Retirement plan

JENNISON ASSOCIATES SAVINGS PLAN

Name: JENNISON ASSOCIATES LLC - JENNISON ASSOCIATES SAVINGS PLAN (2022) Form 5500
Creator: JENNISON ASSOCIATES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JENNISON ASSOCIATES SAVINGS PLAN, JENNISON ASSOCIATES LLC

JENNISON ASSOCIATES LLCEIN 52-2069785Plan #006PY 2022

466 LEXINGTON AVENUE, 18TH FLOOR - NEW YORK, NY 100173151212-421-1000

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$358.8M

-6.1% from 2016

Total participants

609

-9.7% from 2016

Average account balance

$589,210

+4.0% from 2016

Annual return

-21.58%

-3.02 pp from 2016

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$485.91M

Not enough data

1 years with asset history on file

Average account balance

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

$798K

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.

609

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$41K

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

+16.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY HOLDING Service code 27 · EIN 26-4310632	Advisory (Plan)	$80,000
MITCHELL & TITUS, LLP4 years Service code 10 · EIN 13-2781641	Accounting	$36,000
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INC. Service code 27 · EIN 36-3429599	Advisory (Plan)	$30,000
HAGER STRATEGIC2 years Filed as: HAGER STRATEGIC, INC. Service code 49 · EIN 52-1942556	Other Services	$5,000
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2K3H2J2T

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$152K

$378 / participant

Other / not subdivided$152K100.0%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: MITCHELL TITUS
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$589,210

$86,897+578.1%

$151,634+288.6%

$64,829+808.9%

Participation rate

100.0%

87.3%+12.7pp

87.5%+12.5pp

71.5%+28.5pp

Annual return

-21.58%

-3.57%-18.0pp

3.32%-24.9pp

32.85%-54.4pp

Employer contribution / active EE

$21,978

$4,010+448.1%

$6,165+256.5%

$2,507+776.6%

Participant deferral / active EE

$11,213

$6,690+67.6%

$8,363+34.1%

$4,312+160.1%

Admin fee / account holder

$250

$153+63.4%

$11,614-97.8%

$188+33.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY HOLDING

Service code 27 · EIN 26-4310632

Advisory (Plan)

$80,000

MITCHELL & TITUS, LLP4 years

Service code 10 · EIN 13-2781641

Accounting

$36,000

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INC.

Service code 27 · EIN 36-3429599

Advisory (Plan)

$30,000

HAGER STRATEGIC2 years

Filed as: HAGER STRATEGIC, INC.

Service code 49 · EIN 52-1942556

Other Services

$5,000

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

JENNISON ASSOCIATES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JENNISON ASSOCIATES SAVINGS PLAN

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