Plan Snapshot
- Plan Sponsor: Proassurance Group Savings And Retirement Plan
- Sponsor EIN: 631285505
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 1,350
- Total Assets: $400.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,350 | $400.0M | $0 | $0 |
| 2024 | 1,037 | $370.6M | $5.9M | $10.4M |
| 2023 | 1,097 | $352.4M | $5.7M | $10.2M |
| 2022 | 1,086 | $324.6M | $4.2M | $9.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $195,318 | — | $195,318 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $73,931 | $69 | $74,000 |
| COKER AND COMPANY LLC | Other Service Provider | — | $15,000 | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $284,318
- Estimated Expense Ratio: 0.071% 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 | $38,236,287 | $72,933 | $195,318 | — | — |
| 2024 | $281,175 | $72,912 | $207,264 | — | — |
| 2023 | $283,265 | $72,461 | $209,812 | — | — |
| 2022 | $100,176 | $18,108 | $81,820 | — | $248 |