Retirement plan
LIBERTY MUTUAL 401(K) PLAN FKA LIBERTY MUTUAL EMPLOYEES' THRIFT-INCENTIVE PLAN
LIBERTY MUTUAL GROUP INC.EIN 04-3583679Plan #002PY 2015
175 BERKELEY STREET - BOSTON, MA 02116617-357-9500
Other plans on this EIN
1 filingProspect flagsHigh fees
Filing contacts
From the Form 5500, federal recordPlan administrator signer
THOMAS OKSANEN
Signed 10/07/2016
Plan administrator entity
TIP ADMINISTRATIVE COMMITTEE
EIN 042594601
Summary metrics
Total assets (EOY)
$6683.2M
-7.3% from 2016
Total participants
61,813
-1.5% from 2016
Average account balance
$125,567
-5.3% from 2016
Annual return
4.38%
-4.20 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort75 peers
Snapshot2015
62
Participant deferral / active EE
$6,023
median $5,176
42
Employer contribution / active EE
$2,703
median $2,926
16
Participation rate
81.6%
median 91.8%
82
Avg account balance
$125,567
median $81,792
7
Admin fee / account holder
$305
median $49
88
Annual return
4.38%
median 0.64%
Overall peer rank
50of 100
50th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$11.35B
Average account balance
Total assets / participants with a balance (line 6g)
$233K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
48,718
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.0%
Contributions (total)
Employer and participant dollars contributed each year
$527.26M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.52%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$256
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 16 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES LLC1+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $3,171,357 |
Service code 28 · EIN 13-3040307 | Investment Management | $1,857,256 |
PACIFIC INVESTMENT MANAGEMENT CO1+ years Service code 28 · EIN 33-0629048 | Investment Management | $1,636,534 |
PEREGRINE CAPITAL MANAGEMENT1+ years Service code 28 · EIN 41-6257136 | Investment Management | $1,449,103 |
MONDRIAN INVESTMENT PARTNERS LTD1+ years Service code 28 · EIN 98-0117968 | Investment Management | $1,312,359 |
WESTFIELD CAPITAL MANAGEMENT CO1+ years Service code 28 · EIN 80-0175963 | Investment Management | $1,236,423 |
FINANCIAL ENGINES1+ years Service code 26 · EIN 94-3250323 | Advisory (Participants) | $1,225,122 |
ARTISAN PARTNERS LTD PARTNERSHIP1+ years Service code 28 · EIN 39-1807188 | Investment Management | $1,205,039 |
STERLING CAPITAL MANAGEMENT LLC1+ years Service code 28 · EIN 42-1658828 | Investment Management | $1,095,013 |
Service code 28 · EIN 42-1658828 | Investment Management | $677,704 |
Plan features & details
Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Expense breakdown
Schedule H Part II
Admin total
$16.2M
$347 / participant
- Investment mgmt$9M56.3%
- Contract admin$3M19.6%
- Other / not subdivided$4M24.2%
% of EOY assets
0.243%
all-in expense ratio
Categories reported
2 / 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