Cincinnati Financial Corporation 401(k) Review & Grade
Cincinnati Financial Corporation Tax-Qualified Savings Plan
Fairfield, OHFinance & Insurance5,468 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,223Employer $ per active participant
$9,874Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$205,040Average balance per account
Score breakdown
- Employer generosity29.8 / 5060th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 77th |
| Employee saving | 66th |
| Peers that auto-enroll | 66% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Cincinnati Financial put in about $5,223 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 | $28,558,484 |
| Participant (employee) contributions | $53,988,646 |
| Other contributions (incl. rollovers in) | $7,675,947 |
| Administrative expenses paid from the plan | $634,301 |
| Contract administrator fees | $9,000 |
| Investment advisory & management fees | $286,767 |
| Benefits paid out | $70,030,587 |
| Net assets, start / end of year | $1.1B / $1.3B |
| Active participants, start / end of year | 5,372 / 5,564 |
| Participants with account balances | 6,274 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte and Touche LLP |
| Employer stock held by plan | $67,172,249 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $311,459 reported compensation |
| Strategic Advisors, Inc. | $286,767 reported compensation |
| Deloitte & Touche LLP | $53,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250620104634NAL0002291347001, received 2025-06-20, EIN 31-0746871, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.