Plan Ledger DOL Form 5500 · updated monthly

Proassurance Group Savings and Retirement Plan401(k)

PROASSURANCE GROUP SAVINGS AND RETIREMENT PLAN · · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Proassurance Group Savings and Retirement Plan reported $281,175 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $5,644 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 rose from 0.03% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 381st of 4,798 in finance & insurance. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$370,592,635
Participants with balances1,428
Active participants1,037
Employer contributions$5,853,283
Employee contributions$10,438,663
Employer contribution per active participant$5,644
Average account balance$259,519
Benefits paid to participants$46,130,876
Plan auditUnmodified (clean) audit opinion
AuditorCOKER AND COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$370.6M · 1,428 accts · $5.9M emplr
2023$352.4M · 1,519 accts · $5.7M emplr
2022$324.6M · 1,507 accts · $4.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$207,264
Investment management$72,912
Total administrative$281,175
The Proassurance Group Savings and Retirement Plan 401(k) match · 2024
Employer contribution per active participant$5,644
Median for plans this size$4,294
2024$5,644 per active participant
2023$5,198 per active participant
2022$3,823 per active participant

Proassurance Group Savings and Retirement Plan's 2024 employer contribution ran above the $4,294 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$207,264
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$73,911
COKER AND COMPANY LLC · Accounting / auditindirect comp

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$281,175 · 0.08%
2023$283,265 · 0.08%
2022$100,176 · 0.03%
Same employer
Similar plansFinance & Insurance
Banc of California, Inc. CA$377.7M · 0.12%
Creative Planning LLC KS$371.2M · 0.08%
Medpro Group IN$369.4M · 0.05%
Cambridge Associates, LLC MA$366.4M · 0.05%
Lone Pine Capital LLC CT$364.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631285505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.