Plan Ledger DOL Form 5500 · updated monthly

Liberty Mutual Group Inc.401(k)

LIBERTY MUTUAL 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Liberty Mutual Group Inc. reported $12,487,278 in plan administrative expenses for 2024: 0.12% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,269 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 0.121%. 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 3rd-largest of 2,726 plans among Massachusetts employers on file, and the 15th of 4,798 in finance & insurance. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has shrunk from 37,052 to 31,562 since 2022.

Plan summary
Net assets, end of year$10,771,234,184
Participants with balances48,718
Active participants31,562
Employer contributions$134,727,421
Employee contributions$392,535,177
Employer contribution per active participant$4,269
Average account balance$221,094
Benefits paid to participants$947,160,629
Plan auditUnmodified (clean) audit opinion
AuditorDANIEL DENNIS & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8B · 48,718 accts · $134.7M emplr
2023$9.8B · 52,242 accts · $140.1M emplr
2022$8.5B · 54,275 accts · $128.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,129
Investment management$10,344,072
Total administrative$12,487,278
The Liberty Mutual Group Inc. 401(k) match · 2024
Employer contribution per active participant$4,269
Median for plans this size$5,259
2024$4,269 per active participant
2023$4,047 per active participant
2022$3,466 per active participant

Liberty Mutual Group Inc.'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 · 202412
FID INV INST OPS CO · Recordkeeping$69,129
FID MGMT TRUST CO · Trustee$2,504,418
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$1,701,824
EATON VANCE · Investment management$1,473,949
BLACKROCK INSTITUTIONAL TRUST CO · Trustee · Trustee (discretionary)$1,412,905
PACIFIC INVESTMENT MANAGEMENT CO · Investment management$1,394,066
BAILLIE GIFFORD OVERSEAS LIMITED · Investment management$1,027,093
WILLIAM BLAIR & CO · Investment management$901,200
CARDINAL CAPITAL MGMT, LLC · Investment management$630,847
ROCATON · Consulting$371,539
GALLIARD CAPITAL MANAGEMENT, INC · Investment management$239,714
DANIEL DENNIS · Accounting / audit$74,000

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

Recordkeeper by year2
2024Fidelity
2023Fidelity

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

Administrative cost history3
2024$12,487,278 · 0.12%
2023$10,678,741 · 0.12%
2022$11,286,662 · 0.12%
Same employer
Similar plansFinance & Insurance · Massachusetts
Edward D. Jones & Co., L.P. MO$12.4B · 0.01%
Ath Holding Company, LLC IN$12.1B · 0.05%
Travelers Companies, Inc. MN$10.4B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043583679 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.