Plan Snapshot
- Plan Sponsor: Horace Mann Service Corporation
- Sponsor EIN: 370972590
- Sponsor Address: 1 HORACE MANN PLAZA, SPRINGFIELD, IL, 627011324
- Plan Type: DC
- Total Participants: 1,785
- Total Assets: $265.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,785 | $265.9M | $10.5M | $11.9M |
| 2023 | 1,787 | $245.8M | $9.7M | $11.1M |
| 2022 | 1,709 | $206.8M | $8.9M | $10.2M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $157,589 | — | $157,589 |
| MERCER | NONE | $98,392 | — | $98,392 |
| EDELMAN FINANCIAL SERVICES, LLC | ADVISOR | $51,967 | — | $51,967 |
| NORTHERN TRUST COMPANY | ADVISOR | $39,619 | — | $39,619 |
| KERBER, ECK & BRAEKEL, LLP | ACCOUNTING | $35,000 | — | $35,000 |
| KERBER ECK & BRAECKEL LLP | Auditor | $35,000 | — | $35,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- KERBER ECK & BRAECKEL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $417,567
- Estimated Expense Ratio: 0.157% 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 | $292,574 | $98,392 | $158,463 | $35,000 | — |
| 2023 | $340,873 | $95,526 | $90,816 | $33,000 | — |
| 2022 | $322,715 | — | $109,514 | — | $212,451 |