Erie Indemnity Company 401(k) Review & Grade
Erie Insurance Group Employee Savings Plan
Erie, PAFinance & Insurance6,644 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,157Employer $ per active participant
$7,471Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$176,276Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 93th |
| Employee saving | 39th |
| Peers that auto-enroll | 66% |
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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
- Erie Indemnity put in about $3,157 per active participant, below the typical peer ($4,489). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $20,975,922 |
| Participant (employee) contributions | $49,633,138 |
| Other contributions (incl. rollovers in) | $7,760,735 |
| Administrative expenses paid from the plan | $302,915 |
| Contract administrator fees | $4,200 |
| Benefits paid out | $108,102,298 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 6,484 / 6,803 |
| Participants with account balances | 7,672 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcgill, Power, Bell & Associates, L |
| Employer stock held by plan | $49,097,830 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $305,592 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006094357NAL0001762403001, received 2025-10-06, EIN 25-0466020, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.