Plan Ledger DOL Form 5500 · updated monthly

Selectquote Insurance Services401(k)

SELECTQUOTE RETIREMENT PLAN · OVERLAND PARK, KS · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Selectquote Insurance Services reported $270,708 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,763 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 0.29% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 53rd-largest of 828 plans among Kansas employers on file, and the 778th of 4,798 in finance & insurance. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has shrunk from 4,001 to 3,128 since 2022.

Plan summary
Net assets, end of year$139,765,086
Participants with balances2,513
Active participants3,128
Employer contributions$8,641,428
Employee contributions$19,631,829
Employer contribution per active participant$2,763
Average account balance$55,617
Benefits paid to participants$10,734,325
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$139.8M · 2,513 accts · $8.6M emplr
2023$103.9M · 2,477 accts · $5.3M emplr
2022$78.3M · 2,233 accts · $4.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$207,491
Investment management$63,217
Total administrative$270,708
The Selectquote Insurance Services 401(k) match · 2024
Employer contribution per active participant$2,763
Median for plans this size$3,635
2024$2,763 per active participant
2023$1,240 per active participant
2022$1,050 per active participant

Selectquote Insurance Services's 2024 employer contribution ran below the $3,635 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$270,258

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$270,708 · 0.22%
2023$225,425 · 0.25%
2022$198,749 · 0.29%
Same employer
Similar plansFinance & Insurance · Kansas
Mariner Wealth Advisors, LLC KS$278.3M · 0.09%
Sunflower Bank, N.A. KS$120.2M · 0.15%
Relation Insurance, Inc. KS$114.9M · 0.21%
The Midwest Trust Company KS$75.3M · 0.02%
Advisors Excel, LLC KS$73.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680027389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.