Plan Ledger DOL Form 5500 · updated monthly

Corporate Coverage Company, Inc.401(k)

CORPORATE COVERAGE COMPANY, INC. EMPLOYEE SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Corporate Coverage Company, Inc. reported $53,850 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $508 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 2 years on file its reported administrative ratio fell from 0.74% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Illinois (2,188th of 3,702), and the 883rd of 2,534 in administrative & support services. In 2024, employees put in $7.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,363,734
Participants with balances544
Active participants308
Employer contributions$156,581
Employee contributions$1,246,398
Employer contribution per active participant$508
Average account balance$22,727
Benefits paid to participants$662,295
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 544 accts · $157K emplr
2023$10.4M · 442 accts · $118K emplr
2022$8.7M · 532 accts · $118K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,261
Audit (IQPA)$20,169
Trustee / custodial$6,420
Total administrative$53,850
The Corporate Coverage Company, Inc. 401(k) match · 2024
Employer contribution per active participant$508
Median for plans this size$2,416
2024$508 per active participant
2023$412 per active participant
2022$422 per active participant

Corporate Coverage Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$47,430
NEWPORT TRUST COMPANY · Trustee$6,420

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,850 · 0.47%
2023$36,263 · 0.38%
2022$67,440 · 0.74%
Same employer
Similar plansAdministrative & Support Services · Illinois
Medspeed, LLC IL$11.9M · 0.94%
Cimco Resources, Inc. IL$11.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364375218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.