Travelers Companies, Inc. 401(k) Review & Grade
The Travelers 401(k) Savings Plan
ST. Paul, MNFinance & Insurance30,509 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,901Employer $ per active participant
$11,074Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$10.4BNet plan assets, end of year
$249,289Average balance per account
Score breakdown
- Employer generosity21.8 / 5044th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 79th |
| Employee saving | 68th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Corrective distributions: the plan refunded $24,816 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Travelers Companies put in about $4,901 per active participant, below the typical peer ($5,179). 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 | $149,533,994 |
| Participant (employee) contributions | $337,848,903 |
| Other contributions (incl. rollovers in) | $58,510,817 |
| Administrative expenses paid from the plan | $3,725,973 |
| Contract administrator fees | $10,880 |
| Investment advisory & management fees | $202,210 |
| Other admin expenses | $2,629,022 |
| Benefits paid out | $784,841,791 |
| Net assets, start / end of year | $9.2B / $10.4B |
| Active participants, start / end of year | 30,233 / 30,785 |
| Participants with account balances | 41,646 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG, LLC |
| Employer stock held by plan | $429,670,434 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $2,496,245 reported compensation |
| Fidelity Investments Institutional | $755,761 reported compensation |
| State Street Global Advisor Trust | $138,663 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925101201NAL0008396353001, received 2025-09-25, EIN 41-0518860, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.