401(k) · DOL Form 5500 · 2024
Flagstar Financial, Inc. 401(k) Plan
Data updated 2026-08-11
- $918M
- Total assets
- 4,956
- Participants
- 98th
- Percentile by assets
- $185,181
- Avg per participant
Official DOL plan name: Flagstar Financial, Inc. Employee Savings Plan · Sponsored by Flagstar Financial, Inc. · New York · Finance & Insurance
$918M in assets, 4,956 participants
Flagstar Financial, Inc.'s Flagstar Financial, Inc. Employee Savings Plan reported $918M in total assets and 4,956 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 123,622 plans)
- #8,277 in Finance & Insurance (8,549 peers)
Coverage in New York
Flagstar Financial, Inc. Employee Savings Plan covers 4,956 participants in New York, 6.2x the typical New York plan (state average ~798 per filing). Assets: $918M.
- $918M
- total plan assets (2024 EOY)
- 4,956
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $185,181
- avg assets per participant
The plan reported a net loss of $53M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Flagstar Financial, Inc. Employee Savings Plan reported net income fell from $171M in the plan year 2023 filing to -$53M in the plan year 2024 filing.
- Flagstar Financial, Inc. Employee Savings Plan reported participants rose from 2,613 in the plan year 2023 filing to 4,956 in the plan year 2024 filing.
- Flagstar Financial, Inc. Employee Savings Plan end-of-year assets rose from $545M in the plan year 2023 filing to $918M in the plan year 2024 filing.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Flagstar Financial, Inc. Employee Savings Plan reports 4,956 participants - 6.2x that state average ($918M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $545M |
|---|---|
| Net Assets (End of Year) | $918M |
| Net Income | -$53M |
| Employer EIN | 061377322 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Flagstar Financial, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,036 | $613M |
| 2023 | 2 | 2,869 | $800M |
| 2024 | 3 | 7,395 | $1.2B |
Nearby 401(k) Plans in New York
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Flagstar Financial, Inc. Employee Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
- IBM 401(k) Plan $60.4B · 52,674
- Morgan Stanley 401(k) Plan $22.2B · 53,860
- Pfizer Savings Plan $22.0B · 33,309
- The Pepsico Savings Plan $14.9B · 137,398
- The Goldman Sachs 401(k) Plan $12.8B · 23,227
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Flagstar Financial, Inc. Employee Savings Plan by total assets, not by location.
- Formosa Plastics Corporation Employees Savings Plan (NJ) $918M · 3,543
- Independence Blue Cross Blue Chip Retirement Savings Plan (PA) $919M · 4,285
- Bytedance 401(k) Plan (CA) $919M · 10,022
- IBEW Local No. 58 Annuity Fund (MI) $919M · 5,385
Frequently Asked Questions
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Filing takeaways
Ways to act on Flagstar Financial, Inc. Employee Savings Plan's numbers.
- By total assets, Flagstar Financial, Inc. Employee Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
- Flagstar Financial, Inc.'s sponsor-wide assets have grown 93.4% since 2022 across 3 plan years on file. More Finance & Insurance plans