Continental Casualty Company 401(k) Review & Grade
Cna 401k Plan
Chicago, ILManagement of Companies5,484 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,644Employer $ per active participant
$12,426Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$2.5BNet plan assets, end of year
$269,897Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 49th |
| Employee saving | 90th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Continental Casualty put in about $12,644 per active participant, more than the typical peer ($3,455). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $69,344,000 |
| Participant (employee) contributions | $68,151,000 |
| Other contributions (incl. rollovers in) | $13,148,000 |
| Administrative expenses paid from the plan | $3,021,000 |
| Investment advisory & management fees | $2,569,972 |
| Benefits paid out | $237,632,000 |
| Net assets, start / end of year | $2.3B / $2.5B |
| Active participants, start / end of year | 5,384 / 5,585 |
| Participants with account balances | 9,282 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Alight Solutions, LLC | $1,544,469 reported compensation |
| Atlanta Capital Management Co,llc | $524,162 reported compensation |
| LSV Asset Management | $460,468 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003122024NAL0000800131001, received 2025-10-03, EIN 36-2114545, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.