Retirement plan
THE CITIGROUP PENSION PLAN
CITIGROUP INC.EIN 52-1568099Plan #020PY 2023
750 WASHINGTON BLVD 8TH FLOOR - STAMFORD, CT 06901718-248-1031
Other plans on this EIN
1 filingProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JEAN ROMA
Signed 10/11/2024
Plan administrator entity
CITI PENSION CENTER
EIN 231159360
P.O. BOX 5854 · HOPKINS, MN 55343
(800) 881-3938Summary metrics
Total assets (EOY)
$10610.4M
+1.3% from 2016
Total participants
124,841
+6.1% from 2016
Average account balance
$0
No prior year
Annual return
9.21%
-6.05 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $4,724
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
45
Annual return
9.21%
median 9.60%
Overall peer rank
45of 100
45th 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 |
|---|---|---|
WILLIS TOWERS WATSON6 years Service code 11 · EIN 23-1159360 | Actuarial | $8,573,391 |
IK PARTNERS1 year Service code 28 | Investment Management | $6,335,881 |
CITIGROUP7 years Service code 16 · EIN 52-1568099 | Consulting | $5,144,182 |
Service code 28 C/O WATERWHEEL CAPITAL MNGMNT,L.P. · NEW YORK, NY 10022 | Investment Management | $4,687,930 |
BLACKSTONE9+ years Service code 28 · EIN 01-0899018 | Investment Management | $3,516,532 |
Service code 21 · EIN 94-3112180 | Bank Trustee | $3,191,674 |
KKR & CO. L.P6 years Service code 28 9 WEST 57TH STREET · NEW YORK, NY 10019 | Investment Management | $2,515,639 |
WOODLINE PARTNERS LP4 years Service code 52 · EIN 83-1749088 | Indirect Investment Fees | $2,132,733 |
Service code 28 | Investment Management | $2,078,527 |
Service code 28 · EIN 20-8726027 | Investment Management | $1,940,062 |
Enrolled actuary
1 attachment
SB
JAY MITCHELL
WILLIS TOWERS WATSON US LLC
Enrollment #2305718
200 LIBERTY STREET
FLOOR 6
NEW YORK, NY 10281
(212) 915-8888
Signed 2024-09-13
Reportable transactions (Schedule G)
2 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 | ESC LEHMAN BRTH HLD | — | 277 PARK AVENUE 46TH FLOOR NEW YORK, NY 10172 | — |
| Part 1 Loan in default | LEHMAN BRTH HLD (RICI) ESCROW | — | 277 PARK AVENUE 46TH FLOOR NEW YORK, NY 10172 | — |
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
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
$76.2M
$4794 / participant
- Investment mgmt$46M59.7%
- Contract admin$13M16.7%
- Other / not subdivided$18M23.6%
% of EOY assets
0.719%
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