Plan Snapshot
- Plan Sponsor: Central Insurance Company
- Sponsor EIN: 344202560
- Sponsor Address: 800 S WASHINGTON ST, VAN WERT, OH, 45891
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 733
- Total Assets: $23.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 733 | $23.9M | $0 | $0 |
| 2024 | 724 | $23.2M | $8.5M | $3.8M |
| 2023 | 732 | $23.9M | $10.8M | $4.6M |
| 2022 | 705 | $22.3M | $9.0M | $4.0M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO | Recordkeeper | $529,928 | — | $529,928 |
| PRUDENTIAL INSURANCE COMPANY OF AME | Recordkeeper | $61,270 | — | $61,270 |
| EXPRESS SCRIPTS | Recordkeeper | $55,223 | — | $55,223 |
| EVERNORTH CARE SOLUTIONS, INC | Recordkeeper | $15,960 | — | $15,960 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $662,381
- Estimated Expense Ratio: 2.770% 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 |
|---|---|---|---|---|---|
| 2025 | $14,174,156 | $395,819 | $277,702 | — | — |
| 2024 | $616,511 | $367,943 | $248,568 | — | — |
| 2023 | $562,831 | $174,062 | $388,769 | — | — |
| 2022 | $426,587 | $126,401 | $300,186 | — | — |