HCC INSURANCE HOLDINGS, INC. 401(K) PLAN
Plan Contact
- Address: 13403 NORTHWEST FREEWAY,HOUSTON,TX
- Contact person: KATHLEEN MCCUTCHEON
- Phone: (713) 690-7300
Plan General Information
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is $500,866,207.00.This plan was established in 1992.
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is 3468
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is $144,425.00
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is $7,130.00.
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is approximately $4,486.00
Investing in this additonal $4,486.00 for 20 years would give you extra $287,137.00, assuming a 10% annual return.
Investing in this additonal $4,486.00 for 20 years would give you extra $287,137.00, assuming a 10% annual return.
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, HCC INSURANCE HOLDINGS, INC. 401(K) PLAN allocates $15,559,288.00 to match its employees' contributions, providing an employer match rate of 66.10% of their contributions
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is 19.48%.
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is 15.71%. This measures the effectiveness of the plan participants' investments in the year.
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HCC INSURANCE HOLDINGS, INC. 401(K) PLAN is 0.09%.
Enrollment Features
HCC INSURANCE HOLDINGS, INC. 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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