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Retirement plan

LIBERTY MUTUAL 401(K) PLAN

LIBERTY MUTUAL GROUP INC.EIN 04-3583679Plan #002PY 2019
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175 BERKELEY STREET - BOSTON, MA 02116617-357-9500
Other plans on this EIN
1 filing
#001Retirement-$8.62B assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(617) 357-9500
Plan administrator signer
VERLINDA COTON DIMARINO
Signed 10/13/2020
Plan administrator entity
LIBERTY MUTUAL RETIREMENT COMMITTEE
EIN 611801137
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Summary metrics

Total assets (EOY)
$8876.5M
-7.3% from 2016
Total participants
51,723
-1.5% from 2016
Average account balance
$174,493
-5.3% from 2016
Annual return
24.02%
-4.20 pp from 2016

Benchmarks

See 80 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort80 peers
Snapshot2019
Participant deferral / active EE
$9,639
median $6,272
Employer contribution / active EE
$3,533
median $3,719
Participation rate
97.6%
median 95.8%
Avg account balance
$174,493
median $120,205
Admin fee / account holder
$226
median $59
Annual return
24.02%
median 22.69%
Overall peer rank
58th 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 12 by compensation
ProviderService typeCompensation
FID MGMT TRUST CO2 years
Service code 21 · EIN 04-2723880
Bank Trustee
$5,334,281
BLACKROCK INSTITUTIONAL TRUST CO5+ years
Service code 21 · EIN 94-3112180
Bank Trustee
$1,356,619
WILLIAM BLAIR & CO2 years
Service code 28 · EIN 36-2214610
Investment Management
$1,336,003
STRATEGIC ADVISORS, INC.2 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$1,328,488
BAILLIE GIFFORD OVERSEAS LIMITED2 years
Service code 28 · EIN 22-3438530
Investment Management
$1,210,473
PACIFIC INVESTMENT MANAGEMENT CO5+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,158,693
EATON VANCE4 years
Service code 28 · EIN 04-3101341
Investment Management
$992,993
CARDINAL CAPITAL MGMT, LLC2 years
Service code 28 · EIN 06-1422705
Investment Management
$681,103
GALLIARD CAPITAL MANAGEMENT, INC3 years
Service code 28 · EIN 41-1813702
Investment Management
$194,761
ROCATON5+ years
Service code 16 · EIN 04-3638035
Consulting
$192,589

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 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
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$11.5M
$329 / participant
  • Investment mgmt$8M67.8%
  • Other / not subdivided$4M32.2%
% of EOY assets
0.130%
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