Plan Ledger DOL Form 5500 · updated monthly

The Western and Southern Life Insurance Company401(k)

WESTERN & SOUTHERN FINANCIAL GROUP EMPLOYEE RETIREMENT 401(K) SAVINGS PLAN · CINCINNATI, OH · plan year 2024

Employer contribution per participant · 2024
$2,288

The Western and Southern Life Insurance Company's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $574,844,697 across 4,221 participant accounts, with employer contributions averaging $2,288 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.07% to 0.01%. 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 93rd-largest of 3,295 plans among Ohio employers on file, and the 282nd of 4,798 in finance & insurance. In 2024, employees put in $3.60 for every $1.00 the employer contributed; active participation has grown from 2,955 to 3,257 since 2022.

Plan summary
Net assets, end of year$574,844,697
Participants with balances4,221
Active participants3,257
Employer contributions$7,453,020
Employee contributions$26,853,357
Employer contribution per active participant$2,288
Average account balance$136,187
Benefits paid to participants$38,816,083
Plan auditUnmodified (clean) audit opinion
AuditorCLARK SCHAEFFER HACKETT
Plan history3
Yearassets · accounts · employer contribution
2024$574.8M · 4,221 accts · $7.5M emplr
2023$500.3M · 4,246 accts · $7.1M emplr
2022$417.6M · 4,205 accts · $6.5M emplr
Administrative expenses, itemized · 2024
Investment management$15,062
Total administrative-$6,126
The The Western and Southern Life Insurance Company 401(k) match · 2024
Employer contribution per active participant$2,288
Median for plans this size$4,294
2024$2,288 per active participant
2023$2,396 per active participant
2022$2,196 per active participant

The Western and Southern Life Insurance Company's 2024 employer contribution ran below the $4,294 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.

Service providers · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$15,062

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

Administrative cost history3
2024Not separately reported
2023$32,615 · 0.01%
2022$299,950 · 0.07%
Same employer
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Medical Mutual of Ohio OH$799.4M · 0.02%
Broadstreet Partners, Inc. OH$513.6M · 0.05%
Worldpay, LLC OH$407.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310487145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.