PlanOptica
Retirement plan

CNA 401K PLAN

CONTINENTAL CASUALTY COMPANYEIN 36-2114545Plan #005PY 2021
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151 N FRANKLIN ST, 18TH FLOOR - CHICAGO, IL 60606312-822-5000LinkedIn1-10 employeesinsurance
Other plans on this EIN
1 filing
#001Retirement-$2.45B assets
Prospect flagsLow returnsHigh feesHigh assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(312) 822-5000
Plan administrator signer
VICTORIA GIURATO
Signed 09/08/2022
How to read this page

Summary metrics

Total assets (EOY)
$2486.1M
-4.1% from 2016
Total participants
8,580
+2.5% from 2016
Average account balance
$289,862
-6.3% from 2016
Annual return
11.95%
-7.47 pp from 2016

Benchmarks

See 145 peers
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants1,000-4,999
Cohort145 peers
Snapshot2021
Participant deferral / active EE
$14,434
median $5,207
Employer contribution / active EE
$11,696
median $2,495
Participation rate
99.9%
median 93.8%
Avg account balance
$289,862
median $91,317
Admin fee / account holder
$394
median $94
Annual return
11.95%
median 15.07%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.51B
Average account balance
Total assets / participants with a balance (line 6g)
$270K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,282
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.7%
Contributions (total)
Employer and participant dollars contributed each year
$137.50M
Contributions per participant
Average employer and participant contribution per enrolled participant
$25K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.55%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$325
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 4 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS, LLC5 years
Service code 15 · EIN 82-1061233
Recordkeeping
$1,729,304
NORTHERN TRUST COMPANY7+ years
Service code 21 · EIN 36-1561860
Bank Trustee
$755,866
ATLANTA CAPITAL MANAGEMENT CO,LLC6 years
Service code 27 · EIN 58-2236910
Advisory (Plan)
$570,580
INVESCO7+ years
Service code 28 · EIN 58-1707262
Investment Management
$323,968

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

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$3.4M
$725 / participant
  • Investment mgmt$2M51.2%
  • Other / not subdivided$2M48.8%
% of EOY assets
0.136%
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
DELOITTE & TOUCHE LLP
Auditor EIN
133891517
Audit fees
(not subdivided)
Opinion code
Unqualified