Asurion LLC 401(k) Review & Grade
Asurion, LLC 401(k) Plan
Nashville, TNFinance & Insurance8,988 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,575Employer $ per active participant
$5,296Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$733.3MNet plan assets, end of year
$68,154Average balance per account
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score32 / 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 | 19th |
| Lower admin cost | 43th |
| Employee saving | 14th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Asurion put in about $2,575 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.
- 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 | $23,142,781 |
| Participant (employee) contributions | $47,593,568 |
| Other contributions (incl. rollovers in) | $5,490,641 |
| Administrative expenses paid from the plan | $1,066,927 |
| Contract administrator fees | $1,066,927 |
| Benefits paid out | $91,209,035 |
| Net assets, start / end of year | $650.0M / $733.3M |
| Active participants, start / end of year | 9,670 / 8,305 |
| Participants with account balances | 10,760 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,066,927 reported compensation |
| Capfinancial Partners, LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008122950NAL0005844689001, received 2025-10-08, EIN 94-3197174, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.