Retirement plan

AFFILIATED MANAGERS GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: AFFILIATED MANAGERS GROUP, INC. - AFFILIATED MANAGERS GROUP, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: AFFILIATED MANAGERS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFFILIATED MANAGERS GROUP, INC. 401(K) PROFIT SHARING PLAN, AFFILIATED MANAGERS GROUP, INC.

AFFILIATED MANAGERS GROUP, INC.EIN 04-3218510Plan #001PY 2020

600 HALE STREET - PRIDES CROSSING, MA 01965617-747-3300

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$199M

+10.5% from 2019

Total participants

711

-6.1% from 2019

Average account balance

$290,949

+17.3% from 2019

Annual return

13.17%

-8.86 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$117.67M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

365

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC6+ years Filed as: ASCENSUS Service code 37 · EIN 11-3665754	Loan Processing	$38,339
NEPC, LLC5 years Filed as: NEPC LLC Service code 16 · EIN 26-1429809	Consulting	$20,000

Plan features & details

Pension benefit codes2E2F2H2J2K2T3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$58K

$122 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.029%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$290,949

$111,608+160.7%

$177,840+63.6%

$73,412+296.3%

Participation rate

94.4%

87.9%+6.5pp

87.7%+6.6pp

72.2%+22.2pp

Annual return

13.17%

18.23%-5.1pp

48.32%-35.2pp

59.30%-46.1pp

Employer contribution / active EE

$10,263

$3,796+170.4%

$5,919+73.4%

$2,234+359.5%

Participant deferral / active EE

$13,350

$6,199+115.4%

$7,714+73.1%

$3,806+250.8%

Admin fee / account holder

$85

$166-48.5%

$12,431-99.3%

$158-46.0%

Provider

Service type

Compensation

ASCENSUS LLC6+ years

Filed as: ASCENSUS

Service code 37 · EIN 11-3665754

Loan Processing

$38,339

NEPC, LLC5 years

Filed as: NEPC LLC

Service code 16 · EIN 26-1429809

Consulting

$20,000

AFFILIATED MANAGERS GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFFILIATED MANAGERS GROUP, INC. 401(K) PROFIT SHARING PLAN

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