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Retirement plan

ALTRIA RETIREMENT PLAN

ALTRIA CLIENT SERVICES LLCEIN 47-2929146Plan #006PY 2021
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P. O. BOX 85088 - RICHMOND, VA 232855088804-274-2200LinkedIn1-10 employees
Other plans on this EIN
2 filings
#002Retirement-$4.28B assets#009Retirement-$999.6M assets
Prospect flagsHigh retiree %Low employer contributionWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(804) 274-2200
Plan administrator signer
THOMAS HOUGHTALING
Signed 10/12/2022
Plan administrator entity
THOMAS H WATSON PLAN ADMINISTRATOR
EIN 881380953
ALCS BENEFITS, 6601 W BROAD ST · RICHMOND, VA 23230
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Summary metrics

Total assets (EOY)
$8652.7M
-3.6% from 2016
Total participants
27,064
+1.4% from 2016
Average account balance
$0
No prior year
Annual return
5.16%
-11.96 pp from 2016

Benchmarks

See 37 peers
Peer group
Industry31 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort37 peers
Snapshot2021
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $2,934
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $364,566
Admin fee / account holder
$0
median $561
Annual return
5.16%
median 6.34%
Overall peer rank
22nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.43B
Average account balance
Total assets / participants with a balance (line 6g)
$251K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
23,625
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
$443.38M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$99K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.00%
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 17 by compensation
ProviderService typeCompensation
LOOMIS SAYLES & COMPANY LP7+ years
Service code 27 · EIN 04-3200030
Advisory (Plan)
$4,188,964
PACIFIC INVESTMENT MGMT CO LLC7+ years
Service code 28 · EIN 33-0629048
Investment Management
$3,799,459
JPMORGAN CHASE BANK NA7+ years
Service code 19 · EIN 13-4994650
Securities Custodian
$1,698,366
FIDELITY INVESTMT INSTIT OP CO INC7+ years
Service code 15 · EIN 04-2647786
Recordkeeping
$1,598,102
ACADIAN ASSET MANAGEMENT LLC7+ years
Service code 28 · EIN 04-2929221
Investment Management
$1,329,561
NISA INVESTMENT ADVISORS LLC3 years
Service code 28 · EIN 48-1140940
Investment Management
$818,809
PGIM LDI2 years
Service code 28 · EIN 22-2540245
Investment Management
$803,660
STATE STREET GLOBAL ADVISOR TRUST5 years
Service code 18 · EIN 81-4017137
Custodial (securities); Investment ma...
$603,490
FIDELITY FIAM LLC2 years
Service code 28 · EIN 20-1733361
Investment Management
$516,697
REAMS LDI2 years
Service code 28 · EIN 43-1925734
Investment Management
$485,680

Enrolled actuary

1 attachment
SB

CRAIG C MORGAN

WILLIS TOWERS WATSON US LLC
Enrollment #2006864
200 LIBERTY STREET FLOOR 7
NEW YORK, NY 10281
(212) 309-3400
Signed 2022-09-21

Plan features & details

Pension benefit codes1A1B3H
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).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 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
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • 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
$20.2M
$8417 / participant
  • Investment mgmt$14M69.3%
  • Contract admin$2M9.0%
  • Other / not subdivided$4M21.7%
% of EOY assets
0.233%
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
PRICEWATERHOUSECOOPERS LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Disclaimer