Secura Insurance Company 401(k) Review & Grade
Secura Employees' Salary Savings Plan
Neenah, WIFinance & Insurance1,086 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,232Employer $ per active participant
$8,796Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$192.7MNet plan assets, end of year
$150,647Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 86th |
| Employee saving | 68th |
| Peers that auto-enroll | 62% |
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
- Secura Insurance put in about $4,232 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 | $4,593,360 |
| Participant (employee) contributions | $9,548,147 |
| Other contributions (incl. rollovers in) | $1,452,897 |
| Administrative expenses paid from the plan | $97,605 |
| Other admin expenses | $97,605 |
| Benefits paid out | $18,702,577 |
| Net assets, start / end of year | $170.7M / $192.7M |
| Active participants, start / end of year | 1,108 / 1,063 |
| Participants with account balances | 1,279 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $47,903 reported compensation |
| Vanguard Advisers Inc. | $39,137 reported compensation |
| Clifton Larson Allen LLP | $13,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010050122NAL0017731650001, received 2025-10-10, EIN 39-0355180, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.