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Retirement plan

THE PRUDENTIAL MERGED RETIREMENT PLAN

THE PRUDENTIAL INSURANCE COMPANY OF AMERICAEIN 22-1211670Plan #003PY 2022
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751 BROAD STREET, 18TH FLOOR - NEWARK, NJ 071023777973-802-4137LinkedIn1-10 employees
Other plans on this EIN
1 filing
#002Retirement-$9.80B assets
Prospect flagsLow participationWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(973) 802-4137
Plan administrator signer
JOSEPH MACHEWIRTH
Signed 10/05/2023
Plan administrator entity
PRUDENTIAL ADMINISTRATIVE COMMITTEE
EIN 226892273
How to read this page

Summary metrics

Total assets (EOY)
$12277.3M
-1.8% from 2016
Total participants
45,491
-0.3% from 2016
Average account balance
$0
No prior year
Annual return
-11.77%
-6.24 pp from 2016

Benchmarks

See 30 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2022
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $4,244
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,469,698
Admin fee / account holder
$0
median $19,323
Annual return
-11.77%
median -15.14%
Overall peer rank
38th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$12.03B
Average account balance
Total assets / participants with a balance (line 6g)
$271K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
28,509
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
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.06%
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 13 by compensation
ProviderService typeCompensation
THE PRUDENTIAL INSURANCE COMPANY5 years
Service code 13 · EIN 22-1211670
Contract Administrator
$9,001,254
ALIGHT ASSOCIATES LLC5 years
Service code 15 · EIN 36-2235791
Recordkeeping
$7,020,399
PRUDENTIAL TRUST COMPANY8+ years
Service code 28 · EIN 23-6994310
Investment Management
$3,293,460
NEUBERGER BERMAN1 year
Service code 49 · EIN 02-0654486
Other Services
$514,943
WELLINGTON MANAGEMENT1 year
Service code 49 · EIN 04-2755549
Other Services
$430,374
BELLWETHER CONSULTING INC8+ years
Service code 27 · EIN 22-3784192
Advisory (Plan)
$264,606
WILLIS TOWERS WATSON US LLC4 years
Service code 10 · EIN 53-0181291
Accounting
$167,211
DELOITTE2 years
Service code 49 · EIN 02-1206115
Other Services
$148,456
MITCHELL & TITUS3 years
Service code 10 · EIN 13-2781641
Accounting
$68,500
BLACKROCK2 years
Service code 49 · EIN 94-3112180
Other Services
$57,985

Enrolled actuary

1 attachment
SB

SHERI DECRISTOFARO

WILLIS TOWERS WATSON US LLC
Enrollment #2306629
1735 MARKET STREET
PHILADELPHIA, PA 191037501
(215) 246-6297
Signed 2023-08-29

Top hat statement on fileNQDC

Filed October 9, 2018 (most recent of 9 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1E3F3H
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).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$19.2M
$1182 / participant
  • Investment mgmt$7M38.7%
  • Contract admin$7M36.7%
  • Other / not subdivided$5M24.6%
% of EOY assets
0.156%
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
MITCHELL & TITUS
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Unqualified