PlanOptica
Retirement plan

FINRA EMPLOYEES RETIREMENT PLAN

FINRAEIN 53-0088710Plan #001PY 2023
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1700 K STREET, NW - WASHINGTON, DC 20006301-590-6500finra.orgLinkedIn1001-5000 employeesfinancial services
Other plans on this EIN
1 filing
#003Retirement-$2.18B assets
Prospect flagsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(301) 590-6500
Plan administrator signer
JENNIFER KEATING
Signed 09/27/2024
Plan administrator entity
FINRA PENSION/401(K) PLAN COMMITTEE
EIN 521087606
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Summary metrics

Total assets (EOY)
$530M
-11.8% from 2016
Total participants
2,327
+2.3% from 2016
Average account balance
$0
No prior year
Annual return
14.50%
-7.74 pp from 2016

Benchmarks

See 831 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort831 peers
Snapshot2023
Participant deferral / active EE
$0
median $102
Employer contribution / active EE
$0
median $8,821
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
14.50%
median 9.05%
Overall peer rank
90th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$534.96M
Average account balance
Total assets / participants with a balance (line 6g)
$237K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,189
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
$20.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$19K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.83%
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 7 by compensation
ProviderService typeCompensation
AON CONSULTING INC.1 year
Service code 11 · EIN 22-2232264
Actuarial
$523,543
PACIFIC INVESTMENT MANAGEMENT1 year
Service code 28 · EIN 33-0629048
Investment Management
$265,768
WELLINGTON TRUST COMPANY, NA9+ years
Service code 28 · EIN 04-2755549
Investment Management
$204,689
AON INVESTMENTS USA, INC.1 year
Service code 27 · EIN 36-3109431
Advisory (Plan)
$184,305
BLACKROCK INSTITUTIONAL TRUST CO.9+ years
Service code 21 · EIN 94-3112180
Bank Trustee
$105,893
VAUGHAN NELSON INVESTMENT MGMT LP9+ years
Service code 28 · EIN 04-3304963
Investment Management
$81,640
THE BANK OF NEW YORK MELLON9+ years
Service code 19 · EIN 13-5160382
Securities Custodian
$77,452

Enrolled actuary

1 attachment
SB

MARGARET C. SONDUCK

AON CONSULTING, INC.
Enrollment #2307439
2001 K STREET NW, SUITE 625 NORTH
WASHINGTON, DC 20006
(202) 429-8554
Signed 2024-08-20

Top hat statement on fileNQDC

Filed August 6, 2024 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
9509 Key West Ave
Rockville, MD 20850
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (2)

  • FINRA 457(b) DEFERRED COMPENSATION PLAN163 emp
  • FINRA SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN2 emp

Total covered: 165 employees

Open the filing PDF

Plan features & details

Pension benefit codes1A
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).

Opportunity flags

1 tripped
  • 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
$1.7M
$1365 / participant
  • Trustee / custodial$77K4.6%
  • Investment mgmt$842K50.4%
  • Actuarial$524K31.3%
  • Other / not subdivided$228K13.6%
% of EOY assets
0.315%
all-in expense ratio
Categories reported
3 / 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
(not subdivided)
Opinion code
Unqualified