Plan Ledger DOL Form 5500 · updated monthly

Securian Financial Group, Inc.401(k)

SECURIAN FINANCIAL GROUP, INC. PERFORMANCE SHARE PLAN · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Securian Financial Group, Inc. reported $140,837 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,856 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 0.006% to 0.015%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 42nd-largest of 1,918 plans among Minnesota employers on file, and the 186th of 4,798 in finance & insurance. In 2024, employees put in $3.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$980,598,088
Participants with balances4,062
Active participants2,772
Employer contributions$7,917,992
Employee contributions$28,332,192
Employer contribution per active participant$2,856
Average account balance$241,408
Benefits paid to participants$101,799,853
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$980.6M · 4,062 accts · $7.9M emplr
2023$915.6M · 4,573 accts · $9.9M emplr
2022$858.6M · 4,801 accts · $7.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,837
Total administrative$140,837
The Securian Financial Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,856
Median for plans this size$4,294
2024$2,856 per active participant
2023$3,445 per active participant
2022$2,469 per active participant

Securian Financial Group, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$140,837

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$140,837 · 0.01%
2023$38,090 · 0.00%
2022$61,000 · 0.01%
Same employer
Similar plansFinance & Insurance · Minnesota
Azoa Services Corporation MN$2.1B · 0.09%
Prime Therapeutics LLC MN$911.3M · 0.08%
Intact Services USA LLC MN$838.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411919752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.