Retirement plan

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Name: NAMED FIDUCIARIES OF THE PEN PLAN FOR INS ORG - THE PENSION PLAN FOR INSURANCE ORGANIZATIONS (2018) 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 2018

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

Prospect flagsHigh retiree %Low returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1014.8M

-3.8% from 2016

Total participants

8,595

+2.1% from 2016

Average account balance

No prior year

Annual return

-6.38%

-9.17 pp from 2016

Benchmarks

See 170 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort170 peers

Snapshot2018

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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 TRAURIG4+ years Service code 29 · EIN 13-3613083	Legal	$1,330,425
WILLIS TOWERS WATSON US LLC4+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$874,020
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$774,257
WILLIAM BLAIR2 years Filed as: WILLIAM BLAIR & CO. LLC Service code 28 · EIN 36-2214610	Investment Management	$294,938
KEN GERAGHTY4+ years Service code 14 · EIN 06-5449407	Plan Administrator	$229,937
POINTS NORTH3 years Filed as: POINTS NORTH CONSULTING Service code 15 · EIN 41-1791823	Recordkeeping	$164,134
GEORGE DODD4+ years Service code 31 · EIN 12-7407886	Named fiduciary; Direct payment from ...	$103,743
KLINGMAN & ASSOCIATES, LLC2 years Service code 27 · EIN 06-1612508	Advisory (Plan)	$89,875
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746748	Accounting	$79,564
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632	Advisory (Plan)	$61,958

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 returns
Annual investment return 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

$5.2M

$2637 / participant

Investment mgmt$512K9.8%
Contract admin$774K14.8%
Other / not subdivided$4M75.4%

% of EOY assets

0.515%

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

$5,379,476-100.0%

$379,314-100.0%

$21,578,776-100.0%

Participation rate

0.0%

0.0%0pp

17.4%-17.4pp

0.0%0pp

Annual return

-6.38%

-0.94%-5.4pp

-2.18%-4.2pp

33.37%-39.7pp

Employer contribution / active EE

$19,025

$12,464+52.6%

$38,751-50.9%

$11,253+69.1%

Participant deferral / active EE

$24-100.0%

$151-100.0%

$819-100.0%

Admin fee / account holder

$4,675-100.0%

$4,180-100.0%

$99,113-100.0%

Provider

Service type

Compensation

GREENBERG TRAURIG4+ years

Service code 29 · EIN 13-3613083

Legal

$1,330,425

WILLIS TOWERS WATSON US LLC4+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$874,020

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$774,257

WILLIAM BLAIR2 years

Filed as: WILLIAM BLAIR & CO. LLC

Service code 28 · EIN 36-2214610

Investment Management

$294,938

KEN GERAGHTY4+ years

Service code 14 · EIN 06-5449407

Plan Administrator

$229,937

POINTS NORTH3 years

Filed as: POINTS NORTH CONSULTING

Service code 15 · EIN 41-1791823

Recordkeeping

$164,134

GEORGE DODD4+ years

Service code 31 · EIN 12-7407886

Named fiduciary; Direct payment from ...

$103,743

KLINGMAN & ASSOCIATES, LLC2 years

Service code 27 · EIN 06-1612508

Advisory (Plan)

$89,875

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746748

Accounting

$79,564

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27 · EIN 61-1758632

Advisory (Plan)

$61,958

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