401(k) · DOL Form 5500 · 2022

Flagstar Bancorp, Inc 401(k) Plan

Data updated 2026-08-25

$392M
Total assets Above avg plan size
5,507
Participants Above avg headcount
97th
Percentile by assets National rank
$71,126
Avg per participant Below avg balance/head
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Official DOL plan name: Flagstar Bank 401(k) Plan · Sponsored by Flagstar Bancorp, Inc · Michigan · Finance & Insurance

$392M in assets, 5,507 participants

Flagstar Bancorp, Inc's Flagstar Bank 401(k) Plan reported $392M in total assets and 5,507 participants in its 2022 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,830 in Finance & Insurance (9,261 peers)

Coverage in Michigan

Flagstar Bank 401(k) Plan covers 5,507 participants in Michigan, 8.6x the typical Michigan plan (state average ~638 per filing). Assets: $392M.

#8,830
in Finance & Insurance (9,261 peers)
-15.4%
assets change YoY
3.9×
vs typical plan assets (national mean)

The plan reported a net loss of $71M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Flagstar Bank 401(k) Plan's outsized position by total assets

Flagstar Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$391,689,599 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Flagstar Bank 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Flagstar Bank 401(k) Plan lands in the large band (5,507 participants).

DOL schedule card

Filing strip 382734984 · Flagstar Bancorp, Inc PY 2022 · 401(k)

Flagstar Bank 401(k) Plan · $392M · 5,507 · 97th

  • EOY $392M
  • 5500 5,507
  • ASSETS 97th
  • PCT 401(k)
  • EIN near Retirement Savings Plan for Salaried Ees of Alcoa USA Corp.
  • RANK ind #8830

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Michigan →

Flagstar Bank 401(k) Plan in the asset neighbourhood

Acuity Brands, Inc. 401(k) PlanAcuity Brands, Inc. 401(k) P…$392MRetirement Savings Plan for Salaried Ees of Alcoa USA Corp.Retirement Savings Plan for …$392MFlagstar Bank 401(k) Plan$392MMatthews International Corporation 401(k) PlanMatthews International Corpo…$391MJeld-Wen 401(k) Retirement Savings PlanJeld-Wen 401(k) Retirement S…$391M
End-of-year total assets ($M) among Flagstar Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$463M
Net Assets (End of Year)$392M
Net Income-$71M
Employer EIN382734984
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Flagstar Bancorp, Inc)

Sponsor-wide plan assets over time

All Flagstar Bancorp, Inc plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2023 filing year
$0M$200M$400M$600M 20222023 $392M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 5,507 $392M
2023 1 4,744 N/A

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Flagstar Bank 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 -505101520 Total assets ($B) Participants Flagstar Bank 401(k) Plan, Total assets ($B): 0.391689599 · Participants: 5507Flagstar Bank 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Flagstar Bank 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

Flagstar Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Retirement Savings Plan for Salaried Ees of Alcoa USA Corp. in PA ($392M); by covered participants it is Primo Retirement Savings Plan in FL (5,506 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($392M here).

Similar participant headcount

Nearest other-state filings by covered participants (5,507 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Flagstar Bank 401(k) Plan assets move in 2022?
Flagstar Bank 401(k) Plan declined sharply - down 15.4% during 2022, from $463M to $392M. Reported net income was -$71M.
Where does Flagstar Bank 401(k) Plan rank by assets among Form 5500 filers?
Flagstar Bank 401(k) Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Flagstar Bank 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Retirement Savings Plan for Salaried Ees of Alcoa USA Corp. in PA ($392M, 645 participants).
Which 401(k) plans cover a similar participant headcount to Flagstar Bank 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Primo Retirement Savings Plan in FL (5,506 participants, $295M in assets).