Flagstar Bancorp, Inc401(k)
FLAGSTAR BANK 401(K) PLAN · TROY, MI · plan year 2022
Flagstar Bancorp, Inc's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $391,689,599 across 5,281 participant accounts, with employer contributions averaging $3,103 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other finance & insurance employers. By assets it is the 85th-largest of 2,619 plans among Michigan employers on file, and the 365th of 4,798 in finance & insurance. In 2022, employees put in $2.27 for every $1.00 the employer contributed.
Flagstar Bancorp, Inc's 2022 employer contribution ran below the $4,065 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 382734984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.