Beacon Mutual Insurance Company 401(K) Plan — Form 5500 plan (The Beacon Mutual Insurance Company)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Beacon Mutual Insurance Company 401(K) Plan is a benefit plan reported by The Beacon Mutual Insurance Company under EIN 05-0458697 and plan number 001. The latest loaded filing year is 2023. The filing reports 214 participants and $99,436,550 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Beacon Mutual Insurance Company
- EIN
- 05-0458697
- Plan number
- 001
- Plan type
- 2
- Location
- Warwick, RI
- Latest filing year
- 2023
- Participants
- 214
- End-of-year plan assets
- $99,436,550
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 214 | H, C | 20241011110311NAL0022625937001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $99,436,550
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $99,436,550
- Net assets (BOY)
- $91,144,744
Income & contributions
- Employer contributions
- $2,287,564
- Participant contributions
- $1,967,558
- Total contributions
- $4,262,880
- Total income / additions
- $18,398,152
Expenses & distributions
- Benefits paid
- $10,071,802
- Administrative expenses
- $34,544
- Total expenses
- $10,106,346
- Net increase / (decrease)
- $8,291,806
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock | RETAINED BY EMPLOYER | $34,544 | $0 | 2023 |