Retirement plan

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Name: AMERICAN EXPRESS COMPANY AND ITS PARTICIPATING SUBSIDIARIES - AMERICAN EXPRESS RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: AMERICAN EXPRESS COMPANY AND ITS PARTICIPATING SUBSIDIARIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN EXPRESS RETIREMENT SAVINGS PLAN, AMERICAN EXPRESS COMPANY AND ITS PARTICIPATING SUBSIDIARIES

AMERICAN EXPRESS COMPANY AND ITS PARTICIPATING SUBSIDIARIESEIN 13-4922250Plan #002PY 2017

200 VESEY STREET 01-35-08 - NEW YORK, NY 10285212-640-2000

Other plans on this EIN

1 filing

#005Retirement-$1.13B assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed November 15, 2013 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$5448.5M

+17.9% from 2016

Total participants

33,012

-2.1% from 2016

Average account balance

$168,061

+14.9% from 2016

Annual return

18.85%

+12.60 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

$9.07B

Not enough data

1 years with asset history on file

Average account balance

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

$238K

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.

38,135

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$572.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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 10 of 22 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$2,767,226
SANDS CAPITAL MANAGEMENT, LLC3+ years Filed as: SANDS CAPITAL MANAGEMENT Service code 28 · EIN 54-1578408	Investment Management	$1,919,674
TIMES SQUARE CAPITAL MANAGEMENT3+ years Service code 28 · EIN 20-1665304	Investment Management	$1,120,722
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INVESTMENT MGT Service code 28 · EIN 13-3040307	Investment Management	$1,031,680
BRANDYWINE GLOBAL INVESTMENT MGMT1 year Filed as: BRANDYWINE GLOBAL INV MGT LLC Service code 28 · EIN 51-0294065	Investment Management	$830,295
WELLINGTON TRUST COMPANY1 year Filed as: WELLINGTON MGT COMPANY, LLP Service code 28 · EIN 04-2683227	Investment Management	$758,347
WESTWOOD TRUST3+ years Filed as: WESTWOOD MANAGEMENT CORP. Service code 28 · EIN 13-3160186	Investment Management	$756,226
WELLS FARGO BANK, N.A.2 years Filed as: WELLS CAPITAL MANAGEMENT Service code 28 · EIN 95-3692822	Investment Management	$751,312
BRIDGEWAY CAPITAL MANAGEMENT, INC.1 year Service code 28 · EIN 76-0409332	Investment Management	$694,717
JP MORGAN INVESTMENT MANAGEMENT INC2 years Service code 28 · EIN 13-3200244	Investment Management	$663,791

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2R2S2T3F3H3J

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.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$13.3M

$661 / participant

Investment mgmt$11M81.8%
Contract admin$2M18.0%
Other / not subdivided$35K0.3%

% of EOY assets

0.244%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,061

$112,134+49.9%

$149,721+12.2%

$80,976+107.5%

Participation rate

97.1%

87.3%+9.8pp

87.1%+10.0pp

68.3%+28.8pp

Annual return

18.85%

17.23%+1.6pp

1501.67%-1482.8pp

22.91%-4.1pp

Employer contribution / active EE

$12,014

$3,991+201.0%

$5,444+120.7%

$2,402+400.1%

Participant deferral / active EE

$8,187

$6,036+35.6%

$6,568+24.6%

$3,848+112.8%

Admin fee / account holder

$410

$109+275.6%

$11,282-96.4%

$67+508.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$2,767,226

SANDS CAPITAL MANAGEMENT, LLC3+ years

Filed as: SANDS CAPITAL MANAGEMENT

Service code 28 · EIN 54-1578408

Investment Management

$1,919,674

TIMES SQUARE CAPITAL MANAGEMENT3+ years

Service code 28 · EIN 20-1665304

Investment Management

$1,120,722

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INVESTMENT MGT

Service code 28 · EIN 13-3040307

Investment Management

$1,031,680

BRANDYWINE GLOBAL INVESTMENT MGMT1 year

Filed as: BRANDYWINE GLOBAL INV MGT LLC

Service code 28 · EIN 51-0294065

Investment Management

$830,295

WELLINGTON TRUST COMPANY1 year

Filed as: WELLINGTON MGT COMPANY, LLP

Service code 28 · EIN 04-2683227

Investment Management

$758,347

WESTWOOD TRUST3+ years

Filed as: WESTWOOD MANAGEMENT CORP.

Service code 28 · EIN 13-3160186

Investment Management

$756,226

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS CAPITAL MANAGEMENT

Service code 28 · EIN 95-3692822

Investment Management

$751,312

BRIDGEWAY CAPITAL MANAGEMENT, INC.1 year

Service code 28 · EIN 76-0409332

Investment Management

$694,717

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Service code 28 · EIN 13-3200244

Investment Management

$663,791

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN EXPRESS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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