Preferred Mutual Insurance Company 401(k) Plan: Login, Facts & Contact Information

Preferred Mutual Insurance Company 401(k) Plan Facts

Plan name
PREFERRED MUTUAL INSURANCE COMPANY EMPLOYEES' CASH AND DEFERRED SAVINGS PROFIT SHARING PLAN
Plan type
401(k) and profit sharing
Plan sponsor
PREFERRED MUTUAL INSURANCE COMPANY
Participants
374 (312 active employees)
Former employees with a balance
85
Plan assets
$48,442,876 at Dec 31, 2024
Average account balance
$122,022 across 397 accounts
Employer contributions
$858,976 in plan year 2024 (22% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 1, 1985
— Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.00 million went into the plan in contributions, $858,976 of it from the employer (22%).
  • $5.46 million was paid out to participants.
  • Investment and other income added $5.58 million.
  • Administrative expenses were $27,824, about $70 per account.

How the Preferred Mutual Insurance Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019379$36.5 million$657,959$4.24 million
2020398$42.3 million$749,587$2.84 million
2021403$49.6 million$773,768$2.22 million
2022388$39.3 million$784,029$5.77 million
2023388$44.4 million$823,311$6.66 million
2024374$48.4 million$858,976$5.46 million

Preferred Mutual Insurance Company 401(k) Contact Information

Phone
607-847-6161
Mailing address
1 PREFERRED WAY, NEW BERLIN NY 134111800
Plan sponsor
PREFERRED MUTUAL INSURANCE COMPANY
Employer identification number (EIN)
15-0420080
Plan number
003

Questions about the Preferred Mutual Insurance Company 401(k)

Does Preferred Mutual Insurance Company contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $858,976 in employer contributions for plan year 2024.

Does the Preferred Mutual Insurance Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Preferred Mutual Insurance Company 401(k) plan?

374 participants at the start of plan year 2024, 312 of them active employees, and 85 former employees who still had money in the plan.

What is the average 401(k) balance at Preferred Mutual Insurance Company?

About $122,022 per account: $48.4 million in plan assets across 397 accounts with a balance at the end of plan year 2024.

Who manages the Preferred Mutual Insurance Company 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Preferred Mutual Insurance Company. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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