Plan Ledger DOL Form 5500 · updated monthly

Sagicor Life Insurance Company401(k)

SAGICOR LIFE INSURANCE COMPANY RETIREMENT SAVINGS PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Sagicor Life Insurance Company reported $178,975 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,785 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 0.85% to 0.79%. 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 333rd-largest of 1,285 plans among Arizona employers on file, and 2,816th of 4,798 in finance & insurance. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,124,774
Participants with balances180
Active participants149
Employer contributions$564,031
Employee contributions$1,305,298
Employer contribution per active participant$3,785
Average account balance$128,471
Benefits paid to participants$4,044,816
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 180 accts · $564K emplr
2023$22.1M · 184 accts · $578K emplr
2022$18.9M · 180 accts · $551K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,779
Investment management$64,196
Total administrative$178,975
The Sagicor Life Insurance Company 401(k) match · 2024
Employer contribution per active participant$3,785
Median for plans this size$2,416
2024$3,785 per active participant
2023$3,707 per active participant
2022$3,701 per active participant

Sagicor Life Insurance Company's 2024 employer contribution ran above the $2,416 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 · 20244
KIRKE$52,534
KB PENSION SERVICES, INC. · Contract administrator$15,434
EMPOWER ADVISORY GROUP LLC · Investment management$11,400

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$178,975 · 0.79%
2023$158,334 · 0.77%
2022$196,447 · 0.85%
Same employer
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Avesis, LLC AZ$33.2M · 0.52%
Hughes Federal Credit Union AZ$27.5M · 0.70%
Homeowners Financial Group AZ$26.7M · 0.42%
Credit Union West AZ$22.9M · 0.57%
V.I.P. Mortgage, Inc. AZ$20.8M · 0.75%
Amerifirst Financial, Inc. AZ$15.1M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741915841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.