Cumberland Mutual Fire Insurance 401(k) match, vesting and fees
What Cumberland Mutual Fire Insurance's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Eisneramper LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Cumberland Mutual Fire Insurance: employer contribution per participant | $4,234 | |
| Peer median | $2,868 |
| Cumberland Mutual Fire Insurance: average balance | $192,690 | |
| Peer median | $95,281 |
| Cumberland Mutual Fire Insurance: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $33.5M at the end of plan year 2021 to $36.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 190 | $36.2M | $796K | $4,234 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 184 | $32.5M | $724K | $4,001 | 0.10% | Not published | Form 5500 ↗ |
| 2022 | 176 | $28.9M | $668K | $3,840 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 168 | $33.5M | $522K | $3,147 | 0.13% | Not published | Form 5500 ↗ |
Common questions
Does Cumberland Mutual Fire Insurance match 401(k) contributions?
The match terms for the Cumberland Insurance Group 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $796K in employer contributions, about $4,234 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Cumberland Mutual Fire Insurance 401(k) match vested?
The vesting schedule for the Cumberland Insurance Group 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Cumberland Mutual Fire Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Cumberland Mutual Fire Insurance Company.
I left Cumberland Mutual Fire Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Cumberland Mutual Fire Insurance Company, (856) 451-4050) or the recordkeeper, Principal Life Insurance Company. The Cumberland Mutual Fire Insurance old 401(k) page lists the contacts from every plan filing. Find an old Cumberland Mutual Fire Insurance 401(k)
Data from the public Form 5500 annual reports Cumberland Mutual Fire Insurance filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Cumberland Mutual Fire Insurance. Not financial advice. Report a correction · Methodology