Department of Labor filing

HEREFORD INSURANCE COMPANY

HEREFORD INSURANCE COMPANY 401(K) PROFIT SHARING PLAN AND TRUST · For the plan year ended Dec 31, 2024

Public filing 2024 · received Aug 21, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

24filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,652

Reported employer contributions per active participant.

Higher than about 18% of comparable plans

#People in the filing

241

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$220 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 38% of comparable plans

↗Investment performance

Not available

Plan assets changed 18.4%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202424out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions18th percentileTypical peer $3,340 · based on 500 comparable plans

Lower reported administrative expense38th percentileTypical peer $164 · based on 494 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, HEREFORD INSURANCE COMPANY reported $398,052 in employer contributions across the plan and 241 active participants. That works out to $1,652 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy87%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 3.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 13.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context24/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $398,052
Participant contributions: $777,820
Other contributions: $121,509
Employer share of reported contributions: 33.9%
Beginning assets: $13,210,169
Ending assets: $15,634,282
Ending net assets: $15,634,282
Ending liabilities: $0
Total income: $3,227,665
Total expenses: $803,552
Administrative expenses: $59,622
Participant loans: $286,053

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,602

2023

$1,661

2024

$1,652

Plan-paid administrative expenses per participant

2022

$194

2023

$185

2024

$220

Active participants

2022

234

2023

234

2024

241

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,652	241	15.6M	20250821082707NAL0007099664001
2023	$1,661	234	13.2M	20241004055746NAL0011026257001
2022	$1,602	234	10.9M	20231005181402NAL0014806003001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 112774650-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2001
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2J2K2T3H3D2E2F2G

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY WORKPLACE SERVICES LLC	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250821082707NAL0007099664001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗