Ohio › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The National Mutual Insurance Company 401(k) Savings Plan
Sponsored by The National Mutual Insurance Company, Celina, OH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, The National Mutual Insurance Company 401(k) Savings Plan covered 243 participants and held $29.5M in net assets. The plan is a 401(k) plan sponsored by The National Mutual Insurance Company of Celina, Ohio.
Net assets came to $121,297 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $8,694.
Across the filings on record, net assets went from $10.3M in 2009 to $29.5M in 2024 (up 187%), and participants from 196 to 243 (up 24%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $121,297 | $60,185 | $92,294 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $3,564 | $2,175 |
| Schedule C compensation per participant | — | $194 | $137 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.17% | 0.26% |
| Administrative expenses per participant | $35.78 | $176 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 243 | $29.5M | $121,296 | — | $1.7M | $0 |
| 2023 | 242 | $31.4M | $129,740 | — | $1.7M | $0 |
| 2022 | 235 | $25.9M | $110,145 | — | $1.7M | $0 |
| 2021 | 222 | $29.5M | $133,086 | — | $1.6M | $0 |
| 2020 | 224 | $27.4M | $122,424 | — | $1.6M | $0 |
| 2019 | 229 | $23.7M | $103,410 | — | $1.5M | $0 |
| 2018 | 219 | $21.3M | $97,073 | — | $1.3M | $0 |
| 2017 | 215 | $22.9M | $106,642 | — | $1.3M | $0 |
| 2016 | 209 | $20.2M | $96,517 | — | $1.2M | $0 |
| 2015 | 202 | $18.5M | $91,416 | — | $1.1M | $0 |
| 2014 | 201 | $18.5M | $91,856 | — | $1.0M | $0 |
| 2013 | 197 | $17.1M | $87,025 | — | $951K | $0 |
| 2012 | 197 | $14.0M | $71,041 | — | $844K | $0 |
| 2011 | 197 | $12.4M | $62,756 | — | $827K | $0 |
| 2010 | 196 | $11.7M | $59,714 | — | $768K | $0 |
| 2009 | 196 | $10.3M | $52,423 | — | $657K | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$31,396,651
- Employer contributions—
- Participant contributions$1,745,291
- Rollovers and other contributions$87,041
- Total contributions$1,832,332
- Total income, including investment results$5,585,082
- Benefits paid$7,497,889
- Administrative expenses$8,694
- Total expenses$7,506,583
- Net income−$1,921,501
- Net transfers$0
- Net assets, end of year$29,475,150
Participants
- Active participants196
- Retired or separated, receiving benefits47
- Retired or separated, entitled to future benefits—
- Participants with account balances235
- Total participants, end of year243
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$8,694
- Total administrative expenses$8,694
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$29.0M · 98.4%
- Participant loans$243K · 0.8%
- Common/collective trusts$238K · 0.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 524290: Other Insurance Related Activities (including third-party administration of Insurance and pension funds).
Other plans of The National Mutual Insurance Company
| Plan | Participants | Net assets |
|---|---|---|
| The National Mutual Insurance Company Money Purchase Pension Plan | 216 | $23.4M |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ohio Valley Banc Corp. Employee Stock Ownership Plan | Ohio Valley Banc Corp. | 244 | $9.4M | $38,599 |
| Atomic Credit Union, Inc. 401(k) Plan | Atomic Credit Union, Inc. | 242 | $18.1M | $74,609 |
| McGohan Brabender Employee Stock Ownership Plan | McGohan Brabender Employee Stock Ownership Plan | 248 | $11.4M | $45,886 |
| Matic Insurance Services 401(k) Plan | Matic Insurance Services Inc. | 240 | $4.1M | $17,283 |
| Brown Gibbons Lang & Co. LLC 401(k) Savings Plan | Brown Gibbons Lang & Company LLC | 252 | $25.2M | $100,130 |
| Consumers National Bank 401(k) Savings and Retirement Plan | Consumers National Bank | 238 | $15.8M | $66,464 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is The National Mutual Insurance Company 401(k) Savings Plan?
243 participants at the end of the plan year ending 31 Dec 2024, of whom 196 were active employees, with net assets of $29,475,150. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does The National Mutual Insurance Company contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $8,694. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The National Mutual Insurance Company. The financial statements were audited by Forvis Mazars, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 34-4312510, plan 005, received 9 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.