Retirement plan

STATE STREET SALARY SAVINGS PROGRAM

Name: STATE STREET CORPORATION - STATE STREET SALARY SAVINGS PROGRAM (2024) Form 5500
Creator: STATE STREET CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATE STREET SALARY SAVINGS PROGRAM, STATE STREET CORPORATION

STATE STREET CORPORATIONEIN 04-2456637Plan #002PY 2024

GHR BENEFITS, ONE CONGRESS STREET - BOSTON, MA 02114617-664-8005statestreet.comLinkedIn10001+ employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$866.1M assets

Prospect flagsHigh assets / participantFailed to provide benefit

Top hat statement on fileNQDC

Filed March 31, 2008 (most recent of 3 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.

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Total assets (EOY)

$6532.3M

+14.0% from 2023

Total participants

21,533

-2.0% from 2023

Average account balance

$307,171

+14.4% from 2023

Annual return

16.93%

-3.50 pp from 2023

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$6.53B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$307K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

21,266

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$261.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.93%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$127

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 8 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS10+ years Service code 25 · EIN 81-4017137	Directed Trustee	$1,422,487
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$756,613
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$369,053
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON INVESTMENT SERVICES, Service code 16 · EIN 52-1868818	Consulting	$174,174
ERNST & YOUNG LLP4 years Filed as: ERNST & YOUNG US LLP Service code 10 · EIN 34-6565596	Accounting	$67,500
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 28 · EIN 27-2037969	Investment Management	$37,500
ROPES & GRAY LLP3 years Filed as: ROPES AND GRAY LLP Service code 29 · EIN 04-2233412	Legal	$11,093
WILLIS TOWERS WATSON US LLC4 years Service code 16 · EIN 53-0181291	Consulting	$8,845

Plan features & details

Pension benefit codes2K2T3F2G2J2R

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.7M

$225 / participant

Recordkeeping$3M100.0%

% of EOY assets

0.041%

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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$307,171

$106,553+188.3%

$136,072+125.7%

$106,553+188.3%

Participation rate

97.8%

69.8%+27.9pp

76.4%+21.3pp

69.8%+27.9pp

Annual return

16.93%

17.37%-0.4pp

580.46%-563.5pp

17.37%-0.4pp

Employer contribution / active EE

$8,239

$3,359+145.3%

$4,216+95.4%

$3,359+145.3%

Participant deferral / active EE

$13,603

$5,562+144.5%

$7,028+93.6%

$5,562+144.5%

Admin fee / account holder

$127

$80+59.1%

$6,718-98.1%

$80+59.1%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS10+ years

Service code 25 · EIN 81-4017137

Directed Trustee

$1,422,487

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$756,613

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$369,053

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON INVESTMENT SERVICES,

Service code 16 · EIN 52-1868818

Consulting

$174,174

ERNST & YOUNG LLP4 years

Filed as: ERNST & YOUNG US LLP

Service code 10 · EIN 34-6565596

Accounting

$67,500

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 28 · EIN 27-2037969

Investment Management

$37,500

ROPES & GRAY LLP3 years

Filed as: ROPES AND GRAY LLP

Service code 29 · EIN 04-2233412

Legal

$11,093

WILLIS TOWERS WATSON US LLC4 years

Service code 16 · EIN 53-0181291

Consulting

$8,845

STATE STREET SALARY SAVINGS PROGRAM

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATE STREET SALARY SAVINGS PROGRAM

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion