PlanOptica
Retirement plan

CIGNA 401(K) PLAN

CIGNA CORPORATIONEIN 82-4991898Plan #002PY 2022
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1601 CHESTNUT STREET TL05T - PHILADELPHIA, PA 19192215-761-2729
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(215) 761-2729
Plan administrator signer
JILL VASLOW
Signed 10/09/2023
Plan administrator entity
JILL VASLOW
EIN 822803916
1601 CHESTNUT STREET, TL05T · PHILADELPHIA, PA 19192
(215) 761-2320
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Summary metrics

Total assets (EOY)
$11460.9M
-11.9% from 2023
Total participants
93,211
+5.1% from 2023
Average account balance
$125,350
-14.5% from 2023
Annual return
-10.95%
-25.36 pp from 2023

Benchmarks

See 84 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort84 peers
Snapshot2022
Participant deferral / active EE
$7,364
median $7,456
Employer contribution / active EE
$4,041
median $4,158
Participation rate
97.3%
median 96.5%
Avg account balance
$125,350
median $111,622
Admin fee / account holder
$30
median $58
Annual return
-10.95%
median -15.11%
Overall peer rank
61st percentileavg across 6 metrics

Analytics

2022 - 2024
Total assets (EOY)
Plan-year ending balance
$14.20B
Average account balance
Total assets / participants with a balance (line 6g)
$161K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
88,184
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.2%
Contributions (total)
Employer and participant dollars contributed each year
$854.80M
Contributions per participant
Average employer and participant contribution per enrolled participant
$13K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.40%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$25
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
PRUDENTIAL RETIREMENT INSURANCE AND1+ years
Service code 13 · EIN 06-1050034
Contract Administrator
$2,917,335
PRUDENTIAL BANK AND TRUST1+ years
Service code 28 · EIN 58-1861313
Investment Management
$2,678,831
PRUDENTIAL INSURANCE CO1+ years
Service code 28 · EIN 22-1211670
Investment Management
$2,004,708

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3J2O
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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 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.
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.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

1 tripped
  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$2.7M
$40 / participant
  • Other / not subdivided$3M100.0%
% of EOY assets
0.024%
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
PRICEWATERHOUSECOOPERS, LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Unqualified