Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Fulton Financial
Fulton Financial 401(k)
- FULT Nasdaq
- Finance and insurance
- Lancaster, PA
- EIN 23-2195389
- 1 plan with Schedule H financials
- Plan year 2024
- Fulton Financial Corporation
- SEC registrant Fulton Financial Corp
Administrative expenses excluding investment management, per participant · Fulton Financial Corporation 401(k) Retirement Plan · plan year 2024
$51.84
Higher than 33% of the 2,324 plans $250M to 1B that report it.
Source
= $231,383 / 4,463
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701144808NAL0012786417001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701144808NAL0012786417001, received 2025-07-01
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 2025-07-01.
Cost and contributions
Administrative expenses per participant
$51.84
Higher than 22% of the 2,405 plans $250M to 1B that report it.
Source
= $231,383 / 4,463
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701144808NAL0012786417001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701144808NAL0012786417001, received 2025-07-01
Administrative expenses as a share of assets
0.041%
Higher than 26% of the 2,407 plans $250M to 1B that report it.
Source
= $231,383 / $569,078,655
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701144808NAL0012786417001, received 2025-07-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701144808NAL0012786417001, received 2025-07-01
Employer contributions per participant
$3,079
Higher than 50% of the 2,457 plans $250M to 1B that report it.
Source
= $13,739,706 / 4,463
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701144808NAL0012786417001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701144808NAL0012786417001, received 2025-07-01
Employer share of total contributions
33.6%
Higher than 58% of the 2,459 plans $250M to 1B that report it.
Source
= $13,739,706 / $40,906,945
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701144808NAL0012786417001, received 2025-07-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701144808NAL0012786417001, received 2025-07-01
Plan terms, as stated in Fulton Financial Corporation's SEC filings
Employer match
“The Employer shall make a matching contribution equal to 100% of the first 5% of compensation deferred.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Participants are immediately vested in their voluntary, employer matching, and rollover contributions plus actual earnings thereon.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250701144808NAL0012786417001, received 2025-07-01
Full record, Fulton Financial Corporation 401(k) Retirement Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FULTON FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Plan name | FULTON FINANCIAL CORPORATION 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Sponsor EIN / plan number | 23-2195389 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Sponsor location | LANCASTER, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Industry (business code) | 523110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Filing received | 2025-07-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Participants, beginning of year | 5,190 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Active participants | 3,364 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Participants, end of year | 4,541 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Participants with an account balance | 4,463 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Total assets, beginning of year | $505,169,525 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Total assets, end of year | $569,078,655 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Net assets, end of year | $569,078,655 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Total income | $120,204,543 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Net income | $63,920,271 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Employer contributions | $13,739,706 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Participant contributions | $24,240,250 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Other contributions (incl. rollovers) | $2,926,989 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Total contributions | $40,906,945 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Benefit payments | $56,052,889 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Total expenses (incl. benefit payments) | $56,284,272 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Total administrative expenses | $231,383 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| IQPA audit fees | $35,215 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Administrative expenses excluding investment management | $231,383 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Held in mutual funds | $515,456,306 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250701144808NAL0012786417001, received 2025-07-01 |
| Independent auditor | BDO USA, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250701144808NAL0012786417001, received 2025-07-01 |
Position = column in the DOL layout for form year 2024. Filing 20250701144808NAL0012786417001, received 2025-07-01.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FULTON BANK, N.A.recordkeeper | AFFILIATE OF PLAN SPONSOR | 15 Recordkeeping and information management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 62 Float revenue; 64 Recordkeeping fees | $191,202 | yes |
| BDO USA, LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $35,215 | 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 20250701144808NAL0012786417001, received 2025-07-01.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $505,169,525 | $569,078,655 | 12.7% |
| Participants with a balance | 5,075 | 4,463 | -12.1% |
| Administrative expenses | $61,243 | $231,383 | 277.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $11,824,993 | $13,739,706 | 16.2% |
Prior filing 20240729090221NAL0029519888001, received 2024-07-29; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: FULTON FINANCIAL CORPORATION; SEC registrant: FULTON FINANCIAL CORP (CIK 700564, matched by EIN; display name from the Form 10-K cover).