Retirement plan
LIBERTY MUTUAL RETIREMENT BENEFIT PLAN
LIBERTY MUTUAL GROUP INC.EIN 04-3583679Plan #001PY 2023
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
VERLINDA COTTON DIMARINO
Signed 10/11/2024
Plan administrator entity
LIBERTY MUTUAL RETIREMENT COMMITTEE
EIN 611801137
Summary metrics
Total assets (EOY)
$6892.3M
-3.4% from 2016
Total participants
81,337
+3.6% from 2016
Average account balance
$0
No prior year
Annual return
9.51%
-6.24 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $0
17
Employer contribution / active EE
$3,896
median $4,724
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
48
Annual return
9.51%
median 9.60%
Overall peer rank
33of 100
33rd 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 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FID INV INST OPS CO6 years Service code 15 · EIN 04-2647786 | Recordkeeping | $4,262,333 |
Service code 28 · EIN 94-3112180 | Investment Management | $825,967 |
Service code 28 · EIN 13-3575636 | Investment Management | $774,216 |
THE BANK OF NEW YORK MELLON9+ years Service code 18 · EIN 13-5160382 | Trustee (bank, trust company, or simi... | $458,757 |
AON CONSULTING6 years Service code 15 · EIN 22-2232264 | Recordkeeping | $373,690 |
DELOITTE TAX LLP6 years Service code 11 · EIN 86-1065772 | Actuarial | $251,597 |
Service code 28 · EIN 36-4464580 | Investment Management | $117,000 |
GRANT THORNTON2 years Service code 17 · EIN 36-6055558 | Pension Consulting | $63,361 |
DANIEL DENNIS CO.9+ years Service code 10 · EIN 04-2734675 | Accounting | $3,000 |
Enrolled actuary
1 attachment
SB
BENJAMIN W. GILDE
AON CONSULTING, INC.
Enrollment #2308001
700 DISTRICT AVE
BURLINGTON, MA 01803
(617) 482-3100
Signed 2024-09-20
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
$21.7M
$622 / participant
- Recordkeeping$4M19.6%
- Trustee / custodial$459K2.1%
- Investment mgmt$5M21.6%
- Actuarial$252K1.2%
- Other / not subdivided$12M55.5%
% of EOY assets
0.315%
all-in expense ratio
Categories reported
4 / 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
- $3,000
- Opinion code
- Unqualified