2023 Form 5500 filing — Hagerty Insurance Agency, LLC Employee' 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241107104538NAL0021927154001) for Hagerty Insurance Agency, LLC Employee' 401(K) Plan, reported by Hagerty Insurance Agency, LLC under EIN 88-0268247 and plan number 001. It reports 2,127 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241107104538NAL0021927154001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Hagerty Insurance Agency, LLC
- EIN
- 88-0268247
- Plan number
- 001
- Location
- Traverse City, MI
- Participants
- 2,127
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $135,201,039
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $135,201,039
- Employer contributions
- $6,069,967
- Participant contributions
- $12,212,574
- Total income / additions
- $38,527,537
- Benefits paid
- $20,446,178
- Administrative expenses
- $247,648
- Total expenses
- $20,696,496
- Net increase / (decrease)
- $17,831,041
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $247,648 | $0 |
| Next Financial Group Inc | INVESTMENT ADVISORY | $0 | $10,000 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $6,703 |