Retirement plan
LIBERTY MUTUAL RETIREMENT BENEFIT PLAN
LIBERTY MUTUAL GROUP INC.EIN 04-3583679Plan #001PY 2018
175 BERKELEY STREET - BOSTON, MA 02116617-357-9500
Other plans on this EIN
1 filingProspect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
THOMAS OKSANEN
Signed 10/11/2019
Plan administrator entity
LIBERTY MUTUAL RETIREMENT COMMITTEE
EIN 611801137
Summary metrics
Total assets (EOY)
$7334.6M
-3.4% from 2016
Total participants
78,165
+3.6% from 2016
Average account balance
$0
No prior year
Annual return
-3.47%
-6.24 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort42 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $0
20
Employer contribution / active EE
$2,366
median $4,259
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $7,764,297
0
Admin fee / account holder
$0
median $62,356
63
Annual return
-3.47%
median -4.24%
Overall peer rank
41of 100
41st 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 14 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 28 · EIN 13-3575636 | Investment Management | $2,310,160 |
ALIGHT SOLUTIONS LLC2 years Service code 15 · EIN 82-1061233 | Recordkeeping | $2,182,470 |
THE BANK OF NEW YORK MELLON4+ years Service code 18 · EIN 13-5160382 | Direct payment from the plan; Other s... | $1,733,497 |
NUMERIC4+ years Service code 28 · EIN 04-3068821 | Investment Management | $1,261,219 |
FID INV INST OPS CO1 year Service code 16 · EIN 04-2647786 | Consulting | $1,045,194 |
ARROW STREET4+ years Service code 28 · EIN 04-3472863 | Investment Management | $1,005,385 |
MATTHEWS INTL CAPITAL MGT LLC4+ years Service code 26 · EIN 94-3250972 | Advisory (Participants) | $981,180 |
BURGUNDY ASSET MANAGEMENT3 years Service code 28 | Investment Management | $964,560 |
GAM2 years Service code 28 | Investment Management | $819,693 |
LAZARD ASSET MANAGEMENT LLC4+ years Service code 28 · EIN 05-0530199 | Investment Management | $470,441 |
Enrolled actuary
1 attachment
SB
STEPHEN F. DOUCETTE
AON CONSULTING, INC.
Enrollment #1705297
230 THIRD AVENUE
WALTHAM, MA 024517528
(781) 891-8600
Signed 2019-09-13
Plan features & details
Pension benefit codes1A1C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- 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
$22.5M
$626 / participant
- Investment mgmt$10M46.5%
- Other / not subdivided$12M53.5%
% of EOY assets
0.307%
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