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 (2022) 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 2022

277 PARK AVENUE, LEVEL 31 - NEW YORK, NY 10172212-801-9824LinkedIn1-10 employeesbanking

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$53M

-21.4% from 2021

Total participants

220

+3.8% from 2021

Average account balance

$246,619

-24.7% from 2021

Annual return

-18.63%

-31.30 pp from 2021

Benchmarks

See 2,166 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,166 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$82.11M

Not enough data

1 years with asset history on file

Average account balance

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

$359K

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.

229

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.39M

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

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$664

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
PORTFOLIO EVALUATIONS, INC.6 years Filed as: PORTFOLIO EVALUATIONS INC Service code 16 15 INDEPENDENCE BLVD · WARREN, NJ 07059	Consulting	$31,611
CAPFINANCIAL PARTNERS LLC1 year Service code 27 PO BOX 60071 · RALEIGH, NC 27675	Advisory (Plan)	$16,039
CARON & BLETZER, PLLC1 year Filed as: CARON & BLETZER PLLC Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$10,400
THE WAGNER LAW GROUP1 year Service code 29 125 HIGH STREET · BOSTON, MA 02110	Legal	$5,718

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$65K

$467 / participant

Investment mgmt$16K24.5%
Other / not subdivided$49K75.5%

% of EOY assets

0.123%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$246,619

$102,553+140.5%

$151,611+62.7%

$66,914+268.6%

Participation rate

96.4%

85.5%+10.9pp

87.5%+8.9pp

69.8%+26.6pp

Annual return

-18.63%

-10.82%-7.8pp

3.33%-22.0pp

1.58%-20.2pp

Employer contribution / active EE

$10,738

$4,180+156.9%

$6,166+74.1%

$2,544+322.0%

Participant deferral / active EE

$15,113

$6,641+127.6%

$8,363+80.7%

$4,237+256.7%

Admin fee / account holder

$304

$630-51.7%

$11,616-97.4%

$593-48.7%

Provider

Service type

Compensation

PORTFOLIO EVALUATIONS, INC.6 years

Filed as: PORTFOLIO EVALUATIONS INC

Service code 16

15 INDEPENDENCE BLVD · WARREN, NJ 07059

Consulting

$31,611

CAPFINANCIAL PARTNERS LLC1 year

Service code 27

PO BOX 60071 · RALEIGH, NC 27675

Advisory (Plan)

$16,039

CARON & BLETZER, PLLC1 year

Filed as: CARON & BLETZER PLLC

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$10,400

THE WAGNER LAW GROUP1 year

Service code 29

125 HIGH STREET · BOSTON, MA 02110

Legal

$5,718

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