Mutual Benefit Insurance 401(k) match, vesting and fees
What Mutual Benefit 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 | Brown Plus Accountants and Advisors (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.
| Mutual Benefit Insurance: employer contribution per participant | $3,206 | |
| Peer median | $2,868 |
| Mutual Benefit Insurance: average balance | $194,418 | |
| Peer median | $95,281 |
| Mutual Benefit Insurance: admin expenses ÷ assets | 0.24% | |
| 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 $31.3M at the end of plan year 2021 to $29.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 156 | $29.9M | $494K | $3,206 | 0.24% | Not published | Form 5500 ↗ |
| 2023 | 160 | $27.1M | $538K | $3,446 | 0.28% | Not published | Form 5500 ↗ |
| 2022 | 178 | $24.2M | $616K | $3,521 | 0.27% | Not published | Form 5500 ↗ |
| 2021 | 178 | $31.3M | $586K | $3,370 | 0.15% | Not published | Form 5500 ↗ |
Other Mutual Benefit Insurance plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Mutual Benefit Insurance Company Retirement Plan
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 | Brown Plus Accountants and Advisors (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Mutual Benefit Insurance match 401(k) contributions?
The match terms for the Mutual Benefit Insurance Company 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $494K in employer contributions, about $3,206 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mutual Benefit Insurance 401(k) match vested?
The vesting schedule for the Mutual Benefit Insurance Company 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mutual Benefit Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Mutual Benefit Insurance Company.
I left Mutual Benefit Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mutual Benefit Insurance Company, (814) 643-3000) or the recordkeeper, Principal Life Insurance Company. The Mutual Benefit Insurance old 401(k) page lists the contacts from every plan filing. Find an old Mutual Benefit Insurance 401(k)
Data from the public Form 5500 annual reports Mutual Benefit 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 Mutual Benefit Insurance. Not financial advice. Report a correction · Methodology