Plan Snapshot
- Plan Sponsor: Brethren Mutual Insurance Company
- Sponsor EIN: 520254590
- Sponsor Address: 149 NORTH EDGEWOOD DRIVE, HAGERSTOWN, MD, 21740
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $26.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 136 | $26.9M | $360,612 | $1.4M |
| 2023 | 130 | $24.4M | $324,473 | $1.3M |
| 2022 | 125 | $23.0M | $313,885 | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CAMBRIDGE INVESTMENT RESEARCH | ADVISOR | $51,875 | — | $51,875 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $19,529 | — | $19,529 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $6,285 | — | $6,285 |
| BUFFAMANTE WHIPPLE BUTTAFARO, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BUFFAMANTE WHIPPLE BUTTAFARO, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,689
- Estimated Expense Ratio: 0.289% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $77,689 | $58,160 | — | — | — |
| 2023 | $84,076 | $52,254 | — | — | — |
| 2022 | $5,998 | — | — | — | — |