Frontline Insurance Managers, Inc. 401(k) Review & Grade
Frontline Insurance Managers 401(k) Plan
Lake Mary, FLFinance & Insurance566 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,564Employer $ per active participant
$7,299Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$73.8MNet plan assets, end of year
$144,050Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 50th |
| Employee saving | 53th |
| 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
- Frontline Insurance Managers put in about $6,564 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 | $3,715,093 |
| Participant (employee) contributions | $4,131,387 |
| Other contributions (incl. rollovers in) | $1,655,320 |
| Administrative expenses paid from the plan | $149,792 |
| Contract administrator fees | $149,792 |
| Benefits paid out | $3,605,410 |
| Net assets, start / end of year | $58.7M / $73.8M |
| Active participants, start / end of year | 546 / 586 |
| Participants with account balances | 512 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmith & Brown, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $125,293 reported compensation |
| The Benefit Practice | $49,495 reported compensation |
| Raymond James Fin Svcs Advisors | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013164536NAL0001726209001, received 2025-10-13, EIN 13-3963337, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.