HCC Insurance Holdings, Inc. 401(k) Review & Grade
HCC Insurance Holdings, Inc. 401(k) Plan
Houston, TXFinance & Insurance2,756 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,373Employer $ per active participant
$9,507Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$560.6MNet plan assets, end of year
$156,495Average balance per account
Score breakdown
- Employer generosity35.1 / 5070th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 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 | 70th |
| Lower admin cost | 58th |
| Employee saving | 61th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,692 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- HCC Insurance Holdings put in about $6,373 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 | $17,562,704 |
| Participant (employee) contributions | $26,201,723 |
| Other contributions (incl. rollovers in) | $3,822,530 |
| Administrative expenses paid from the plan | $526,648 |
| Investment advisory & management fees | $84,290 |
| Benefits paid out | $47,473,954 |
| Net assets, start / end of year | $500.9M / $560.6M |
| Active participants, start / end of year | 2,762 / 2,750 |
| Participants with account balances | 3,582 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ham, Langston & Brezina, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $423,238 reported compensation |
| Usi Advisors Inc | $81,909 reported compensation |
| Ham Langston & Brezina LLP | $19,120 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008163636NAL0003434435001, received 2025-10-08, EIN 76-0336636, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.