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Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF AETNA INC.

AETNA INC.EIN 23-2229683Plan #003PY 2023
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151 FARMINGTON AVE., RTAA - HARTFORD, CT 06156401-765-1500
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ROBERTA JOHNNENE
Signed 10/03/2024
(401) 765-1500
How to read this page

Summary metrics

Total assets (EOY)
$5400M
-1.5% from 2016
Total participants
50,903
+2.3% from 2016
Average account balance
$0
No prior year
Annual return
7.39%
-7.92 pp from 2016

Benchmarks

See 177 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort177 peers
Snapshot2023
Participant deferral / active EE
$0
median $40
Employer contribution / active EE
$0
median $5,730
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
7.39%
median 9.38%
Overall peer rank
39th 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 27 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC7 years
Service code 14 · EIN 82-1061233
Plan Administrator
$2,305,736
AETNA LIFE INSURANCE COMPANY9+ years
Service code 13 · EIN 06-6033492
Contract Administrator
$2,074,113
GOLDMAN SACHS ASSET MANAGEMENT2 years
Service code 27 · EIN 13-3575636
Advisory (Plan)
$1,843,488
PACIFIC INVESTMENT MANAGEMENTCO LLC9+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,041,790
JPMORGAN CHASE BANK NA9+ years
Service code 19 · EIN 13-4994650
Securities Custodian
$665,297
MFS INSTITUTIONAL ADVISORS INC.9+ years
Service code 28 · EIN 04-3247425
Investment Management
$649,864
DODGE & COX9+ years
Service code 28 · EIN 94-1441976
Investment Management
$630,631
LEGAL & GENERAL INV MGMT AMERICA5 years
Service code 28 · EIN 20-8058531
Investment Management
$566,338
JPMORGAN INVESTMENT MANAGEMENT INC9+ years
Service code 27 · EIN 13-3200244
Advisory (Plan)
$520,487
DE SHAW INVESTMENT MANAGEMENT LLC2 years
Service code 28 · EIN 20-2455619
Investment Management
$472,966

Enrolled actuary

1 attachment
SB

ERIC A. KEENER

AON CONSULTING, INC.
Enrollment #2306663
800 CONNECTICUT AVE
NORWALK, CT 068511056
(203) 852-1100
Signed 2024-09-18

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
SVB FINANCIAL GROUP—
3003 TASMAN DRIVE
SANTA CLARA, CA 95054
—

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
$21.0M
$2171 / participant
  • Recordkeeping$133K0.6%
  • Trustee / custodial$615K2.9%
  • Investment mgmt$11M51.1%
  • Legal$25K0.1%
  • Actuarial$202K1.0%
  • Contract admin$4M19.9%
  • Other / not subdivided$5M24.3%
% of EOY assets
0.389%
all-in expense ratio
Categories reported
6 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
$111,925
Opinion code
Unqualified