Amwins Group, Inc. 401(k) Review & Grade
Amwins Group, Inc. 401(k) Plan
Charlotte, NCFinance & Insurance6,462 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,611Employer $ per active participant
$9,258Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$844.5MNet plan assets, end of year
$129,125Average balance per account
Score breakdown
- Employer generosity10.1 / 5020th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 61th |
| Employee saving | 58th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,809 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amwins Group put in about $2,611 per active participant, below the typical peer ($4,489). 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 | $16,871,957 |
| Participant (employee) contributions | $59,826,938 |
| Other contributions (incl. rollovers in) | $12,678,613 |
| Administrative expenses paid from the plan | $690,374 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $322,975 |
| Other admin expenses | $68,917 |
| Benefits paid out | $47,903,924 |
| Net assets, start / end of year | $692.9M / $844.5M |
| Active participants, start / end of year | 6,280 / 6,644 |
| Participants with account balances | 6,540 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bernard Robinson and Company LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $322,975 reported compensation |
| Fidelity Investments Institutional | $281,982 reported compensation |
| Creative Planning, LLC | $53,917 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014101448NAL0001211427001, received 2025-10-14, EIN 13-4009411, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.