Acrisure, LLC 401(k) Review & Grade
Acrisure 401(k) Savings Plan
Grand Rapids, MIFinance & Insurance12,474 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,309Employer $ per active participant
$6,395Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$106,839Average balance per account
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 68th |
| Employee saving | 6th |
| Peers that auto-enroll | 74% |
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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 ($35,496,602 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $713 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Acrisure put in about $2,309 per active participant, below the typical peer ($5,179). 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 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 | $28,805,216 |
| Participant (employee) contributions | $79,774,379 |
| Other contributions (incl. rollovers in) | $20,128,224 |
| Administrative expenses paid from the plan | $543,837 |
| Contract administrator fees | $403,385 |
| Investment advisory & management fees | $64,543 |
| Other admin expenses | $59,579 |
| Benefits paid out | $103,184,075 |
| Net assets, start / end of year | $856.4M / $1.1B |
| Active participants, start / end of year | 12,699 / 12,249 |
| Participants with account balances | 10,615 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $400,435 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $125,000 reported compensation |
| Sikich CPA LLC | $16,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014120341NAL0001347635001, received 2025-10-14, EIN 26-3554645, plan #025, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.