Plan Ledger DOL Form 5500 · updated monthly

Church Mutual Insurance Company, S.I.401(k)

CHURCH MUTUAL SALARY SAVINGS PLAN AND TRUST (401(K) PLAN) · MERRILL, WI · plan year 2023

Reported admin expense ratio · 2023
0.08%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Church Mutual Insurance Company, S.I. reported $126,902 in plan administrative expenses for 2023: 0.08% of average plan assets, below the peer median. Employer contributions averaged $4,701 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.077%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 156th-largest of 1,936 plans among Wisconsin employers on file, and the 667th of 4,798 in finance & insurance. In 2023, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$170,600,878
Participants with balances1,545
Active participants1,148
Employer contributions$5,397,129
Employee contributions$9,708,236
Employer contribution per active participant$4,701
Average account balance$110,421
Benefits paid to participants$18,545,556
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$165.2M · 1,347 accts · $5.3M emplr
2023$170.6M · 1,545 accts · $5.4M emplr
2022$148.1M · 1,440 accts · $5.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$82,787
Investment management$44,115
Total administrative$126,902
The Church Mutual Insurance Company, S.I. 401(k) match · 2023
Employer contribution per active participant$4,701
Median for plans this size$3,659
2024$4,694 per active participant
2023$4,701 per active participant
2022$4,410 per active participant

Church Mutual Insurance Company, S.I.'s 2023 employer contribution ran above the $3,659 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
SPECTRUM INVESTMENT ADVISORS INC · Investment advisory (plan)$44,115

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$129,494 · 0.08%
2023$126,902 · 0.08%
2022$124,810 · 0.08%
Same employer
Similar plansFinance & Insurance · Wisconsin
Secura Insurance Company WI$192.7M · 0.05%
First Mid Bancshares, Inc. WI$172.6M · 0.01%
Nicolet National Bank WI$148.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390712210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.