# Contractors Insurance Trust 401(k) Plan
Source: https://planprovider.pro/companies/contractors-insurance-trust-760481929-501

> Contractors Insurance Trust's 401(k) plan: 14,017 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Contractors Insurance Trust

- **Sponsor EIN:** 760481929

- **Sponsor Address:** 6300 BRIDGE POINT PKWY, AUSTIN, TX, 787305073

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 14,017

- **Total Assets:** $8.3M

## 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.|

| 2024|14,017|$8.3M|$4.9M|$0|

| 2023|9,158|$6.1M|$4.2M|$0|

| 2022|6,385|$6.7M|$5.7M|$0|

| 2020|8,456|$8.4M|$7.1M|$0|

## 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|

| BOON ADMINISTRATIVE SERVICES|Recordkeeper|$3,332,714|—|$3,332,714|

| CLIFTONLARSONALLEN, LLP|Auditor|$95,025|—|$95,025|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CLIFTONLARSONALLEN, LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,427,739

- **Estimated Expense Ratio:** 41.277% 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|$3,309,810|—|$3,211,785|$95,025|—|

| 2023|$3,237,595|—|$3,198,895|$35,700|—|

| 2022|$4,046,402|$3,000|$3,989,754|—|$53,648|

| 2020|$5,948,224|$3,000|$5,889,466|$47,750|—|

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