Retirement plan

AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN

Name: AUSTRALIA & NEW ZEALAND BANKING GROUP LIMITED (ANZ) - AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: AUSTRALIA & NEW ZEALAND BANKING GROUP LIMITED (ANZ)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN, AUSTRALIA & NEW ZEALAND BANKING GROUP LIMITED (ANZ)

AUSTRALIA & NEW ZEALAND BANKING GROUP LIMITED (ANZ)EIN 13-2623463Plan #007PY 2024

277 PARK AVENUE, LEVEL 31 - NEW YORK, NY 10172646-787-6048LinkedIn1-10 employeesbanking

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$71M

+6.9% from 2023

Total participants

232

-2.1% from 2023

Average account balance

$311,394

+9.2% from 2023

Annual return

15.40%

-4.34 pp from 2023

Benchmarks

See 2,173 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,173 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.00M

Not enough data

1 years with asset history on file

Average account balance

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

$311K

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.

228

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$717

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 4 by compensation

Provider	Service type	Compensation
GROOM LAW GROUP1 year Filed as: GROOM LAW GROUP, CHARTERED Service code 29 PO BOX 2598 · RINCON, GA 31326	Legal	$81,847
CAPFINANCIAL PARTNERS LLC3 years Service code 27 PO BOX 60071 · RALEIGH, NC 27675	Advisory (Plan)	$50,000
T ROWE PRICE RPS INC10+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$18,230
CARON & BLETZER, PLLC3 years Filed as: CARON & BLETZER PLLC Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$12,200

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F3H

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$164K

$1090 / participant

Recordkeeping$18K11.1%
Investment mgmt$50K30.6%
Legal$82K50.0%
Other / not subdivided$14K8.3%

% of EOY assets

0.230%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: $13,513
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$311,394

$122,063+155.1%

$184,256+69.0%

$74,478+318.1%

Participation rate

97.3%

85.5%+11.9pp

86.8%+10.5pp

67.2%+30.1pp

Annual return

15.40%

19.92%-4.5pp

28.85%-13.4pp

1370.56%-1355.2pp

Employer contribution / active EE

$10,683

$4,539+135.4%

$6,427+66.2%

$2,626+306.8%

Participant deferral / active EE

$16,745

$7,144+134.4%

$9,133+83.3%

$4,350+284.9%

Admin fee / account holder

$717

$1,253-42.7%

$13,899-94.8%

$1,946-63.1%

Provider

Service type

Compensation

GROOM LAW GROUP1 year

Filed as: GROOM LAW GROUP, CHARTERED

Service code 29

PO BOX 2598 · RINCON, GA 31326

Legal

$81,847

CAPFINANCIAL PARTNERS LLC3 years

Service code 27

PO BOX 60071 · RALEIGH, NC 27675

Advisory (Plan)

$50,000

T ROWE PRICE RPS INC10+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$18,230

CARON & BLETZER, PLLC3 years

Filed as: CARON & BLETZER PLLC

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$12,200

AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT 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