Flagstar Bancorp, Inc 401(k) Plan (terminated 2023): Login, Facts & Contact Information

Looking for your Flagstar Bancorp, Inc 401(k)? Search for your account if you're not sure where your retirement account is currently held.

Find My 401(k)s

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2023, when $424.8 million was transferred out of the plan. Assets moved to the FLAGSTAR BANK, NATIONAL ASSOCIATION EMPLOYEE SAVINGS PLAN (sponsored by FLAGSTAR BANK, NATIONAL ASSOCIATION). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the FLAGSTAR BANK, NATIONAL ASSOCIATION EMPLOYEE SAVINGS PLAN →

Flagstar Bancorp, Inc 401(k) Plan Facts (plan year 2023)

Plan name

FLAGSTAR BANK 401(K) PLAN

Plan type

401(k) with employer contributions

Plan sponsor

FLAGSTAR BANCORP, INC

Participants

6,245

Former employees with a balance

Employer contributions

$10,825,744 in plan year 2023 (25% of all contributions)

Recordkeeper

Fidelity Investments Institutional

Plan year

Jan 1, 2023 – Dec 31, 2023

Plan established

Jan 1, 1990

✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window— Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 15, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

$42.8 million went into the plan in contributions, $10.8 million of it from the employer (25%).
$87.3 million was paid out to participants.
Investment and other income added $77.8 million.

How the Flagstar Bancorp, Inc 401(k) changed, 2019–2023

Plan year	Participants	Plan assets	Employer contributions	Benefits paid
2019	4,657	$286.4 million	$9.90 million	$20.8 million
2020	5,181	$371.8 million	$12.4 million	$27.5 million
2021	6,082	$463.0 million	$16.6 million	$32.4 million
2022	6,433	$391.7 million	$14.7 million	$36.6 million
2023 (final)	6,245	$0	$10.8 million	$87.3 million

Flagstar Bancorp, Inc 401(k) Contact Information

Phone

248-312-2000

Mailing address

5151 CORPORATE DR, TROY MI 48098

Plan sponsor

FLAGSTAR BANCORP, INC

Employer identification number (EIN)

38-2734984

Plan number

001

Questions about the Flagstar Bancorp, Inc 401(k)

Is the Flagstar Bancorp, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2023. Its assets were transferred to the FLAGSTAR BANK, NATIONAL ASSOCIATION EMPLOYEE SAVINGS PLAN.

Does Flagstar Bancorp, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $10.8 million, 25% of all contributions.

Does the Flagstar Bancorp, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Flagstar Bancorp, Inc 401(k) plan?

6,245 participants at the start of plan year 2023.

Who manages the Flagstar Bancorp, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.