Retirement plan

EVEREST REINSURANCE EMPLOYEE SAVINGS PLAN

Name: EVEREST REINSURANCE COMPANY - EVEREST REINSURANCE EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: EVEREST REINSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVEREST REINSURANCE EMPLOYEE SAVINGS PLAN, EVEREST REINSURANCE COMPANY

EVEREST REINSURANCE COMPANYEIN 22-2005057Plan #001PY 2016

477 MARTINSVILLE ROAD - LIBERTY CORNER, NJ 07938908-604-4034LinkedIn1001-5000 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$182.1M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed May 17, 2021 (most recent of 6 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

Warren Corporate Center, 100 Everest Way

Warren, NJ 07059

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Plans declared (1)

Everest Reinsurance Supplemental Deferred Compensation Plan45 emp

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Total assets (EOY)

$165.1M

-6.9% from 2016

Total participants

1,249

+4.0% from 2016

Average account balance

$132,156

-10.5% from 2016

Annual return

1.35%

+1.59 pp from 2016

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$470.50M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

2,584

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-11

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 1 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 13 · EIN 22-1211670	Contract Administrator	$18,520

Plan features & details

Pension benefit codes2G2J2E2K2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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 LLC
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,156

$71,802+84.1%

$133,975-1.4%

$57,661+129.2%

Participation rate

100.0%

85.5%+14.5pp

87.1%+12.9pp

70.2%+29.8pp

Annual return

1.35%

13.51%-12.2pp

29.29%-27.9pp

5.13%-3.8pp

Employer contribution / active EE

$6,379

$3,161+101.8%

$5,211+22.4%

$1,974+223.2%

Participant deferral / active EE

$10,818

$4,606+134.9%

$6,282+72.2%

$3,061+253.5%

Admin fee / account holder

$88-100.0%

$9,324-100.0%

$95-100.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 13 · EIN 22-1211670

Contract Administrator

$18,520

EVEREST REINSURANCE EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

EVEREST REINSURANCE EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion