Retirement plan

INTESA SANPAOLO S.P.A. EMPLOYEES 401(K) SAVINGS PLAN

Name: INTESA SANPAOLO S.P.A. - INTESA SANPAOLO S.P.A. EMPLOYEES 401(K) SAVINGS PLAN (2021) Form 5500
Creator: INTESA SANPAOLO S.P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTESA SANPAOLO S.P.A. EMPLOYEES 401(K) SAVINGS PLAN, INTESA SANPAOLO S.P.A.

INTESA SANPAOLO S.P.A.EIN 52-2196811Plan #001PY 2021

1 WILLIAM STREET - NEW YORK, NY 10004212-607-3974

Other plans on this EIN

1 filing

#002Retirement-$18.8M assets

Prospect flagsHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$76M

+13.3% from 2020

Total participants

213

+9.2% from 2020

Average account balance

$378,219

+9.4% from 2020

Annual return

14.10%

-4.98 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$82.21M

Not enough data

1 years with asset history on file

Average account balance

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

$364K

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.

226

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+18.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	-$43,750

Plan features & details

Pension benefit codes2F2G2J2K2T2E3H3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARL CASCIO,CPA, PLLC
Auditor EIN: 814748478
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$378,219

$121,341+211.7%

$189,513+99.6%

$79,386+376.4%

Participation rate

91.9%

86.1%+5.8pp

87.8%+4.1pp

70.7%+21.2pp

Annual return

14.10%

21.08%-7.0pp

555.15%-541.1pp

116.85%-102.8pp

Employer contribution / active EE

$11,707

$3,915+199.0%

$6,162+90.0%

$2,427+382.3%

Participant deferral / active EE

$10,072

$6,395+57.5%

$8,221+22.5%

$4,046+149.0%

Admin fee / account holder

-$218

$651-133.4%

$12,045-101.8%

$626-134.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$43,750

INTESA SANPAOLO S.P.A. EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTESA SANPAOLO S.P.A. EMPLOYEES 401(K) 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