U.S. Fire Insurance Co. 401(k) Review & Grade
Crum & Forster Employee Savings Plan
Morristown, NJFinance & Insurance2,568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,451Employer $ per active participant
$10,404Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$590.7MNet plan assets, end of year
$170,369Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost18.4 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 73th |
| Employee saving | 71th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $54,894 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- U.S. Fire Insurance put in about $8,451 per active participant, more than the typical peer ($4,489). 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 | $21,705,705 |
| Participant (employee) contributions | $26,723,860 |
| Other contributions (incl. rollovers in) | $5,632,646 |
| Administrative expenses paid from the plan | $331,643 |
| Other admin expenses | $331,643 |
| Benefits paid out | $56,483,127 |
| Net assets, start / end of year | $522.2M / $590.7M |
| Active participants, start / end of year | 2,545 / 2,592 |
| Participants with account balances | 3,467 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith & Brown |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $208,120 reported compensation |
| The Vanguard Group, Inc. | $58,774 reported compensation |
| Usi Advisors Inc. | $55,813 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007143243NAL0008120816001, received 2025-10-07, EIN 13-5459190, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.