Retirement plan

THE FIFTH THIRD BANCORP 401(K) SAVINGS PLAN

Name: FIFTH THIRD BANCORP - THE FIFTH THIRD BANCORP 401(K) SAVINGS PLAN (2016) Form 5500
Creator: FIFTH THIRD BANCORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FIFTH THIRD BANCORP 401(K) SAVINGS PLAN, FIFTH THIRD BANCORP

FIFTH THIRD BANCORPEIN 31-0854434Plan #001PY 2016

38 FOUNTAIN SQUARE PLAZA, MAIL DROP 10GA51 - CINCINNATI, OH 45202513-534-4137

Other plans on this EIN

2 filings

#007Retirement-$175.5M assets #008Retirement-$1.6M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 4, 2006 (most recent of 3 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)

$1872.8M

+10.4% from 2015

Total participants

25,747

+8.3% from 2015

Average account balance

$79,927

+2.9% from 2015

Annual return

11.74%

+12.62 pp from 2015

Benchmarks

See 76 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort76 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01B

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

23,249

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$261.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$856,376
COWEN & COMPANY LLC1 year Filed as: COWEN EXECUTION SERVICES, LLC Service code 50 · EIN 84-1702964	Direct Payment	$92,992
MORGAN STANLEY SMITH BARNEY2+ years Filed as: J.P. MORGAN SECURITIES INC. Service code 50 · EIN 13-3379014	Direct Payment	$80,649
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 15 · EIN 84-0467907	Recordkeeping	$47,475
THOMPSON HINE2+ years Filed as: THOMPSON HINE LLP Service code 29 · EIN 34-0575300	Legal	$42,949
MORGAN STANLEY SMITH BARNEY2+ years Filed as: J.P. MORGAN SECURITIES LLC Service code 33 · EIN 13-4110995	Shareholder servicing fees; Securitie...	$19,767
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GWFS EQUITIES INC Service code 33 8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Other investment fees and expenses; S...	$14,353
MORGAN STANLEY SMITH BARNEY1 year Filed as: J.P.MORGAN SECURITIES LLC Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2K2F3H2T2R2O

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$967K

$53 / participant

Investment mgmt$856K88.6%
Other / not subdivided$110K11.4%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,927

$93,756-14.7%

$133,975-40.3%

$329,111-75.7%

Participation rate

87.3%

89.7%-2.4pp

87.1%+0.3pp

67.9%+19.5pp

Annual return

11.74%

20.33%-8.6pp

29.29%-17.5pp

16.35%-4.6pp

Employer contribution / active EE

$4,044

$3,619+11.7%

$5,211-22.4%

$2,303+75.5%

Participant deferral / active EE

$5,118

$5,685-10.0%

$6,282-18.5%

$3,682+39.0%

Admin fee / account holder

$41

$90-53.9%

$9,324-99.6%

$754-94.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$856,376

COWEN & COMPANY LLC1 year

Filed as: COWEN EXECUTION SERVICES, LLC

Service code 50 · EIN 84-1702964

Direct Payment

$92,992

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: J.P. MORGAN SECURITIES INC.

Service code 50 · EIN 13-3379014

Direct Payment

$80,649

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 15 · EIN 84-0467907

Recordkeeping

$47,475

THOMPSON HINE2+ years

Filed as: THOMPSON HINE LLP

Service code 29 · EIN 34-0575300

Legal

$42,949

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: J.P. MORGAN SECURITIES LLC

Service code 33 · EIN 13-4110995

Shareholder servicing fees; Securitie...

$19,767

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GWFS EQUITIES INC

Service code 33

8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Other investment fees and expenses; S...

$14,353

MORGAN STANLEY SMITH BARNEY1 year

Filed as: J.P.MORGAN SECURITIES LLC

Service code 59

Shareholder Servicing

THE FIFTH THIRD BANCORP 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FIFTH THIRD BANCORP 401(K) 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