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Retirement plan

LIBERTY MUTUAL RETIREMENT BENEFIT PLAN

LIBERTY MUTUAL GROUP INC.EIN 04-3583679Plan #001PY 2016
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175 BERKELEY STREET - BOSTON, MA 02116617-357-9500
Other plans on this EIN
1 filing
#002Retirement-$7.21B assets
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(617) 357-9500
Plan administrator signer
THOMAS OKSANEN
Signed 10/11/2017
Plan administrator entity
LIBERTY MUTUAL RETIREMENT COMMITTEE
EIN 611801137
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Summary metrics

Total assets (EOY)
$7185.6M
-3.4% from 2016
Total participants
77,224
+3.6% from 2016
Average account balance
$0
No prior year
Annual return
6.19%
-6.24 pp from 2016

Benchmarks

See 46 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort46 peers
Snapshot2016
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$10,064
median $6,902
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $40,289
Admin fee / account holder
$0
median $312
Annual return
6.19%
median 7.07%
Overall peer rank
46th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.25B
Average account balance
Total assets / participants with a balance (line 6g)
$88K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
39,299
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$136.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-0.85%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 11 by compensation
ProviderService typeCompensation
HEWITT ASSOCIATES LLC1 year
Service code 15 · EIN 36-2235791
Recordkeeping
$6,662,845
THE BANK OF NEW YORK MELLON2+ years
Service code 18 · EIN 13-5160382
Direct payment from the plan; Other s...
$1,543,057
MATTHEWS INTL CAPITAL MGT LLC2+ years
Service code 26 · EIN 94-3250972
Advisory (Participants)
$1,230,362
NUMERIC2+ years
Service code 28 · EIN 04-3068821
Investment Management
$1,090,903
LAZARD ASSET MANAGEMENT, LLC1 year
Service code 28 · EIN 05-0530199
Investment Management
$780,831
ARROW STREET2+ years
Service code 28 · EIN 04-3472863
Investment Management
$754,400
BURGUNDY ASSET MANAGEMENT1 year
Service code 28
Investment Management
$346,939
INVESTEC ASSET MANAGEMENT U.S. LTD2+ years
Service code 28 · EIN 95-4452894
Investment Management
$269,371
PRICEWATERHOUSECOOPERS LLP2+ years
Service code 16 · EIN 13-4008324
Consulting
$175,188
METROPOLITAN LIFE INSURANCE COMPANY2+ years
Service code 28 · EIN 13-5581829
Investment Management
$35,114

Enrolled actuary

1 attachment
SB

STEPHEN F. DOUCETTE

AON CONSULTING, INC.
Enrollment #1705297
230 THIRD AVENUE
WALTHAM, MA 024517528
(781) 891-8600
Signed 2017-09-14

Plan features & details

Pension benefit codes1A1C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$18.0M
$452 / participant
  • Investment mgmt$4M23.0%
  • Other / not subdivided$14M77.0%
% of EOY assets
0.250%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
DANIEL DENNIS & COMPANY LLP
Auditor EIN
042734675
Audit fees
(not subdivided)
Opinion code
Unqualified