Assurant, Inc. 401(k) Review & Grade
Assurant 401(k) Plan
Atlanta, GAManagement of Companies10,018 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,251Employer $ per active participant
$6,497Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$143,571Average balance per account
Score breakdown
- Employer generosity34.8 / 5070th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 77th |
| Employee saving | 61th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,109 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Assurant put in about $4,251 per active participant, more than the typical peer ($2,229). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $42,588,670 |
| Participant (employee) contributions | $65,087,343 |
| Other contributions (incl. rollovers in) | $14,144,822 |
| Administrative expenses paid from the plan | $829,073 |
| Other admin expenses | $829,073 |
| Benefits paid out | $166,601,158 |
| Net assets, start / end of year | $1.9B / $2.2B |
| Active participants, start / end of year | 9,941 / 10,096 |
| Participants with account balances | 15,020 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Price Waterhouse Coopers, LLC |
| Employer stock held by plan | $47,221,833 |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $851,185 reported compensation |
| Nepc, LLC | $60,308 reported compensation |
| Adp Inc | $8,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250630131053NAL0028836818001, received 2025-06-30, EIN 39-1126612, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.