Plan Ledger DOL Form 5500 · updated monthly

Concord General Mutual Insurance Company401(k)

CONCORD GENERAL MUTUAL INSURANCE COMPANY 401(K) PLAN · BEDFORD, NH · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Concord General Mutual Insurance Company reported $55,343 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,173 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 0.188%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 125th-largest of 411 plans among New Hampshire employers on file, and 2,403rd of 4,798 in finance & insurance. In 2024, employees put in $2.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,369,453
Participants with balances269
Active participants257
Employer contributions$558,408
Employee contributions$1,308,912
Employer contribution per active participant$2,173
Average account balance$112,898
Benefits paid to participants$3,663,859
Plan auditUnmodified (clean) audit opinion
AuditorMANER COSTERISAN P.C
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 269 accts · $558K emplr
2023$28.6M · 271 accts · $566K emplr
2022$26.6M · 270 accts · $433K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,694
Investment management$51,649
Total administrative$55,343
The Concord General Mutual Insurance Company 401(k) match · 2024
Employer contribution per active participant$2,173
Median for plans this size$2,416
2024$2,173 per active participant
2023$2,330 per active participant
2022$1,802 per active participant

Concord General Mutual Insurance Company's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$51,649
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$3,694

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$55,343 · 0.19%
2023$51,388 · 0.19%
2022$55,496 · 0.19%
Same employer
Similar plansFinance & Insurance · New Hampshire
Bank of New Hampshire NH$50.7M · 0.10%
Northeast Credit Union NH$39.9M · 0.01%
Impax Asset Management LLC NH$29.6M · 0.04%
Alliance Holdings, Inc. NH$28.1M · 0.35%
St. Mary's Bank NH$23.8M · 0.32%
Northway Bank NH$22.8M

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Source: U.S. Department of Labor, Form 5500 series, EIN 020131910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.