Plan Snapshot
- Plan Sponsor: The Harford Mutual Insurance Company
- Sponsor EIN: 520424840
- Sponsor Address: 200 NORTH MAIN STREET, BEL AIR, MD, 21014
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 316
- Total Assets: $66.8M
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 | 316 | $66.8M | $0 | $0 |
| 2024 | 265 | $59.8M | $1.4M | $2.1M |
| 2023 | 196 | $45.3M | $1.0M | $1.6M |
| 2022 | 189 | $37.7M | $960,926 | $1.4M |
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 |
|---|---|---|---|---|
| SAGEVIEW ADVISORY GROUP, LLC | Investment Advisor | $58,901 | — | $58,901 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $54,223 | — | $54,223 |
| BROWN SCHULTZ SHERIDAN & FRITZ | Auditor | $12,700 | — | $12,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,824
- Estimated Expense Ratio: 0.188% 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 | $5,711,880 | $58,901 | — | $12,700 | — |
| 2024 | $117,717 | $52,363 | — | $11,700 | — |
| 2023 | $99,954 | $46,881 | — | $7,000 | — |
| 2022 | $104,047 | $38,137 | $58,410 | — | $7,500 |