401(k) · DOL Form 5500 · 2024

Flagstar Financial, Inc. 401(k) Plan

Data updated 2026-08-25

$918M
Total assets Above avg plan size
4,956
Participants Above avg headcount
98th
Percentile by assets National rank
$185,181
Avg per participant Above avg balance/head
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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.

  • #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.

#8,277
in Finance & Insurance (8,549 peers)
+68.4%
assets growth YoY
9.2×
vs typical plan assets (national mean)

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.

Flagstar Financial, Inc. Employee Savings Plan's outsized position by total assets

Flagstar Financial, Inc. Employee Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$917,757,251 Top 2% higher than 98% of 123,620 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 2024

Flagstar Financial, Inc. Employee Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Flagstar Financial, Inc. Employee Savings Plan lands in the large band (4,956 participants).

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.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 061377322 · Flagstar Financial, Inc. PY 2024 · 401(k)

Flagstar Financial, Inc. Employee Savings Plan · $918M · 4,956 · 98th

  • NET $918M
  • NET 4,956
  • NET 98th
  • NET 401(k)
  • NET near Formosa Plastics Corporation Employees Savings Plan
  • NET ind #8277

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 New York →

Flagstar Financial, Inc. Employee Savings Plan in the asset neighbourhood

IBEW Local No. 58 Annuity FundIBEW Local No. 58 Annuity Fu…$919MBytedance 401(k) Plan$919MIndependence Blue Cross Blue Chip Retirement Savings PlanIndependence Blue Cross Blue…$919MFormosa Plastics Corporation Employees Savings PlanFormosa Plastics Corporation…$918MFlagstar Financial, Inc. Employee Savings PlanFlagstar Financial, Inc. Emp…$918M
End-of-year total assets ($M) among Flagstar Financial, Inc. Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$545M
Net Assets (End of Year)$918M
Net Income-$53M
Employer EIN061377322
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Flagstar Financial, Inc.)

Sponsor-wide plan assets over time

All Flagstar Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 93.3512346075619% vs 2022
2024 filing year
$0.4B$0.6B$0.8B$1B$1.2B$1.4B 202220232024 $0.61B $1.19B ▲ +95.1%
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 Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Flagstar Financial, Inc. Employee Savings Plan, Total assets ($B): 0.917757251 · Participants: 4956Flagstar Financial, Inc. Employee Savings PlanIBM 401(k) Plan, Total assets ($B): 60.39355615 · Participants: 52674IBM 401(k) PlanMorgan Stanley 401(k) Plan, Total assets ($B): 22.180692974 · Participants: 53860Morgan Stanley 401(k) PlanPfizer Savings Plan, Total assets ($B): 21.9871528 · Participants: 33309Pfizer Savings PlanThe Pepsico Savings Plan, Total assets ($B): 14.9369507 · Participants: 137398The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 12.807939404 · Participants: 23227The Goldman Sachs 401(k) Plan
Flagstar Financial, Inc. Employee Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Flagstar Financial, Inc. Employee Savings Plan side-by-side with 3 peers →

Flagstar Financial, Inc. Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Formosa Plastics Corporation Employees Savings Plan in NJ ($918M); by covered participants it is Masonite Savings Plan in FL (4,957 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($918M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,956 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Flagstar Financial, Inc. Employee Savings Plan assets move in 2024? ▼
Flagstar Financial, Inc. Employee Savings Plan surged - up 68.4% during 2024, from $545M to $918M. Reported net income was -$53M.
How have Flagstar Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Flagstar Financial, Inc.'s sponsor-wide assets grew 93.4%, from $613M to $1.2B.
Where does Flagstar Financial, Inc. Employee Savings Plan rank by assets among Form 5500 filers? ▼
Flagstar Financial, Inc. Employee Savings Plan ranks in the 98th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Flagstar Financial, Inc. Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Formosa Plastics Corporation Employees Savings Plan in NJ ($918M, 3,543 participants).
Which 401(k) plans cover a similar participant headcount to Flagstar Financial, Inc. Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Masonite Savings Plan in FL (4,957 participants, $324M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 061377322.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.