Retirement plan

AMERICAN INTERNATIONAL GROUP, INC. INCENTIVE SAVINGS PLAN

Name: AMERICAN INTERNATIONAL GROUP, INC. - AMERICAN INTERNATIONAL GROUP, INC. INCENTIVE SAVINGS PLAN (2017) 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, INC.EIN 13-2592361Plan #003PY 2017

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

Other plans on this EIN

1 filing

#002Retirement-$4.35B assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5430.4M

-8.8% from 2016

Total participants

43,264

-15.6% from 2016

Average account balance

$126,244

+12.0% from 2016

Annual return

16.95%

-8.99 pp from 2016

Benchmarks

See 80 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort80 peers

Snapshot2017

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 6 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES3+ years Service code 26 1804 EMBARCADERO ROAD · PALO ALTO, CA 94303	Advisory (Participants)	$1,835,368
MERCER3+ years Filed as: MERCER HR SERVICES, LLC Service code 15 INVESTORS WAY · NORWOOD, MA 020621584	Recordkeeping	$678,127
AON CONSULTING2 years Filed as: AON HEWITT INVESTMENT Service code 27 · EIN 36-3051915	Advisory (Plan)	$82,500
WILLIS TOWERS WATSON US LLC3+ years Filed as: WILLIS MCDONALD CO. INC. Service code 49 · EIN 13-3460717	Other Services	$71,654
GROOM LAW GROUP1 year Filed as: GROOM LAW GROUP, CHARTERED Service code 29 · EIN 52-1219029	Legal	$31,031
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 12 · EIN 13-3689044	Shareholder servicing fees; Float rev...	$30,234

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

$114 / participant

Investment mgmt$2M87.3%
Other / not subdivided$312K12.7%

% of EOY assets

0.045%

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

$126,244

$112,134+12.6%

$149,721-15.7%

$80,976+55.9%

Participation rate

98.8%

87.3%+11.6pp

87.1%+11.8pp

68.3%+30.6pp

Annual return

16.95%

17.23%-0.3pp

1501.67%-1484.7pp

22.91%-6.0pp

Employer contribution / active EE

$9,679

$3,991+142.5%

$5,444+77.8%

$2,402+302.9%

Participant deferral / active EE

$8,602

$6,036+42.5%

$6,568+31.0%

$3,848+123.5%

Admin fee / account holder

$57

$109-47.8%

$11,282-99.5%

$67-15.4%

Provider

Service type

Compensation

FINANCIAL ENGINES3+ years

Service code 26

1804 EMBARCADERO ROAD · PALO ALTO, CA 94303

Advisory (Participants)

$1,835,368

MERCER3+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15

INVESTORS WAY · NORWOOD, MA 020621584

Recordkeeping

$678,127

AON CONSULTING2 years

Filed as: AON HEWITT INVESTMENT

Service code 27 · EIN 36-3051915

Advisory (Plan)

$82,500

WILLIS TOWERS WATSON US LLC3+ years

Filed as: WILLIS MCDONALD CO. INC.

Service code 49 · EIN 13-3460717

Other Services

$71,654

GROOM LAW GROUP1 year

Filed as: GROOM LAW GROUP, CHARTERED

Service code 29 · EIN 52-1219029

Legal

$31,031

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 12 · EIN 13-3689044

Shareholder servicing fees; Float rev...

$30,234

AMERICAN INTERNATIONAL GROUP, INC. INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN INTERNATIONAL GROUP, INC. INCENTIVE SAVINGS 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