Hagerty Insurance Agency, LLC Employee' 401(K) Plan — Form 5500 plan (Hagerty Insurance Agency, LLC)
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, Hagerty Insurance Agency, LLC Employee' 401(K) Plan is a benefit plan reported by Hagerty Insurance Agency, LLC under EIN 88-0268247 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,127 participants and $135,201,039 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hagerty Insurance Agency, LLC
- EIN
- 88-0268247
- Plan number
- 001
- Plan type
- 2
- Location
- Traverse City, MI
- Latest filing year
- 2023
- Participants
- 2,127
- End-of-year plan assets
- $135,201,039
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,127 | H, C | 20241107104538NAL0021927154001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $135,201,039
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $135,201,039
- Net assets (BOY)
- $117,193,065
Income & contributions
- Employer contributions
- $6,069,967
- Participant contributions
- $12,212,574
- Total contributions
- $21,102,047
- Total income / additions
- $38,527,537
Expenses & distributions
- Benefits paid
- $20,446,178
- Administrative expenses
- $247,648
- Total expenses
- $20,696,496
- Net increase / (decrease)
- $17,831,041
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $247,648 | $0 | 2023 |
| Next Financial Group Inc | INVESTMENT ADVISORY | $0 | $10,000 | 2023 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $6,703 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Hagerty Insurance Agency, LLC
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Traverse City, MI
- Principal Life Insurance Company — Schedule C compensation
- Next Financial Group Inc — Schedule C compensation
- Principal Securities Inc — Schedule C compensation