Retirement plan

CSAA INSURANCE GROUP CASH BALANCE RETIREMENT PLAN

Name: CSAA INSURANCE SERVICES, INC. - CSAA INSURANCE GROUP CASH BALANCE RETIREMENT PLAN (2022) Form 5500
Creator: CSAA INSURANCE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CSAA INSURANCE GROUP CASH BALANCE RETIREMENT PLAN, CSAA INSURANCE SERVICES, INC.

CSAA INSURANCE SERVICES, INC.EIN 46-4417209Plan #001PY 2022

3055 OAK ROAD - WALNUT CREEK, CA 945972098925-279-2300LinkedIn1-10 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$646.5M assets

Prospect flagsHigh retiree %Low returnsWind-down / frozen

How to read this page

Total assets (EOY)

$733.4M

-7.1% from 2016

Total participants

8,605

-1.1% from 2016

Average account balance

No prior year

Annual return

-24.26%

-14.26 pp from 2016

Benchmarks

See 115 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort115 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$821.76M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

6,017

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

$65.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+2.62%

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 6 by compensation

Provider	Service type	Compensation
PIMCO FUNDS4 years Filed as: PACIFIC INVESTMENT MANAGEMENT CO Service code 28 · EIN 33-0629048	Investment Management	$734,314
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY INVESTMENT MGMT Service code 28 · EIN 36-3145972	Investment Management	$538,904
PRUDENTIAL RETIREMENT INSURANCE AND4 years Filed as: PRUDENTIAL RETIREMENT INS AND AN CO Service code 14 · EIN 06-1050034	Plan Administrator	$482,073
NISA INVESTMENT ADVISORS, LLC2 years Filed as: NISA INVESTMENT ADVISORS L.L.C. Service code 28 · EIN 48-1140940	Investment Management	$300,000
CALLAN ASSOCIATES3 years Filed as: CALLAN LLC Service code 17 · EIN 94-2192581	Pension Consulting	$186,806
WILLIS TOWERS WATSON US LLC4 years Service code 15 · EIN 26-0775680	Recordkeeping	$68,315

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1E1I

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).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

3 tripped

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.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$12.6M

$5345 / participant

Investment mgmt$6M49.9%
Contract admin$482K3.8%
Other / not subdivided$6M46.3%

% of EOY assets

1.722%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,256-100.0%

$788,447-100.0%

$2,456,633-100.0%

Participation rate

0.0%

14.3%-14.3pp

21.4%-21.4pp

1.5%-1.5pp

Annual return

-24.26%

-6.02%-18.2pp

-3.21%-21.0pp

23.41%-47.7pp

Employer contribution / active EE

$11,241-100.0%

$46,051-100.0%

$12,650-100.0%

Participant deferral / active EE

$120-100.0%

$31-100.0%

$1,474-100.0%

Admin fee / account holder

$625-100.0%

$46,258-100.0%

$14,884-100.0%

Provider

Service type

Compensation

PIMCO FUNDS4 years

Filed as: PACIFIC INVESTMENT MANAGEMENT CO

Service code 28 · EIN 33-0629048

Investment Management

$734,314

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN STANLEY INVESTMENT MGMT

Service code 28 · EIN 36-3145972

Investment Management

$538,904

PRUDENTIAL RETIREMENT INSURANCE AND4 years

Filed as: PRUDENTIAL RETIREMENT INS AND AN CO

Service code 14 · EIN 06-1050034

Plan Administrator

$482,073

NISA INVESTMENT ADVISORS, LLC2 years

Filed as: NISA INVESTMENT ADVISORS L.L.C.

Service code 28 · EIN 48-1140940

Investment Management

$300,000

CALLAN ASSOCIATES3 years

Filed as: CALLAN LLC

Service code 17 · EIN 94-2192581

Pension Consulting

$186,806

WILLIS TOWERS WATSON US LLC4 years

Service code 15 · EIN 26-0775680

Recordkeeping

$68,315

CSAA INSURANCE GROUP CASH BALANCE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CSAA INSURANCE GROUP CASH BALANCE RETIREMENT PLAN

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