W.R. Berkley Corporation 401(k) Review & Grade
W.R. Berkley Corporation Profit Sharing Plan
Greenwich, CTManagement of Companies6,242 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,119Employer $ per active participant
$10,618Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$2.3BNet plan assets, end of year
$253,458Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost23.9 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 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 | 97th |
| Lower admin cost | 95th |
| Employee saving | 86th |
| Peers that auto-enroll | 58% |
Red flags from the filing
Corrective distributions: the plan refunded $5,488 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- W.R. Berkley put in about $11,119 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 | $69,413,189 |
| Participant (employee) contributions | $66,281,216 |
| Other contributions (incl. rollovers in) | $26,140,285 |
| Administrative expenses paid from the plan | $349,834 |
| Contract administrator fees | $6,000 |
| Other admin expenses | $54,000 |
| Benefits paid out | $158,542,081 |
| Net assets, start / end of year | $1.9B / $2.3B |
| Active participants, start / end of year | 6,103 / 6,382 |
| Participants with account balances | 9,048 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
| Employer stock held by plan | $254,610,103 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $211,029 reported compensation |
| Capfinancial Partners, LLC. | $54,000 reported compensation |
| KPMG LLP | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911180122NAL0000376067001, received 2025-09-11, EIN 22-1867895, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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