ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is $41,750,673.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is 127

In 2022, the average participant retirement account value for ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is $328,745

In 2022, the estimated average employee contribution amount per participant for ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is $11,004

In 2022, the estimated average employer match for an employee in ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is approximately $7,231

In 2022, ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN allocates $918,400 to match its employees’ contributions, providing an employer match rate of 68.41% of their contributions

In 2022, the total retirement plan asset growth rate of ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is -20.54%

In 2022, the estimated aggregate retirement account investment gain/loss for ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is -18.95%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN is 0.06%.

Enrollment Features

ATTORNEYS’ LIABILITY ASSURANCE SOCIETY LTD., A RISK RETENTION GROUP, 401(K) SAVINGS PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.