Plan Ledger DOL Form 5500 · updated monthly

Hannover Life Reassurance Company of America401(k)

HANNOVER LIFE REASSURANCE COMPANY OF AMERICA RETIREMENT PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Hannover Life Reassurance Company of America reported $122,998 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $16,914 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 0.082%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 221st-largest of 3,644 plans among Florida employers on file, and the 704th of 4,798 in finance & insurance. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$160,374,819
Participants with balances411
Active participants321
Employer contributions$5,429,242
Employee contributions$4,259,768
Employer contribution per active participant$16,914
Average account balance$390,206
Benefits paid to participants$13,176,435
Plan auditUnmodified (clean) audit opinion
AuditorPWC
Plan history3
Yearassets · accounts · employer contribution
2024$160.4M · 411 accts · $5.4M emplr
2023$140.6M · 415 accts · $5.2M emplr
2022$117.4M · 397 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,279
Investment management$17,719
Total administrative$122,998
The Hannover Life Reassurance Company of America 401(k) match · 2024
Employer contribution per active participant$16,914
Median for plans this size$3,635
2024$16,914 per active participant
2023$16,150 per active participant
2022$15,328 per active participant

Hannover Life Reassurance Company of America's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
EMPOWER ADVISORY GROUP, LLC · Investment management$17,719

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$122,998 · 0.08%
2023$109,755 · 0.09%
2022$104,759 · 0.08%
Same employer
Similar plansFinance & Insurance · Florida
Seacoast National Bank FL$178.4M · 0.16%
Vystar Credit Union FL$175.7M · 0.08%
Emigrant Bank FL$162.3M · 0.10%
Amerant Bank, N.A. FL$141.6M · 0.00%
Emigrant Bank FL$129.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592859797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.