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  2. SUMITOMO MITSUI BANKING CORPORATION
Sponsor portfolioTH

SUMITOMO MITSUI BANKING CORPORATION

EIN 13-5611820-Finance and Insurance-Latest filing 2024
Plans
3
Retirement
2
$1.11B assets
Welfare
1
$4.2M premiums
Participants
16,107
277 PARK AVENUE - NEW YORK, NY 10172212-224-4000
Plans on this EIN
3 filings
#002401k-$764.5M - 5,799 part#001CashBalance-$341.9M - 5,506 part#501Mixed-$4.2M - 11,125 lives

Retirement portfolio analytics

2 plans aggregated / $1.11B assets / 11,305 participants

Assets by plan

Share of aggregate retirement assets

69%top
  • BANKING CORPORATION 401(K) (#002)69%
  • CORPORATION RETIREMENT PLAN (#001)31%
Total $1.11BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • BANKING CORPORATION 401(K) (#002)5,799
  • CORPORATION RETIREMENT PLAN (#001)5,506
Total 11,305Click row to drill in

Benefits portfolio analytics

1 plan / $4.2M premiums / 11,125 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$3.5M
  • Life$1.9M
  • Long-term disability$796K
  • Health$749K
  • Prescription drug$749K
  • Dental$65K
Total $4.2M6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
65%top
  • RELIANCE STANDARD LIFE INSURANCE COMPANY65%
  • CIGNA HEALTH AND LIFE INSURANCE COMPANY20%
  • METROPOLITAN LIFE INSURANCE COMPANY15%
  • LIFE INSURANCE COMPANY OF NORTH AMERICA1%
  • DELAWARE AMERICAN LIFE INSURANCE COMPANY0%
Total $4.2M5 slices

Broker market share

Schedule A broker compensation

Split broker
64%top
  • USI INSURANCE SERVICES LLC64%
  • BENEFITSTORE INC29%
  • GALLAGHER BENEFIT SERVICES, INC.7%
Total $127K3 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#002

SUMITOMO MITSUI BANKING CORPORATION 401(K) PLAN

401k

Assets$764.5M
Participants5,799
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001

SUMITOMO MITSUI BANKING CORPORATION RETIREMENT PLAN

CashBalance

Assets$341.9M
Participants5,506
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

SUMITOMO MITSUI BANKING CORP WELFARE PLANS

Mixed - FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY

Premiums$4.2M
Covered lives11,125
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans2

Plan #NameTypeAssetsParticipantsLatest year
002SUMITOMO MITSUI BANKING CORPORATION 401(K) PLAN401k$764.5M5,7992024
001SUMITOMO MITSUI BANKING CORPORATION RETIREMENT PLANCashBalance$341.9M5,5062024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
501SUMITOMO MITSUI BANKING CORP WELFARE PLANSMixedFIRST RELIANCE STANDARD LIFE INSURANCE COMPANY$4.2M11,1252024
Retirement plans
Welfare plans
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