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Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF AETNA INC.

AETNA INC.EIN 23-2229683Plan #003PY 2015
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151 FARMINGTON AVE. - HARTFORD, CT 06156800-238-6247
Other plans on this EIN
2 filings
#004Retirement-$6.84B assets#005Retirement--
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 238-6247
Plan administrator signer
KAY MOONEY
Signed 10/07/2016
How to read this page

Summary metrics

Total assets (EOY)
$5879.9M
-1.5% from 2016
Total participants
64,201
+2.3% from 2016
Average account balance
$0
No prior year
Annual return
-1.05%
-7.92 pp from 2016

Benchmarks

See 38 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort38 peers
Snapshot2015
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $4,473
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,522
Admin fee / account holder
$0
median $275
Annual return
-1.05%
median -0.83%
Overall peer rank
38th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.24B
Average account balance
Total assets / participants with a balance (line 6g)
$106K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
40,387
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
+3.09%
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 30 by compensation
ProviderService typeCompensation
AONHEWITT1+ years
Service code 11 · EIN 36-2235791
Actuarial
$4,381,633
AETNA LIFE INSURANCE COMPANY1+ years
Service code 13 · EIN 06-6033492
Contract Administrator
$3,104,753
MFS INSTITUTIONAL ADVISORS INC.1+ years
Service code 28 · EIN 04-3247425
Investment Management
$1,307,695
DE SHAW INVESTMENT MANAGEMENT1+ years
Service code 28 · EIN 20-2455619
Investment Management
$1,307,306
PACIFIC INVESTMENT MANAGEMENTCO LLC1+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,187,570
ARBOR CAPITAL MANAGEMENT LLC1+ years
Service code 28 · EIN 41-1861772
Investment Management
$1,140,863
BARROW HANLEY MEWHINNEY & STRAUSS1+ years
Service code 28 · EIN 75-2403190
Investment Management
$1,111,493
AQR CAPITAL MANAGEMENT LLC1+ years
Service code 28 · EIN 13-3987414
Investment Management
$1,099,679
ARROWSTREET CAPITAL LP1+ years
Service code 28 · EIN 04-3472863
Investment Management
$1,049,282
ARONSON JOHNSON OTIZ LP1+ years
Service code 28 · EIN 23-2312104
Investment Management
$920,826

Enrolled actuary

1 attachment
SB

ERIC A. KEENER

HEWITT ASSOCIATES LLC
Enrollment #1406663
45 GLOVER AVENUE
NORWALK, CT 068501203
(203) 852-1100
Signed 2016-09-20

Top hat statement on fileNQDC

Filed September 24, 1992

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 codes1C1A3H1I
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).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • 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
$31.5M
$1659 / participant
  • Investment mgmt$22M70.3%
  • Contract admin$6M20.5%
  • Other / not subdivided$3M9.3%
% of EOY assets
0.535%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
KPMG LLC
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Disclaimer