German American Bancorp, Inc. 401(k) Review & Grade
German American Bancorp, Inc. 401(k) Savings Plan
Jasper, INFinance & Insurance864 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,630Employer $ per active participant
$6,318Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$120.9MNet plan assets, end of year
$115,760Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 93th |
| Employee saving | 40th |
| Peers that auto-enroll | 62% |
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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
- German American Bancorp put in about $2,630 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 | $2,272,726 |
| Participant (employee) contributions | $5,459,042 |
| Other contributions (incl. rollovers in) | $793,040 |
| Administrative expenses paid from the plan | $33,518 |
| Benefits paid out | $12,582,987 |
| Net assets, start / end of year | $107.7M / $120.9M |
| Active participants, start / end of year | 886 / 842 |
| Participants with account balances | 1,044 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Harding, Shymanski and Company, P.S |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $35,685 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825085323NAL0007424081001, received 2025-08-25, EIN 35-1547518, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.