Proassurance Group Savings And Retirement Plan 401(k) Plan: Login, Facts & Contact Information

Proassurance Group Savings And Retirement Plan 401(k) Plan Facts

Plan name
PROASSURANCE GROUP SAVINGS AND RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PROASSURANCE GROUP SAVINGS AND RETIREMENT PLAN
Participants
1,542 (1,037 active employees)
Former employees with a balance
402
Plan assets
$370,592,635 at Dec 31, 2024
Average account balance
$259,519 across 1,428 accounts
Employer contributions
$5,853,283 in plan year 2024 (32% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1988
✓ 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 Aug 27, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $18.3 million went into the plan in contributions, $5.85 million of it from the employer (32%).
  • $46.1 million was paid out to participants.
  • Investment and other income added $46.4 million.
  • Administrative expenses were $281,175, about $197 per account.

How the Proassurance Group Savings And Retirement Plan 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,197$257.5 million$7.26 million$14.0 million
20201,203$280.0 million$5.44 million$24.2 million
20211,255$304.5 million$3.39 million$30.0 million
20221,504$324.6 million$4.15 million$38.5 million
20231,605$352.4 million$5.70 million$44.8 million
20241,542$370.6 million$5.85 million$46.1 million

Proassurance Group Savings And Retirement Plan 401(k) Contact Information

Phone
205-877-4462
Plan sponsor
PROASSURANCE GROUP SAVINGS AND RETIREMENT PLAN
Employer identification number (EIN)
63-1285505
Plan number
003

Questions about the Proassurance Group Savings And Retirement Plan 401(k)

Does Proassurance Group Savings And Retirement Plan contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $5.85 million, 32% of all contributions.

Does the Proassurance Group Savings And Retirement Plan 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Proassurance Group Savings And Retirement Plan 401(k) plan?

1,542 participants at the start of plan year 2024, 1,037 of them active employees, and 402 former employees who still had money in the plan.

What is the average 401(k) balance at Proassurance Group Savings And Retirement Plan?

About $259,519 per account: $370.6 million in plan assets across 1,428 accounts with a balance at the end of plan year 2024.

Who manages the Proassurance Group Savings And Retirement Plan 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Proassurance Group Savings And Retirement Plan. How do I access my 401(k)?

Your account stays with Principal 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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