Euler Hermes North America Ins 401(k) Review & Grade
Euler Hermes North America Insurance Company Retirement Savings Plan
Baltimore, MDFinance & Insurance506 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,262Employer $ per active participant
$10,460Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$165.5MNet plan assets, end of year
$245,564Average balance per account
Score breakdown
- Employer generosity45.9 / 5092th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 87th |
| Employee saving | 77th |
| Peers that auto-enroll | 62% |
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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
- Euler Hermes North America Ins put in about $10,262 per active participant, more than the typical peer ($3,606). 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 | $5,197,453 |
| Participant (employee) contributions | $5,297,855 |
| Other contributions (incl. rollovers in) | $1,264,824 |
| Administrative expenses paid from the plan | $81,548 |
| Investment advisory & management fees | $1,897 |
| Other admin expenses | $2,590 |
| Benefits paid out | $21,975,891 |
| Net assets, start / end of year | $153.6M / $165.5M |
| Active participants, start / end of year | 512 / 501 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $87,309 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009144312NAL0007154561001, received 2025-10-09, EIN 52-0222226, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.