Retirement plan

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Name: NAMED FIDUCIARIES OF THE PEN PLAN FOR INS ORG - THE PENSION PLAN FOR INSURANCE ORGANIZATIONS (2017) 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 2017

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

Prospect flagsHigh retiree %Low participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$1165.9M

-3.8% from 2016

Total participants

9,129

+2.1% from 2016

Average account balance

No prior year

Annual return

14.01%

-9.17 pp from 2016

Benchmarks

See 171 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort171 peers

Snapshot2017

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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 13 by compensation

Provider	Service type	Compensation
GREENBERG TRAURIG3+ years Service code 29 · EIN 13-3613083	Legal	$2,004,124
WILLIS TOWERS WATSON US LLC3+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$1,160,555
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$907,783
WILLIAM BLAIR1 year Filed as: WILLIAM BLAIR & CO. LLC Service code 27 · EIN 36-2214610	Advisory (Plan)	$257,517
AON CONSULTING2 years Filed as: AON RISK SERVICES Service code 14 · EIN 16-1067929	Plan Administrator	$250,439
KEN GERAGHTY3+ years Service code 31	Named fiduciary; Direct payment from ...	$175,265
POINTS NORTH2 years Filed as: POINTS NORTH CONSULTING Service code 10 · EIN 41-1791823	Accounting	$144,951
KLINGMAN & ASSOCIATES, LLC1 year Service code 27 · EIN 06-1612508	Advisory (Plan)	$128,375
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL Service code 27 · EIN 61-1758632	Advisory (Plan)	$81,958
GEORGE DODD3+ years Service code 31 · EIN 12-7407886	Direct payment from the plan; Named f...	$65,783

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

4 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.
OpportunityLow employer contribution
Employer 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

$5.9M

$2768 / participant

Investment mgmt$504K8.6%
Contract admin$1M19.7%
Other / not subdivided$4M71.7%

% of EOY assets

0.504%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$411,917-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

0.0%0pp

Annual return

14.01%

12.92%+1.1pp

10.36%+3.6pp

17.84%-3.8pp

Employer contribution / active EE

$4,144

$14,070-70.5%

$37,738-89.0%

$14,688-71.8%

Participant deferral / active EE

$21-100.0%

$137-100.0%

$770-100.0%

Admin fee / account holder

$15,661-100.0%

Provider

Service type

Compensation

GREENBERG TRAURIG3+ years

Service code 29 · EIN 13-3613083

Legal

$2,004,124

WILLIS TOWERS WATSON US LLC3+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$1,160,555

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$907,783

WILLIAM BLAIR1 year

Filed as: WILLIAM BLAIR & CO. LLC

Service code 27 · EIN 36-2214610

Advisory (Plan)

$257,517

AON CONSULTING2 years

Filed as: AON RISK SERVICES

Service code 14 · EIN 16-1067929

Plan Administrator

$250,439

KEN GERAGHTY3+ years

Service code 31

Named fiduciary; Direct payment from ...

$175,265

POINTS NORTH2 years

Filed as: POINTS NORTH CONSULTING

Service code 10 · EIN 41-1791823

Accounting

$144,951

KLINGMAN & ASSOCIATES, LLC1 year

Service code 27 · EIN 06-1612508

Advisory (Plan)

$128,375

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL

Service code 27 · EIN 61-1758632

Advisory (Plan)

$81,958

GEORGE DODD3+ years

Service code 31 · EIN 12-7407886

Direct payment from the plan; Named f...

$65,783

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