Plan Ledger DOL Form 5500 · updated monthly

Frankenmuth Insurance Company401(k)

FRANKENMUTH INSURANCE 401(K) SAVINGS PLAN · FRANKENMUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Frankenmuth Insurance Company reported $208,412 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $5,304 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 3 years on file its reported administrative ratio has held roughly steady near 0.09%. 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 130th-largest of 2,619 plans among Michigan employers on file, and the 528th of 4,798 in finance & insurance. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$231,793,984
Participants with balances1,050
Active participants880
Employer contributions$4,667,726
Employee contributions$7,708,551
Employer contribution per active participant$5,304
Average account balance$220,756
Benefits paid to participants$22,953,693
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$231.8M · 1,050 accts · $4.7M emplr
2023$211.7M · 1,025 accts · $4.3M emplr
2022$181.5M · 977 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,485
Investment management$69,427
Total administrative$208,412
The Frankenmuth Insurance Company 401(k) match · 2024
Employer contribution per active participant$5,304
Median for plans this size$3,635
2024$5,304 per active participant
2023$5,000 per active participant
2022$4,868 per active participant

Frankenmuth Insurance Company's 2024 employer contribution ran above the $3,635 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 · 20245
STIFEL NICOLAUS & CO INC · Investment advisory (plan)$65,000
REHMANN LLC DBA REHMANN FINANCIAL G$13,500
ADVISED ASSETS GROUP, LLC · Investment management$4,247
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$180

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$208,412 · 0.09%
2023$176,149 · 0.09%
2022$197,185 · 0.10%
Same employer
Similar plansFinance & Insurance · Michigan
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 380555290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.