Plan Ledger DOL Form 5500 · updated monthly

Old National Bank401(k)

OLD NATIONAL BANK POOLED EMPLOYER PLAN · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Old National Bank reported $332,580 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,259 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 rose from 0.62% to 0.87%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 339th-largest of 1,562 plans among Indiana employers on file, and the 1,947th of 4,798 in finance & insurance. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,245,112
Participants with balances611
Active participants858
Employer contributions$1,079,992
Employee contributions$2,846,940
Employer contribution per active participant$1,259
Average account balance$65,868
Benefits paid to participants$3,751,642
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.2M · 611 accts · $1.1M emplr
2023$36.6M · 616 accts · $1.0M emplr
2022$30.1M · 602 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,493
Trustee / custodial$323,087
Total administrative$332,580
The Old National Bank 401(k) match · 2024
Employer contribution per active participant$1,259
Median for plans this size$2,416
2024$1,259 per active participant
2023$1,348 per active participant
2022$1,198 per active participant

Old National Bank's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$9,498
OLD NATIONAL BANK · Trustee$323,087
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

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$332,580 · 0.87%
2023$170,613 · 0.51%
2022$211,846 · 0.62%
Similar plansFinance & Insurance · Indiana
First Savings Bank IN$46.0M · 0.39%
Merchants Bancorp IN$45.8M · 0.42%
Purdue Federal Credit Union IN$43.3M · 0.20%
Mj Insurance Inc. IN$41.9M · 0.05%
Interra Credit Union IN$38.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351729164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.