American United Life Insurance Company 401(k) Review & Grade
American United Life Insurance Company Agents 401k Plan
Indianapolis, INFinance & Insurance758 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,830Employer $ per active participant
$3,971Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$59.8MNet plan assets, end of year
$106,263Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 82th |
| Employee saving | 13th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,129 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- American United Life Insurance put in about $2,830 per active participant, below the typical peer ($3,606). 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.
- 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 | $2,146,750 |
| Participant (employee) contributions | $3,012,011 |
| Other contributions (incl. rollovers in) | $298,451 |
| Administrative expenses paid from the plan | $38,632 |
| Investment advisory & management fees | $7,132 |
| Benefits paid out | $3,512,588 |
| Net assets, start / end of year | $51.1M / $59.8M |
| Active participants, start / end of year | 732 / 785 |
| Participants with account balances | 563 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Forvis Mazars LLP | $19,500 reported compensation |
| Willis Towers Watson US LLC | $12,000 reported compensation |
| Feg Advisors | $5,984 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002130333NAL0001263778001, received 2025-10-02, EIN 35-0145825, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.