Plan Snapshot
- Plan Sponsor: Usable Mutual Insurance Company
- Sponsor EIN: 710226428
- Sponsor Address: 601 S. GAINES ST, LITTLE ROCK, AR, 72201
- Plan Type: 401(k)
- Total Participants: 3,352
- Total Assets: $788.6M
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 | 3,352 | $788.6M | $16.9M | $27.3M |
| 2023 | 3,398 | $728.9M | $22.3M | $26.3M |
| 2022 | 3,282 | $616.4M | $25.9M | $23.3M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP INC. | Other Service Provider | $552,858 | — | $552,858 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $552,858
- Estimated Expense Ratio: 0.070% 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 | $552,858 | $552,858 | — | — | — |
| 2023 | $485,744 | $485,744 | — | — | — |
| 2022 | $425,810 | $425,810 | — | — | — |