Retirement plan
USAA RETIREMENT SAVINGS PLAN
UNITED SERVICES AUTOMOBILE ASSOCIATIONEIN 74-0959140Plan #002PY 2020
9800 FREDERICKSBURG ROAD, D SVC E - SAN ANTONIO, TX 782884002210-498-1450LinkedIn1-10 employeesinsurance
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ASA WATERMAN
Signed 10/11/2021
Plan administrator entity
USAA BENEFITS ADMINISTRATION COMMITTEE
EIN 740959140
P.O. BOX 34178 · SAN ANTONIO, TX 786254178
Summary metrics
Total assets (EOY)
$9491.7M
-10.6% from 2016
Total participants
47,133
-6.2% from 2016
Average account balance
$202,563
-4.7% from 2016
Annual return
14.36%
-6.86 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort76 peers
Snapshot2020
63
Participant deferral / active EE
$8,780
median $6,844
95
Employer contribution / active EE
$12,706
median $4,263
85
Participation rate
99.2%
median 96.2%
81
Avg account balance
$202,563
median $139,426
17
Admin fee / account holder
$128
median $55
40
Annual return
14.36%
median 15.01%
Overall peer rank
64of 100
64th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$10.92B
Average account balance
Total assets / participants with a balance (line 6g)
$205K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
53,289
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.3%
Contributions (total)
Employer and participant dollars contributed each year
$675.85M
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
+15.22%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$9
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 by compensation
| Provider | Service type | Compensation |
|---|---|---|
GOLDMAN SACHS ASSET MANAGEMENT6+ years Service code 13 · EIN 13-3575636 | Contract Administrator | $899,202 |
Service code 28 · EIN 23-2859590 | Investment Management | $831,674 |
CONDUENT3 years Service code 15 · EIN 04-3609848 | Recordkeeping | $823,545 |
Service code 19 · EIN 23-6994310 | Securities Custodian | $668,740 |
Service code 21 · EIN 94-3112180 | Bank Trustee | $546,362 |
PRUDENTIAL INSURANCE COMPANY3 years Service code 19 · EIN 22-1211670 | Securities Custodian | $455,014 |
TRANSAMERICA2 years Service code 50 · EIN 52-0419797 | Direct Payment | $411,026 |
VOYA3 years Service code 23 · EIN 71-0294708 | Insurance services; Other insurance w... | $365,748 |
THE NORTHERN TRUST COMPANY6+ years Service code 19 · EIN 36-3608252 | Securities Custodian | $254,198 |
STATE STREET GLOBAL ADVISORS6+ years Service code 18 · EIN 81-4017137 | Direct payment from the plan; Custodi... | $58,687 |
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 codes2E2F2G2J2K2S2T3F3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$6.0M
$167 / participant
- Investment mgmt$3M47.0%
- Other / not subdivided$3M53.0%
% of EOY assets
0.063%
all-in expense ratio
Categories reported
1 / 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