Plan Snapshot
- Plan Sponsor: Horace Mann Service Corporation
- Sponsor EIN: 370972590
- Sponsor Address: 1 HORACE MANN PLAZA, SPRINGFIELD, IL, 627011324
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 2,501
- Total Assets: $299.5M
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. |
|---|---|---|---|---|
| 2025 | 2,501 | $299.5M | $0 | $0 |
| 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 | $188,331 | — | $188,331 |
| MERCER | Other Service Provider | $101,344 | — | $101,344 |
| EDELMAN FINANCIAL SERVICES, LLC | Investment Advisor | $61,160 | — | $61,160 |
| KERBER, ECK & BRAEKEL, LLP | Auditor | $36,750 | — | $36,750 |
| SRN DENTONS | ERISA Attorney | $6,799 | — | $6,799 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $394,384
- Estimated Expense Ratio: 0.132% 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 | $34,282,984 | $101,344 | $147,179 | $36,750 | — |
| 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 |