Retirement plan
CITIGROUP PENSION PLAN
CITIGROUP INC.EIN 52-1568099Plan #020PY 2015
750 WASHINGTON BLVD 9TH FLOOR - STAMFORD, CT 06901718-248-1031
Other plans on this EIN
1 filingProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
LORI SZERENCSY
Signed 10/14/2016
Plan administrator entity
WILLIS TOWERS WATSON
EIN 231159360
CENTRE SQUARE EAST, 1500 MARKET STREET · PHILADELPHIA, PA 191024790
(215) 246-6000Summary metrics
Total assets (EOY)
$13491.3M
+1.3% from 2016
Total participants
190,236
+6.1% from 2016
Average account balance
$0
No prior year
Annual return
-1.06%
-6.05 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort38 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $0
46
Employer contribution / active EE
$10,280
median $4,473
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
32
Annual return
-1.06%
median -0.83%
Overall peer rank
39of 100
39th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.99B
Average account balance
Total assets / participants with a balance (line 6g)
$83K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
105,705
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
$425.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$18K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.32%
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 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES1+ years Service code 14 · EIN 36-2235791 | Plan Administrator | $9,281,077 |
SELECT EQUITY1+ years Service code 28 380 LAFAYETTE STREET · NEW YORK, NY 10003 | Investment Management | $3,474,327 |
BANK OF NEW YORK MELLON1+ years Service code 15 · EIN 13-5160382 | Recordkeeping | $3,127,350 |
SKYBRIDGE CAPITAL PARTNERS LP1+ years Service code 17 527 MADISON AVENUE · NEW YORK, NY 10022 | Pension Consulting | $2,659,086 |
CITIGROUP INC.1+ years Service code 28 388 GREENWICH STREET · NEW YORK, NY 10013 | Investment Management | $2,462,541 |
HENDERSON GLOB EAFE1+ years Service code 28 · EIN 06-1217855 | Investment Management | $2,188,049 |
ZADIG EUROPE EQ1+ years Service code 28 | Investment Management | $1,946,892 |
STEPSTONE GROUP LLC1+ years Service code 17 · EIN 33-1156466 | Pension Consulting | $1,875,000 |
DALTON INVESTMENTS1+ years Service code 28 · EIN 95-4736598 | Investment Management | $1,605,819 |
Service code 21 · EIN 94-3112180 | Bank Trustee | $1,579,416 |
Enrolled actuary
1 attachment
SB
JAY MITCHELL
TOWERS WATSON DELAWARE INC.
Enrollment #1405718
335 MADISON AVENUE
NEW YORK, NY 100174605
(212) 309-3400
Signed 2016-09-16
Reportable transactions (Schedule G)
14 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | WALTER ENERGY INC. | — | 3000 RIVERCHASE GALLERIA SUITE 1700 BIRMINGHAM, AL 35244 | — |
| Part 1 Loan in default | GLITNIR BANKI HF | — | 385 E. COLORODO BLVD PASADENA, CA 91101 | — |
| Part 1 Loan in default | GLITNIR BANKI HF | — | 385 E. COLORODO BLVD PASADENA, CA 91101 | — |
| Part 1 Loan in default | KAUPTHING BANK HF | — | 1601 CLOVERFIELD BOULEVRD PASADENA, CA 91101 | — |
| Part 1 Loan in default | LBI HF | — | 385 E. COLORODO BLVD PASADENA, CA 91101 | — |
| Part 1 Loan in default | TONON LUXEMBOURG SA | — | — | — |
| Part 1 Loan in default | VIRGOLINO DE OLIVEIRA | — | — | — |
| Part 1 Loan in default | ARGENTINE REPUBLIC GOV'T | — | — | — |
| Part 1 Loan in default | ARGENTINE REPUBLIC GOV'T | — | — | — |
| Part 1 Loan in default | ARGENTINE REPUBLIC GOV'T | — | — | — |
| Part 1 Loan in default | ARGENTINE REPUBLIC GOV'T | — | — | — |
| Part 1 Loan in default | WALTER ENERGY INC. | — | 3000 RIVERCHASE GALLERIA SUITE 1700 BIRMINGHAM, AL 35244 | — |
| Part 3 Non-exempt transaction | CITIGROUP 401(K) PLAN | BNFT PLAN SPONSORED BY EMPYLR INVOICE PAYMENT* | — | — |
| Part 3 Non-exempt transaction | CITIGROUP STAFF MEMB'S ASS WB TRUST | BNFT PLAN SPONSORED BY EMPYLR INVOICE PAYMENT** | — | — |
Top hat statement on fileNQDC
Filed July 1, 2011 (most recent of 5 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.
Plan features & details
Pension benefit codes1A1C1E3H3J
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3JU.S.-based Puerto Rico dual-qualified planU.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.
Opportunity flags
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$69.3M
$2184 / participant
- Investment mgmt$39M55.7%
- Contract admin$12M17.9%
- Other / not subdivided$18M26.4%
% of EOY assets
0.513%
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
- KPMG LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified