Wellabe Services Company IA$162.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431914674 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.