Fremont Bancorporation 401(k) Review & Grade
Fremont Bank Employee Stock Ownership and 401(k) Plan
Fremont, CAFinance & Insurance741 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,217Employer $ per active participant
$9,243Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$208.7MNet plan assets, end of year
$227,567Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost23.9 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 96th |
| Employee saving | 70th |
| 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
- Fremont Bancorporation put in about $4,217 per active participant, more than the typical peer ($3,606). 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.
- 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 | $3,124,957 |
| Participant (employee) contributions | $6,848,785 |
| Other contributions (incl. rollovers in) | $1,078,197 |
| Administrative expenses paid from the plan | $37,497 |
| Contract administrator fees | $37,197 |
| Other admin expenses | $300 |
| Benefits paid out | $17,426,492 |
| Net assets, start / end of year | $184.2M / $208.7M |
| Active participants, start / end of year | 747 / 735 |
| Participants with account balances | 917 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $66,082,359 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $36,875 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008175346NAL0003182259001, received 2025-10-08, EIN 94-1707113, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.