Retirement plan

FIFTH THIRD BANCORP 401(K) SAVINGS PLAN

Name: FIFTH THIRD BANCORP - FIFTH THIRD BANCORP 401(K) SAVINGS PLAN (2024) Form 5500
Creator: FIFTH THIRD BANCORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIFTH THIRD BANCORP 401(K) SAVINGS PLAN, FIFTH THIRD BANCORP

FIFTH THIRD BANCORPEIN 31-0854434Plan #001PY 2024

38 FOUNTAIN SQUARE PLAZA, MAIL DROP 10908R - CINCINNATI, OH 45202513-534-4521

Other plans on this EIN

2 filings

#007Retirement-$87.9M assets #008Retirement-$1.1M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 4, 2006 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$4005.9M

+11.6% from 2023

Total participants

25,787

-1.5% from 2023

Average account balance

$172,303

+13.4% from 2023

Annual return

14.88%

-3.56 pp from 2023

Benchmarks

See 92 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort92 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$172K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

23,249

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$261.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$88

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Participants)	$1,613,845
BARROW, HANLEY, MEWHINNEY & STRAUSS7 years Service code 27 JP MORGAN CHASE TOWER · DALLAS, TX 75201	Advisory (Plan)	$339,871
THOMPSON HINE10+ years Filed as: THOMPSON HINE LLP Service code 29 3900 KEY CENTER · CLEVELAND, OH 441141291	Legal	$53,618
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER TRUST COMPANY, LLC Service code 15 · EIN 84-1455663	Recordkeeping	$19,909
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Direct Payment	$13,975
THE BANK OF NEW YORK MELLON1 year Filed as: BANK NEW YORK (BNY) Service code 19 240 GREENWICH STREET · NEW YORK, NY 10286	Securities Custodian	$10,487
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Securities brokerage; Direct payment ...	$8,610

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$109 / participant

Recordkeeping$34K1.7%
Trustee / custodial$10K0.5%
Investment mgmt$2M95.2%
Legal$54K2.6%

% of EOY assets

0.051%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,303

$152,104+13.3%

$184,260-6.5%

$106,553+61.7%

Participation rate

86.5%

85.9%+0.7pp

86.8%-0.3pp

69.8%+16.7pp

Annual return

14.88%

20.70%-5.8pp

28.84%-14.0pp

17.37%-2.5pp

Employer contribution / active EE

$6,042

$5,326+13.5%

$6,427-6.0%

$3,359+79.9%

Participant deferral / active EE

$7,844

$8,559-8.3%

$9,133-14.1%

$5,562+41.0%

Admin fee / account holder

$88

$103-14.0%

$13,898-99.4%

$80+10.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Participants)

$1,613,845

BARROW, HANLEY, MEWHINNEY & STRAUSS7 years

Service code 27

JP MORGAN CHASE TOWER · DALLAS, TX 75201

Advisory (Plan)

$339,871

THOMPSON HINE10+ years

Filed as: THOMPSON HINE LLP

Service code 29

3900 KEY CENTER · CLEVELAND, OH 441141291

Legal

$53,618

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER TRUST COMPANY, LLC

Service code 15 · EIN 84-1455663

Recordkeeping

$19,909

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 50

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Direct Payment

$13,975

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK NEW YORK (BNY)

Service code 19

240 GREENWICH STREET · NEW YORK, NY 10286

Securities Custodian

$10,487

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER FINANCIAL SERVICES, INC.

Service code 33

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Securities brokerage; Direct payment ...

$8,610

FIFTH THIRD BANCORP 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIFTH THIRD BANCORP 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion