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Retirement plan

USAA RETIREMENT SAVINGS PLAN

UNITED SERVICES AUTOMOBILE ASSOCIATIONEIN 74-0959140Plan #002PY 2021
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9800 FREDERICKSBURG ROAD, D SVC E - SAN ANTONIO, TX 782884002210-498-1450LinkedIn1-10 employeesinsurance
Other plans on this EIN
1 filing
#001Retirement-$6.21B assets
Prospect flagsLow returnsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
JEFF WALLACE
Signed 09/22/2022
(210) 498-1450
Plan administrator signer
ASA WATERMAN
Signed 09/22/2022
Plan administrator entity
USAA BENEFITS ADMINISTRATION COMMITTEE
EIN 740959140
P.O. BOX 34178 · SAN ANTONIO, TX 786254178
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Summary metrics

Total assets (EOY)
$10500.7M
-10.6% from 2016
Total participants
50,033
-6.2% from 2016
Average account balance
$210,257
-4.7% from 2016
Annual return
13.71%
-6.86 pp from 2016

Benchmarks

See 82 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort82 peers
Snapshot2021
Participant deferral / active EE
$8,620
median $7,246
Employer contribution / active EE
$7,336
median $3,789
Participation rate
99.8%
median 96.2%
Avg account balance
$210,257
median $146,142
Admin fee / account holder
$8
median $64
Annual return
13.71%
median 15.69%
Overall peer rank
70th 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 2 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year
Service code 14 · EIN 04-2647786
Plan Administrator
$384,419
CONDUENT HR SERVICES LLC1 year
Service code 15 · EIN 04-3609848
Recordkeeping
$5,600

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.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$390K
$10 / participant
  • Other / not subdivided$390K100.0%
% of EOY assets
0.004%
all-in expense ratio
Categories reported
0 / 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