Plan Snapshot
- Plan Sponsor: Flagstar Financial, INC.
- Sponsor EIN: 061377322
- Sponsor Address: 102 DUFFY AVENUE, HICKSVILLE, NY, 11801
- Plan Type: 401(k)
- Total Participants: 7,891
- Total Assets: $917.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,891 | $917.8M | $26.4M | $65.0M |
| 2023 | 4,657 | $544.9M | $9.6M | $24.3M |
| 2022 | 2,613 | $373.9M | $6.5M | $14.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | NONE | $415,956 | — | $415,956 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | NONE | $98,000 | — | $98,000 |
| KPMG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KPMG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $513,956
- Estimated Expense Ratio: 0.056% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $570,125 | $98,000 | — | — | — |
| 2023 | $571,073 | — | — | — | — |
| 2022 | $516,744 | — | — | — | $516,744 |