# Proassurance Group Savings And Retirement Plan 401(k) Plan
Source: https://planprovider.pro/companies/proassurance-group-savings-and-retirement-plan-401k-plan

> Proassurance Group Savings And Retirement Plan's 401(k) plan: 1,037 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Proassurance Group Savings And Retirement Plan

- **Sponsor EIN:** 631285505

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

- **Total Participants:** 1,037

- **Total Assets:** $370.6M

## 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.|

| 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|CONTRACT ADMINISTRATOR|$207,264|$921|$208,185|

| MERRILL LYNCH PIERCE FENNER & SMITH|CONSULTANT|$73,911|$89|$74,000|

| COKER AND COMPANY LLC|ACCOUNTANT|—|$15,000|$15,000|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $297,185

- **Estimated Expense Ratio:** 0.080% 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|$281,175|$72,912|$207,264|—|—|

| 2023|$283,265|$72,461|$209,812|—|—|

| 2022|$100,176|$18,108|$81,820|—|$248|

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