Retirement plan

THE CNA CORPORATION RETIREMENT PLAN

Name: THE CNA CORPORATION - THE CNA CORPORATION RETIREMENT PLAN (2023) Form 5500
Creator: THE CNA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CNA CORPORATION RETIREMENT PLAN, THE CNA CORPORATION

THE CNA CORPORATIONEIN 54-1558882Plan #001PY 2023

3003 WASHINGTON BOULEVARD - ARLINGTON, VA 22201703-824-2000cna.orgLinkedIn501-1000 employeesresearch

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$551.3M

+12.9% from 2022

Total participants

1,759

+3.1% from 2022

Average account balance

$325,274

+8.6% from 2022

Annual return

16.95%

+30.50 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$601.27M

Not enough data

1 years with asset history on file

Average account balance

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

$451K

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.

1,332

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.

43.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 15 · EIN 04-2647786	Recordkeeping	$79,372
SAGEVIEW ADVISORY GROUP, LLC9+ years Filed as: SAGEVIEW ADVISORY GROUP Service code 28 · EIN 33-0818667	Investment Management	$70,000
PRICEWATERHOUSECOOPERS LLP8 years Service code 10 · EIN 13-4008324	Accounting	$69,673
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$9,051
TIAA8 years Service code 52 · EIN 13-1624203	Indirect Investment Fees	$657

Plan features & details

Pension benefit codes2A2F2G2L2M2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$229K

$342 / participant

Recordkeeping$80K35.0%
Investment mgmt$79K34.6%
Other / not subdivided$70K30.5%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: $69,673
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$325,274

$52,188+523.3%

$86,640+275.4%

$74,460+336.8%

Participation rate

90.4%

66.3%+24.1pp

71.7%+18.7pp

70.7%+19.7pp

Annual return

16.95%

44.46%-27.5pp

592.52%-575.6pp

34.38%-17.4pp

Employer contribution / active EE

$9,782

$2,282+328.7%

$3,024+223.4%

$2,638+270.8%

Participant deferral / active EE

$10,031

$3,383+196.5%

$4,438+126.0%

$4,530+121.4%

Admin fee / account holder

$135

$319-57.6%

$5,616-97.6%

$348-61.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 15 · EIN 04-2647786

Recordkeeping

$79,372

SAGEVIEW ADVISORY GROUP, LLC9+ years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 28 · EIN 33-0818667

Investment Management

$70,000

PRICEWATERHOUSECOOPERS LLP8 years

Service code 10 · EIN 13-4008324

Accounting

$69,673

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$9,051

TIAA8 years

Service code 52 · EIN 13-1624203

Indirect Investment Fees

$657

THE CNA CORPORATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CNA CORPORATION RETIREMENT 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