Plan Snapshot
- Plan Sponsor: Federated Mutual Insurance Company
- Sponsor EIN: 410417460
- Sponsor Address: 121 EAST PARK SQUARE, OWATONNA, MN, 550603046
- Plan Type: DB
- Total Participants: 2,699
- Total Assets: $788.7M
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 | 2,699 | $788.7M | $31,435 | $0 |
| 2023 | 2,571 | $759.0M | $50.0M | $0 |
| 2022 | 2,391 | $653.9M | $75.0M | $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 |
|---|---|---|---|---|
| MERCER GLOBAL INVESTMENTS | Other Service Provider | $545,088 | — | $545,088 |
| SIT INVESTMENT ASSOCIATES | Other Service Provider | $335,945 | — | $335,945 |
| SPEECE THORSON CAPITAL | Other Service Provider | $219,381 | — | $219,381 |
| NUVEEN SECURITIES LLC | Other Service Provider | $173,145 | — | $173,145 |
| CONNING | Other Service Provider | $168,180 | — | $168,180 |
| US BANK | Other Service Provider | $87,433 | — | $87,433 |
| SSI INVESTMENT MANAGEMENT | Other Service Provider | $71,274 | — | $71,274 |
| RBC GLOBAL | Other Service Provider | $14,594 | — | $14,594 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,615,040
- Estimated Expense Ratio: 0.205% 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 | $2,033,380 | $1,527,607 | — | — | — |
| 2023 | $1,840,117 | $1,332,485 | — | — | — |
| 2022 | $1,893,202 | $1,250,417 | — | — | — |