Retirement plan
USAA PENSION PLAN
UNITED SERVICES AUTOMOBILE ASSOCIATIONEIN 74-0959140Plan #001PY 2022
9800 FREDERICKSBURG ROAD, D SVC E - SAN ANTONIO, TX 782884002210-498-1450LinkedIn1-10 employeesinsurance
Other plans on this EIN
1 filingProspect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ASA WATERMAN
Signed 10/05/2023
Plan administrator entity
USAA BENEFITS ADMINISTRATION COMMITTEE
EIN 740959140
P.O. BOX 34178 · SAN ANTONIO, TX 782654178
Summary metrics
Total assets (EOY)
$4901.2M
-4.6% from 2016
Total participants
45,617
+1.8% from 2016
Average account balance
$0
No prior year
Annual return
-15.68%
-8.91 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $4,244
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $1,469,698
0
Admin fee / account holder
$0
median $19,323
41
Annual return
-15.68%
median -15.14%
Overall peer rank
41of 100
41st percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.57B
Average account balance
Total assets / participants with a balance (line 6g)
$93K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
18,975
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
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.85%
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 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 04-3275867 | Recordkeeping | $2,397,881 |
INSIGHT INVESTMENT2 years Service code 28 · EIN 82-0983489 | Investment Management | $1,800,951 |
Service code 28 · EIN 33-0629048 | Investment Management | $1,560,914 |
JPMORGAN CHASE BANK, N.A.4 years Service code 24 · EIN 13-4994650 | Discretionary Trustee | $1,538,751 |
Service code 27 · EIN 23-2859590 | Advisory (Plan) | $1,441,359 |
WESTERN ASSET8+ years Service code 28 · EIN 52-1200960 | Investment Management | $774,086 |
THE NORTHERN TRUST COMPANY8+ years Service code 19 · EIN 36-1561860 | Securities Custodian | $769,939 |
ERNST & YOUNG LLP8+ years Service code 10 · EIN 34-6565596 | Accounting | $60,515 |
MELLON CAPITAL MANAGEMENT4 years Service code 28 · EIN 25-1442864 | Investment Management | $42,955 |
Enrolled actuary
1 attachment
SB
KRISTY THORNTON
MERCER (US) INC.
Enrollment #2305881
4400 COMERICA BANK TOWER
1717 MAIN STREET
DALLAS, TX 75201
(850) 559-6063
Signed 2023-07-25
Reportable transactions (Schedule G)
3 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 | KAISA GROUP HOLDINGS LTD | — | — | — |
| Part 1 Loan in default | DIAMOND SPORTS GROUP LLC | — | 999 WATERSIDE DRIVE NORFOLK, VA 23501 | — |
| Part 1 Loan in default | SVP FINANCIAL GROUP | — | 3005 TASMAN DRIVE SANTA CLARA, CA 95054 | — |
Top hat statement on fileNQDC
Filed April 23, 2001 (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 codes1A1C1E3F3H
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.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
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
$14.2M
$495 / participant
- Investment mgmt$7M50.4%
- Contract admin$2M16.9%
- Other / not subdivided$5M32.8%
% of EOY assets
0.290%
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
- ERNST & YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified