Retirement plan

AMERICAN INTERNATIONAL GROUP INC INCENTIVE SAVINGS PLAN

Name: AMERICAN INTERNATIONAL GROUP INC - AMERICAN INTERNATIONAL GROUP INC INCENTIVE SAVINGS PLAN (2016) Form 5500
Creator: AMERICAN INTERNATIONAL GROUP INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN INTERNATIONAL GROUP INC INCENTIVE SAVINGS PLAN, AMERICAN INTERNATIONAL GROUP INC

AMERICAN INTERNATIONAL GROUP INCEIN 13-2592361Plan #003PY 2016

175 WATER STREET, 21ST FLOOR - NEW YORK, NY 10038212-770-7000

Other plans on this EIN

2 filings

#002Retirement-$4.17B assets #006Retirement--

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$4716.5M

-8.8% from 2016

Total participants

51,920

-15.6% from 2016

Average account balance

$91,214

+12.0% from 2016

Annual return

10.05%

-8.99 pp from 2016

Benchmarks

See 76 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort76 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.48B

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

19,879

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+15.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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
FINANCIAL ENGINES2+ years Service code 26 1804 EMBARCADERO ROAD · PALO ALTO, CA 94303	Advisory (Participants)	$1,256,141
MERCER2+ years Filed as: MERCER HR SERVICES, LLC Service code 15 INVESTORS WAY · NORWOOD, MA 020621584	Recordkeeping	$948,372
WILLIS TOWERS WATSON US LLC2+ years Filed as: WILLIS MCDONALD CO. INC. Service code 50 44 WEST 62ND STREET · NEW YORK, NY 10023	Direct Payment	$185,955
PRICEWATERHOUSECOOPERS LLP1 year Filed as: PRICEWATERHOUSECOOPERS, LLP Service code 10 P.O. BOX 7247-8001 · PHILADEPHIA, PA 19170	Accounting	$169,161
AON CONSULTING1 year Filed as: AON HEWITT INVESTMENT Service code 50 200 E. RANDOLPH STREET · CHICAGO, IL 60601	Direct Payment	$114,333
ALSTON & BIRD LLP2+ years Service code 50 · EIN 58-0137615	Direct Payment	$23,787
DATA RESEARCH GROUP1 year Filed as: DATA POINT ANALYSIS GROUP LLC Service code 16 3301 KERNER BLVD · SAN RAFAEL, CA 94901	Consulting	$15,750
IVINS, PHILLIPS & BARKER1 year Filed as: IVINS PHILLIPS & BARKER Service code 50 1700 PENNSYLVANIA AVE NW · WASHINGTON, DC 20006	Direct Payment	$7,830

Reportable transactions (Schedule G)

1 row

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

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

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

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

Expense breakdown

Schedule H Part II

Admin total

$2.5M

$104 / participant

Investment mgmt$350K14.0%
Other / not subdivided$2M86.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

1 / 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

$91,214

$93,756-2.7%

$133,975-31.9%

$329,111-72.3%

Participation rate

99.1%

89.7%+9.4pp

87.1%+12.1pp

67.9%+31.3pp

Annual return

10.05%

20.33%-10.3pp

29.29%-19.2pp

16.35%-6.3pp

Employer contribution / active EE

$9,757

$3,619+169.6%

$5,211+87.2%

$2,303+323.6%

Participant deferral / active EE

$8,629

$5,685+51.8%

$6,282+37.4%

$3,682+134.4%

Admin fee / account holder

$48

$90-45.9%

$9,324-99.5%

$754-93.6%

Provider

Service type

Compensation

FINANCIAL ENGINES2+ years

Service code 26

1804 EMBARCADERO ROAD · PALO ALTO, CA 94303

Advisory (Participants)

$1,256,141

MERCER2+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15

INVESTORS WAY · NORWOOD, MA 020621584

Recordkeeping

$948,372

WILLIS TOWERS WATSON US LLC2+ years

Filed as: WILLIS MCDONALD CO. INC.

Service code 50

44 WEST 62ND STREET · NEW YORK, NY 10023

Direct Payment

$185,955

PRICEWATERHOUSECOOPERS LLP1 year

Filed as: PRICEWATERHOUSECOOPERS, LLP

Service code 10

P.O. BOX 7247-8001 · PHILADEPHIA, PA 19170

Accounting

$169,161

AON CONSULTING1 year

Filed as: AON HEWITT INVESTMENT

Service code 50

200 E. RANDOLPH STREET · CHICAGO, IL 60601

Direct Payment

$114,333

ALSTON & BIRD LLP2+ years

Service code 50 · EIN 58-0137615

Direct Payment

$23,787

DATA RESEARCH GROUP1 year

Filed as: DATA POINT ANALYSIS GROUP LLC

Service code 16

3301 KERNER BLVD · SAN RAFAEL, CA 94901

Consulting

$15,750

IVINS, PHILLIPS & BARKER1 year

Filed as: IVINS PHILLIPS & BARKER

Service code 50

1700 PENNSYLVANIA AVE NW · WASHINGTON, DC 20006

Direct Payment

$7,830

AMERICAN INTERNATIONAL GROUP INC INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN INTERNATIONAL GROUP INC INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

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