Plan Ledger DOL Form 5500 · updated monthly

Genworth Financial, Inc401(k)

GENWORTH FINANCIAL INC. RETIREMENT AND SAVINGS PLAN · GLEN ALLEN, VA · plan year 2025

Reported admin expense ratio · 2025
0.05%

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

Genworth Financial, Inc reported $494,944 in plan administrative expenses for 2025: 0.05% of average plan assets, above the peer median. Employer contributions averaged $9,231 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 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other finance & insurance employers. By assets it is the 44th-largest of 2,266 plans among Virginia employers on file, and the 168th of 4,798 in finance & insurance. In 2025, employees put in $1.16 for every $1.00 the employer contributed; active participation has grown from 2,363 to 2,939 since 2022.

Plan summary
Net assets, end of year$1,072,511,290
Participants with balances4,469
Active participants2,939
Employer contributions$27,130,767
Employee contributions$31,436,860
Employer contribution per active participant$9,231
Average account balance$239,989
Benefits paid to participants$96,458,157
Plan auditUnmodified (clean) audit opinion
AuditorKPMG LLP
Plan history4
Yearassets · accounts · employer contribution
2025$1.1B · 4,469 accts · $27.1M emplr
2024$955.5M · 4,426 accts · $24.5M emplr
2023$847.2M · 4,295 accts · $17.6M emplr
2022$741.4M · 4,203 accts · $20.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$45,880
Investment management$449,064
Total administrative$494,944
The Genworth Financial, Inc 401(k) match · 2025
Employer contribution per active participant$9,231
Median for plans this size$5,084
2025$9,231 per active participant
2024$8,737 per active participant
2023$6,811 per active participant
2022$8,524 per active participant

Genworth Financial, Inc's 2025 employer contribution ran above the $5,084 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
BLACKROCK INSTL TRUST COMPANY NA · Trustee · Trustee (discretionary)$295,691
ALIGHT FINANCIAL ADVISORS, LLC · Investment advisory (participants)$153,373
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$31,678
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,203
WEALTH MANAGEMENT SYSTEMS INC · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$494,944 · 0.05%
2024$504,741 · 0.06%
2023$453,408 · 0.06%
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Virginia
Navy Federal Credit Union VA$3.2B · 0.04%
Markel Group Inc. VA$982.2M · 0.03%
Davenport & Company LLC VA$416.4M · 0.00%
Townebank VA$391.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800873306 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.