Plan Ledger DOL Form 5500 · updated monthly

Flagstar Bancorp, Inc401(k)

FLAGSTAR BANK 401(K) PLAN · TROY, MI · plan year 2022

Employer contribution per participant · 2022
$3,103

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.

Plan summary
Net assets, end of year$391,689,599
Participants with balances5,281
Active participants4,744
Employer contributions$14,720,566
Employee contributions$33,353,588
Employer contribution per active participant$3,103
Average account balance$74,170
Benefits paid to participants$36,559,224
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $10.8M emplr
2022$391.7M · 5,281 accts · $14.7M emplr
The Flagstar Bancorp, Inc 401(k) match · 2022
Employer contribution per active participant$3,103
Median for plans this size$4,065

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.

Administrative cost history2
2023Not separately reported
2022Not separately reported
Same employer
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Acrisure, LLC MI$1.1B · 0.05%
Michigan Credit Union League MI$996.3M · 0.19%
Emergent Holdings, Inc. MI$591.6M · 0.04%

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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.