Plan Ledger DOL Form 5500 · updated monthly

Jackson National Life Insurance Company401(k)

JACKSON NATIONAL LIFE INSURANCE COMPANY DEFINED CONTRIBUTION PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Jackson National Life Insurance Company reported $38,824 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,303 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 0.004% to 0.003%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 28th-largest of 2,619 plans among Michigan employers on file, and the 132nd of 4,798 in finance & insurance. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,423,050,582
Participants with balances4,596
Active participants3,980
Employer contributions$37,026,672
Employee contributions$32,636,691
Employer contribution per active participant$9,303
Average account balance$309,628
Benefits paid to participants$95,913,648
Plan auditUnmodified (clean) audit opinion
AuditorKPMG
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 4,596 accts · $37.0M emplr
2023$1.3B · 4,581 accts · $34.8M emplr
2022$1.1B · 4,650 accts · $32.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,131
Total administrative$38,824
The Jackson National Life Insurance Company 401(k) match · 2024
Employer contribution per active participant$9,303
Median for plans this size$5,259
2024$9,303 per active participant
2023$9,072 per active participant
2022$8,330 per active participant

Jackson National Life Insurance Company's 2024 employer contribution ran above the $5,259 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,131

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$38,824 · 0.00%
2023$43,228 · 0.00%
2022$47,426 · 0.00%
Same employer
Similar plansFinance & Insurance · Michigan
Ally Financial Inc. MI$2.9B · 0.03%
Rock Holdings, Inc. MI$2.2B · 0.07%
Acrisure, LLC MI$1.1B · 0.05%
Michigan Credit Union League MI$996.3M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381659835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.