Plan Ledger DOL Form 5500 · updated monthly

Star Financial Group, Inc.401(k)

STAR FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Star Financial Group, Inc. reported $15,823 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,435 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 0.030% to 0.028%. 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 255th-largest of 1,562 plans among Indiana employers on file, and the 1,489th of 4,798 in finance & insurance. In 2024, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,751,911
Participants with balances614
Active participants467
Employer contributions$1,137,370
Employee contributions$3,144,189
Employer contribution per active participant$2,435
Average account balance$95,687
Benefits paid to participants$6,911,520
Plan auditUnmodified (clean) audit opinion
AuditorBADEN GAGE & SCHROEDER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$58.8M · 614 accts · $1.1M emplr
2023$53.8M · 629 accts · $1.1M emplr
2022$44.9M · 626 accts · $981K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,323
Audit (IQPA)$12,500
Total administrative$15,823
The Star Financial Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,435
Median for plans this size$3,635
2024$2,435 per active participant
2023$2,385 per active participant
2022$2,019 per active participant

Star Financial Group, Inc.'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 · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$3,325
BADEN GAGE AND SCHROEDER, LLC · Accounting / audit$12,500

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$15,823 · 0.03%
2023$15,521 · 0.03%
2022$15,734 · 0.03%
Same employer
Similar plansFinance & Insurance · Indiana
Forum Credit Union IN$62.5M · 0.02%
First Financial Corporation IN$59.6M · 0.07%
Shepherd Insurance, LLC IN$55.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351658268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.