Assuredpartners, Inc. 401(k) Review & Grade
Assuredpartners 401(k) Plan
Orlando, FLFinance & Insurance9,540 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,826Employer $ per active participant
$8,773Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$96,802Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 68th |
| Employee saving | 53th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($99 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $16,983 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Assuredpartners put in about $2,826 per active participant, below the typical peer ($4,489). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $26,963,750 |
| Participant (employee) contributions | $83,698,687 |
| Other contributions (incl. rollovers in) | $25,818,945 |
| Administrative expenses paid from the plan | $687,256 |
| Investment advisory & management fees | $250,560 |
| Other admin expenses | $2,400 |
| Benefits paid out | $78,500,680 |
| Net assets, start / end of year | $878.4M / $1.1B |
| Active participants, start / end of year | 9,326 / 9,755 |
| Participants with account balances | 10,906 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pivot Cpas |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $434,296 reported compensation |
| Capfinancial Partners LLC DBA Captr | $250,561 reported compensation |
| Charles Schwab & Co., Inc. | $1,143 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916095324NAL0001237267001, received 2025-09-16, EIN 27-5176829, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.