Plan Ledger DOL Form 5500 · updated monthly

Erie Indemnity Company401(k)

ERIE INSURANCE GROUP EMPLOYEE SAVINGS PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Erie Indemnity Company reported $302,915 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,083 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 0.03% to 0.02%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 52nd-largest of 3,651 plans among Pennsylvania employers on file, and the 136th of 4,798 in finance & insurance. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has grown from 5,972 to 6,803 since 2022.

Plan summary
Net assets, end of year$1,352,390,568
Participants with balances7,672
Active participants6,803
Employer contributions$20,975,922
Employee contributions$49,633,138
Employer contribution per active participant$3,083
Average account balance$176,276
Benefits paid to participants$108,102,298
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL, POWER, BELL & ASSOCIATES, L
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 7,672 accts · $21.0M emplr
2023$1.2B · 7,540 accts · $18.4M emplr
2022$980.1M · 6,946 accts · $16.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$302,915
Total administrative$302,915
The Erie Indemnity Company 401(k) match · 2024
Employer contribution per active participant$3,083
Median for plans this size$5,259
2024$3,083 per active participant
2023$2,843 per active participant
2022$2,800 per active participant

Erie Indemnity Company's 2024 employer contribution ran below the $5,259 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$305,592

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$302,915 · 0.02%
2023$288,937 · 0.03%
2022$314,598 · 0.03%
Same employer
Similar plansFinance & Insurance · Pennsylvania
Highmark Health PA$2.9B · 0.04%
Independence Blue Cross, LLC PA$958.2M · 0.08%
Janney Montgomery Scott LLC PA$766.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250466020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.