Retirement plan

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Name: NAMED FIDUCIARIES OF THE PEN PLAN FOR INS ORG - THE PENSION PLAN FOR INSURANCE ORGANIZATIONS (2016) Form 5500
Creator: NAMED FIDUCIARIES OF THE PEN PLAN FOR INS ORG
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PENSION PLAN FOR INSURANCE ORGANIZATIONS, NAMED FIDUCIARIES OF THE PEN PLAN FOR INS ORG

NAMED FIDUCIARIES OF THE PEN PLAN FOR INS ORGEIN 27-0131295Plan #001PY 2016

200 PARK AVE - NEW YORK, NY 101660005212-801-9336

Prospect flagsHigh retiree %Low participationLow participant contribution

How to read this page

Total assets (EOY)

$1063.7M

-3.8% from 2016

Total participants

9,267

+2.1% from 2016

Average account balance

No prior year

Annual return

7.41%

-9.17 pp from 2016

Benchmarks

See 171 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort171 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.11B

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

6,037

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+2.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 14 by compensation

Provider	Service type	Compensation
GREENBERG TRAURIG2+ years Service code 29 · EIN 13-3613083	Legal	$2,209,674
WILLIS TOWERS WATSON US LLC2+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$1,066,940
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$931,321
WILLIAM BLAIR2+ years Filed as: WILLIAM BLAIR & CO, LLC Service code 27 · EIN 36-2214610	Advisory (Plan)	$464,341
FRONTIER CAPITAL MANAGEMENT1 year Service code 27 · EIN 04-3492668	Advisory (Plan)	$428,767
AON CONSULTING1 year Filed as: AON RISK SERVICES Service code 14 · EIN 16-1067929	Plan Administrator	$260,811
KEN GERAGHTY2+ years Service code 31 · EIN 06-5449407	Direct payment from the plan; Named f...	$162,555
RIDGE RETIREMENT CONSULTANTS LLC1 year Filed as: RIDGE RETIREMENT CONSULTANTS Service code 27 · EIN 46-5319173	Advisory (Plan)	$142,000
BDO USA, LLP2+ years Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$106,934
POINTS NORTH1 year Filed as: POINTS NORTH CONSULTING Service code 10 · EIN 41-1791823	Accounting	$74,716

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$6.4M

$2886 / participant

Investment mgmt$892K13.9%
Contract admin$1M18.4%
Other / not subdivided$4M67.7%

% of EOY assets

0.602%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$381,942,733-100.0%

$374,107-100.0%

$381,942,733-100.0%

Participation rate

0.0%

0.0%0pp

22.0%-22.0pp

0.0%0pp

Annual return

7.41%

6.13%+1.3pp

4.74%+2.7pp

9.19%-1.8pp

Employer contribution / active EE

$10,505

$10,206+2.9%

$36,089-70.9%

$12,608-16.7%

Participant deferral / active EE

$205-100.0%

$59-100.0%

$1,615-100.0%

Admin fee / account holder

$2,655,710-100.0%

$10,677-100.0%

$2,655,710-100.0%

Provider

Service type

Compensation

GREENBERG TRAURIG2+ years

Service code 29 · EIN 13-3613083

Legal

$2,209,674

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$1,066,940

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$931,321

WILLIAM BLAIR2+ years

Filed as: WILLIAM BLAIR & CO, LLC

Service code 27 · EIN 36-2214610

Advisory (Plan)

$464,341

FRONTIER CAPITAL MANAGEMENT1 year

Service code 27 · EIN 04-3492668

Advisory (Plan)

$428,767

AON CONSULTING1 year

Filed as: AON RISK SERVICES

Service code 14 · EIN 16-1067929

Plan Administrator

$260,811

KEN GERAGHTY2+ years

Service code 31 · EIN 06-5449407

Direct payment from the plan; Named f...

$162,555

RIDGE RETIREMENT CONSULTANTS LLC1 year

Filed as: RIDGE RETIREMENT CONSULTANTS

Service code 27 · EIN 46-5319173

Advisory (Plan)

$142,000

BDO USA, LLP2+ years

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$106,934

POINTS NORTH1 year

Filed as: POINTS NORTH CONSULTING

Service code 10 · EIN 41-1791823

Accounting

$74,716

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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