Retirement plan
CNA 401K PLAN
CONTINENTAL CASUALTY COMPANYEIN 36-2114545Plan #005PY 2024
Other plans on this EIN
1 filingProspect flagsHigh feesHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
REBECCA SMRZ
Signed 10/03/2025
Summary metrics
Total assets (EOY)
$2505.6M
-4.1% from 2016
Total participants
9,297
+2.5% from 2016
Average account balance
$269,937
-6.3% from 2016
Annual return
13.55%
-7.47 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants5,000-9,999
Cohort1,214 peers
Snapshot2024
85
Participant deferral / active EE
$12,203
median $4,571
93
Employer contribution / active EE
$12,416
median $2,271
94
Participation rate
99.7%
median 88.6%
96
Avg account balance
$269,937
median $72,364
2
Admin fee / account holder
$325
median $76
32
Annual return
13.55%
median 14.77%
Overall peer rank
67of 100
67th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.51B
Average account balance
Total assets / participants with a balance (line 6g)
$270K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,282
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.7%
Contributions (total)
Employer and participant dollars contributed each year
$137.50M
Contributions per participant
Average employer and participant contribution per enrolled participant
$25K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.55%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$325
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS, LLC8 years Service code 15 · EIN 82-1061233 | Recordkeeping | $1,544,469 |
Service code 27 · EIN 58-2236910 | Advisory (Plan) | $524,162 |
LSV ASSET MANAGEMENT1 year Service code 28 · EIN 23-2772200 | Investment Management | $460,468 |
INVESCO10+ years Service code 28 · EIN 58-1707262 | Investment Management | $300,206 |
Service code 28 · EIN 36-3608252 | Investment Management | $133,218 |
NORTHERN TRUST COMPANY10+ years Service code 21 · EIN 36-1561860 | Bank Trustee | $18,005 |
Plan features & details
Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$3.0M
$541 / participant
- Recordkeeping$433K14.3%
- Trustee / custodial$18K0.6%
- Investment mgmt$3M85.1%
% of EOY assets
0.121%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PLANTE & MORAN PLLC
- Auditor EIN
- 381359751
- Audit fees
- $0
- Opinion code
- Unqualified