American United Life Insurance Company 401(k) Review & Grade
American United Life Progress Sharing Plan and Trust
Indianapolis, INFinance & Insurance2,173 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,085Employer $ per active participant
$9,830Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$538.4MNet plan assets, end of year
$166,646Average balance per account
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 93th |
| Employee saving | 75th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,481 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 $3,085 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.
- 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 | $6,703,397 |
| Participant (employee) contributions | $21,361,461 |
| Other contributions (incl. rollovers in) | $1,662,485 |
| Administrative expenses paid from the plan | $160,060 |
| Contract administrator fees | $21,213 |
| Investment advisory & management fees | $120,447 |
| Benefits paid out | $45,982,309 |
| Net assets, start / end of year | $493.5M / $538.4M |
| Active participants, start / end of year | 2,520 / 1,826 |
| Participants with account balances | 3,231 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Future Capital | $61,783 reported compensation |
| Feg Advisors | $58,664 reported compensation |
| Willis Towers Watson US LLC | $18,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002130617NAL0000352819001, received 2025-10-02, EIN 35-0145825, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.