Retirement plan

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN OF GENERAL RE CORP AND ITS DOMESTIC SUBSIDIARIES

Name: GENERAL RE CORPORATION - EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN OF GENERAL RE CORP AND ITS DOMESTIC SUBSIDIARIES (2021) Form 5500
Creator: GENERAL RE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN OF GENERAL RE CORP AND ITS DOMESTIC SUBSIDIARIES, GENERAL RE CORPORATION

GENERAL RE CORPORATIONEIN 06-1026471Plan #002PY 2021

120 LONG RIDGE ROAD - STAMFORD, CT 06902203-328-5000LinkedIn1-10 employees

Prospect flagsHigh assets / participantLow employer contribution

Top hat statement on fileNQDC

Filed December 18, 1992

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)

$1424.6M

-10.1% from 2016

Total participants

1,815

+4.3% from 2016

Average account balance

$788,843

-13.7% from 2016

Annual return

20.13%

-23.41 pp from 2016

Benchmarks

See 1,509 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,509 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.63B

Not enough data

1 years with asset history on file

Average account balance

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

$863K

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.

1,884

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+21.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-7

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS6 years Filed as: STATE STREET BANK AND TRUST COMPANY Service code 21 · EIN 04-1867445	Bank Trustee	$157,620
CROWE LLP4 years Service code 10 · EIN 35-0921680	Accounting	$28,800
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Filed as: FIDELITY INV. INST. OPE. CO., INC. Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 15 · EIN 04-2647786	Recordkeeping	$0

Plan features & details

Pension benefit codes2H2J2K2P2S2T3H

Plan features

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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$186K

$187 / participant

Contract admin$158K84.6%
Other / not subdivided$29K15.4%

% of EOY assets

0.013%

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: DELOITTE TOUCHE & LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$788,843

$111,491+607.5%

$189,534+316.2%

$86,828+808.5%

Participation rate

99.1%

87.3%+11.8pp

87.8%+11.3pp

72.3%+26.8pp

Annual return

20.13%

83.50%-63.4pp

555.39%-535.3pp

97.95%-77.8pp

Employer contribution / active EE

$150

$3,951-96.2%

$6,162-97.6%

$2,406-93.8%

Participant deferral / active EE

$18,333

$6,437+184.8%

$8,220+123.0%

$4,132+343.7%

Admin fee / account holder

$103

$189-45.3%

$12,049-99.1%

$170-39.1%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS6 years

Filed as: STATE STREET BANK AND TRUST COMPANY

Service code 21 · EIN 04-1867445

Bank Trustee

$157,620

CROWE LLP4 years

Service code 10 · EIN 35-0921680

Accounting

$28,800

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Filed as: FIDELITY INV. INST. OPE. CO., INC.

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 15 · EIN 04-2647786

Recordkeeping

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN OF GENERAL RE CORP AND ITS DOMESTIC SUBSIDIARIES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN OF GENERAL RE CORP AND ITS DOMESTIC SUBSIDIARIES

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