Illinois › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Old Republic International Employees Retirement Plan
Sponsored by Old Republic International Corp., Chicago, IL
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.
Old Republic International Employees Retirement Plan is a defined benefit pension plan sponsored by Old Republic International Corp. of Chicago, Illinois. For the plan year ending 31 Dec 2024 it reported 4,693 participants, 565 of them active, and net assets of $519M.
Net assets came to $110,648 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and below the $119,983 median for defined benefit 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.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $882K: $188 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $882K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $83.5M in 2010 to $519M in 2024 (up 522%), and participants from 1,299 to 4,693 (up 261%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $110,648 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $188 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.17% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $188 | $513 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), finance and insurance (690) and all US plans (5,308). 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 | 4,693 | $519M | $110,648 | — | — | $882K |
| 2023 | 4,777 | $521M | $108,988 | — | — | $893K |
| 2022 | 4,850 | $507M | $104,570 | — | — | $3.0M |
| 2021 | 4,971 | $556M | $111,843 | $0 | — | $3.8M |
| 2020 | 4,978 | $482M | $96,741 | $0 | — | $2.6M |
| 2019 | 5,061 | $500M | $98,822 | $11.8M | — | $3.7M |
| 2018 | 5,121 | $429M | $83,816 | $4.0M | — | $3.6M |
| 2017 | 5,184 | $466M | $89,830 | $11.4M | — | $3.5M |
| 2016 | 5,261 | $432M | $82,121 | $4.9M | — | $3.4M |
| 2015 | 5,323 | $408M | $76,726 | $0 | $0 | $3.0M |
| 2014 | 5,374 | $426M | $79,178 | $11.4M | $0 | $1.7M |
| 2013 | 5,434 | $412M | $75,871 | $3.0M | $3,000 | $385K |
| 2012 | 3,503 | $276M | $78,845 | $5.5M | — | $150K |
| 2011 | 1,275 | $89.2M | $69,928 | $10.0M | — | $178K |
| 2010 | 1,299 | $83.5M | $64,242 | $14.5M | — | $113K |
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$520,634,445
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$31,527,171
- Benefits paid$32,009,311
- Administrative expenses$882,103
- Total expenses$32,891,414
- Net income−$1,364,243
- Net transfers$0
- Net assets, end of year$519,270,202
Participants
- Active participants565
- Retired or separated, receiving benefits2,608
- Retired or separated, entitled to future benefits1,179
- Participants with account balances0
- Total participants, end of year4,693
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Pension Benefits Guaranty Corp. | Direct payment from the plan; Other fees | $479,485 | $0 |
| Mercer Human Resource Consulting | Actuarial | $200,357 | $0 |
| Empower Annuity Insurance Company | Recordkeeping fees | $90,863 | $0 |
| Principal Trust Company | Custodial (securities) | $44,590 | $0 |
| CBIZ CPAS P.C. | Accounting (including auditing) | $36,000 | $0 |
| The Northern Trust | Trustee (bank, trust company, or similar financial institution) | $30,808 | $0 |
| Troutman Pepper Locke LLP | Legal | $0 | $0 |
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$479,485
- Actuarial fees$200,357
- Investment advisory and management fees$166,261
- IQPA audit fees$36,000
- Total administrative expenses$882,103
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.
- Corporate debt instruments$373M · 71.8%
- Employer securities$102M · 19.7%
- Common/collective trusts$31.0M · 6.0%
- U.S. Government securities$5.7M · 1.1%
- Receivables$3.7M · 0.7%
- Insurance company general account$3.5M · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCBIZ CPAS P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $40,000,000
- 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
1ABenefits are primarily pay related1IFrozen 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 Old Republic International Corp.
| Plan | Participants | Net assets |
|---|---|---|
| Ori 401(k) Savings and Profit Sharing Plan | 14,343 | $2.06B |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Arthur J. Gallagher & Co. Employees' Pension Plan | Arthur J. Gallagher (Illinois), LLC | 5,137 | $313M | $60,991 |
| Pension Plan for Employees of the Chicago Mercantile Exchange, Inc. | Chicago Mercantile Exchange, Inc. | 3,557 | $368M | $103,483 |
| Discover Financial Services Pension Plan | Discover Financial Services | 11,889 | $482M | $40,531 |
| Modern Woodmen of America Employees' Retirement Plan | Modern Woodmen of America | 2,499 | $864M | $345,932 |
| Carpenters Pension Fund of Illinois | Board of Trustees of Carpenters Pension Fund of Illinois | 17,735 | $2.23B | $125,643 |
| Cefcu Retirement Income Plan and Trust | Citizens Equity First Credit Union | 1,224 | $205M | $167,564 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Old Republic International Employees Retirement Plan?
4,693 participants at the end of the plan year ending 31 Dec 2024, of whom 565 were active employees, with net assets of $519,270,202. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Old Republic International Corp. 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 $882,103 in compensation to service provider organisations, $188 per participant or 0.17% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $882,103. 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 Old Republic International Corp.. Recordkeeping or administration: Empower Annuity Insurance Company. Trustee or custodian: Principal Trust Company and The Northern Trust. The financial statements were audited by CBIZ CPAS P.C.. 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 14 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 36-2678171, plan 001, received 14 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.