Employers › Flagstar Bank National Association
Recordkeeping fees per participant · Flagstar Financial, Inc. Employee Savings Plan · plan year 2024
$48.28
Higher than 48% of the 1,697 plans $250M to 1B that report it.
= $472,125 / 9,778
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250721104900NAL0001346129001, received 2025-07-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250721104900NAL0001346129001, received 2025-07-21
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-21.
Administrative expenses excluding investment management, per participant
$48.28
Higher than 30% of the 2,324 plans $250M to 1B that report it.
= $472,125 / 9,778
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250721104900NAL0001346129001, received 2025-07-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250721104900NAL0001346129001, received 2025-07-21
Administrative expenses per participant
$58.31
Higher than 26% of the 2,405 plans $250M to 1B that report it.
= $570,125 / 9,778
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250721104900NAL0001346129001, received 2025-07-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250721104900NAL0001346129001, received 2025-07-21
Administrative expenses as a share of assets
0.062%
Higher than 43% of the 2,407 plans $250M to 1B that report it.
= $570,125 / $917,757,251
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250721104900NAL0001346129001, received 2025-07-21
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250721104900NAL0001346129001, received 2025-07-21
Employer contributions per participant
$2,699
Higher than 42% of the 2,457 plans $250M to 1B that report it.
= $26,392,709 / 9,778
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250721104900NAL0001346129001, received 2025-07-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250721104900NAL0001346129001, received 2025-07-21
Employer share of total contributions
24.5%
Higher than 29% of the 2,459 plans $250M to 1B that report it.
= $26,392,709 / $107,530,093
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250721104900NAL0001346129001, received 2025-07-21
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250721104900NAL0001346129001, received 2025-07-21
Plan terms are described in Flagstar Bank, National Association's SEC filings: Form 11-K filed 2026-06-10 and Form 10-K filed 2026-02-27. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250721104900NAL0001346129001, received 2025-07-21
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FLAGSTAR FINANCIAL, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Plan name | FLAGSTAR FINANCIAL, INC. EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Sponsor EIN / plan number | 06-1377322 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Sponsor location | HICKSVILLE, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Filing received | 2025-07-21 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Participants, beginning of year | 5,830 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Active participants | 7,891 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Participants, end of year | 19,816 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Participants with an account balance | 9,778 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Total assets, beginning of year | $544,904,791 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Total assets, end of year | $917,757,251 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Net assets, end of year | $917,757,251 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Total income | $120,186,530 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Net income | $-53,101,203 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Employer contributions | $26,392,709 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Participant contributions | $64,964,347 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Other contributions (incl. rollovers) | $16,173,037 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Total contributions | $107,530,093 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Benefit payments | $171,924,059 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Total expenses (incl. benefit payments) | $173,287,733 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Total administrative expenses | $570,125 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Recordkeeping fees | $472,125 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Investment advisory and management fees | $98,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Administrative expenses excluding investment management | $472,125 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Held in common/collective trusts | $554,007,441 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Held in mutual funds | $297,705,988 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250721104900NAL0001346129001, received 2025-07-21 |
| Independent auditor | KPMG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250721104900NAL0001346129001, received 2025-07-21 |
Position = column in the DOL layout for form year 2024. Filing 20250721104900NAL0001346129001, received 2025-07-21.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE COrecordkeeper | NONE | 64 Recordkeeping fees; 50 Direct payment from the plan; 37 Participant loan processing; 15 Recordkeeping and information management | $415,956 | yes |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $98,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250721104900NAL0001346129001, received 2025-07-21.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $544,904,791 | $917,757,251 | 68.4% |
| Participants with a balance | 3,346 | 9,778 | 192.2% |
| Administrative expenses | $571,073 | $570,125 | -0.2% |
| Recordkeeping fees per participant | $170.67 | $48.28 | -71.7% |
| Employer contributions | $9,632,477 | $26,392,709 | 174.0% |
Prior filing 20241002200719NAL0015340656001, received 2024-10-02; the plan years are contiguous.
Sponsor name as filed: FLAGSTAR FINANCIAL, INC.; SEC registrant: FLAGSTAR BANK, NATIONAL ASSOCIATION (CIK 910073, matched by 11-K plan title; display name from the Form 11-K cover).