Retirement plan

AMERICAN INTERNATIONAL GROUP INC RETIREMENT PLAN

Name: AMERICAN INTERNATIONAL GROUP, INC. - AMERICAN INTERNATIONAL GROUP INC RETIREMENT PLAN (2021) Form 5500
Creator: AMERICAN INTERNATIONAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN INTERNATIONAL GROUP INC RETIREMENT PLAN, AMERICAN INTERNATIONAL GROUP, INC.

AMERICAN INTERNATIONAL GROUP, INC.EIN 13-2592361Plan #002PY 2021

30 HUDSON STREET, FL 17 - JERSEY CITY, NJ 073024805212-770-7000

Other plans on this EIN

1 filing

#003Retirement-$7.55B assets

Prospect flagsHigh retiree %Low returnsLow participationLow employer contributionWind-down / frozen

How to read this page

Total assets (EOY)

$4852.8M

+4.8% from 2016

Total participants

45,572

+18.5% from 2016

Average account balance

No prior year

Annual return

3.60%

-5.44 pp from 2016

Benchmarks

See 183 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort183 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.12B

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

37,252

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 16 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH5 years Filed as: CAMBRIDGE ASSOCIATES LLC Service code 27 · EIN 04-3515240	Advisory (Plan)	$4,013,266
AMERICAN REALTY ADVISORS4 years Filed as: LEGAL & GNRL INVT MGMT AMERICAN INC Service code 28 · EIN 20-8058531	Investment Management	$1,981,403
MORNEAU SHEPELL1 year Filed as: LIFEWORKS (US) LTD Service code 15 LBX# 1633 PO BOX 95000 · PHILADELPHIA, PA 191950001	Recordkeeping	$1,864,177
INTL STANDARD ASSET MNGMT4 years Service code 28 · EIN 98-0676737	Investment Management	$1,644,350
LOGAN CIRCLE PARTNERS, LP4 years Service code 28 · EIN 82-2405817	Investment Management	$1,172,880
STATE STREET GLOBAL ADVISORS7+ years Filed as: STATE STREET BANK & TRUST Service code 19 · EIN 04-1867445	Securities Custodian	$1,049,854
INCOME RESEARCH & MANAGEMENT4 years Filed as: INCOME RESEARCH + MANAGEMENT Service code 28 · EIN 04-2955404	Investment Management	$401,344
LOOMIS SAYLES2 years Filed as: LOOMIS,SAYLES & COMPANY, L.P. Service code 51 · EIN 20-8080381	Investment Mgmt Fees	$370,736
HILDENE OPP OFFSHORE FUND LTD.3 years Service code 28 · EIN 26-1550255	Investment Management	$361,852
ARROWSTREET CAPITAL7+ years Filed as: ARROWSTREET CAPITAL, LP Service code 51 · EIN 04-3472863	Investment Mgmt Fees	$278,781

Enrolled actuary

1 attachment

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Reportable transactions (Schedule G)

4 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes1A1C3H1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$11.6M

$1309 / participant

Investment mgmt$54K0.5%
Other / not subdivided$12M99.5%

% of EOY assets

0.238%

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: PRICEWATERHOUSECOOPERS
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$454,052-100.0%

Participation rate

0.0%

0.0%0pp

18.4%-18.4pp

0.0%0pp

Annual return

3.60%

19.39%-15.8pp

8.95%-5.3pp

19.39%-15.8pp

Employer contribution / active EE

$8,446-100.0%

$46,559-100.0%

$8,446-100.0%

Participant deferral / active EE

$353-100.0%

$131-100.0%

$353-100.0%

Admin fee / account holder

$19,831-100.0%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH5 years

Filed as: CAMBRIDGE ASSOCIATES LLC

Service code 27 · EIN 04-3515240

Advisory (Plan)

$4,013,266

AMERICAN REALTY ADVISORS4 years

Filed as: LEGAL & GNRL INVT MGMT AMERICAN INC

Service code 28 · EIN 20-8058531

Investment Management

$1,981,403

MORNEAU SHEPELL1 year

Filed as: LIFEWORKS (US) LTD

Service code 15

LBX# 1633 PO BOX 95000 · PHILADELPHIA, PA 191950001

Recordkeeping

$1,864,177

INTL STANDARD ASSET MNGMT4 years

Service code 28 · EIN 98-0676737

Investment Management

$1,644,350

LOGAN CIRCLE PARTNERS, LP4 years

Service code 28 · EIN 82-2405817

Investment Management

$1,172,880

STATE STREET GLOBAL ADVISORS7+ years

Filed as: STATE STREET BANK & TRUST

Service code 19 · EIN 04-1867445

Securities Custodian

$1,049,854

INCOME RESEARCH & MANAGEMENT4 years

Filed as: INCOME RESEARCH + MANAGEMENT

Service code 28 · EIN 04-2955404

Investment Management

$401,344

LOOMIS SAYLES2 years

Filed as: LOOMIS,SAYLES & COMPANY, L.P.

Service code 51 · EIN 20-8080381

Investment Mgmt Fees

$370,736

HILDENE OPP OFFSHORE FUND LTD.3 years

Service code 28 · EIN 26-1550255

Investment Management

$361,852

ARROWSTREET CAPITAL7+ years

Filed as: ARROWSTREET CAPITAL, LP

Service code 51 · EIN 04-3472863

Investment Mgmt Fees

$278,781

AMERICAN INTERNATIONAL GROUP INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN INTERNATIONAL GROUP INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

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