Retirement plan

METLIFE RETIREMENT PLAN

Name: METLIFE GROUP, INC. - METLIFE RETIREMENT PLAN (2021) Form 5500
Creator: METLIFE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METLIFE RETIREMENT PLAN, METLIFE GROUP, INC.

METLIFE GROUP, INC.EIN 55-0790010Plan #001PY 2021

501 US HIGHWAY 22 WEST, C/O HR BENEFITS - BRIDGEWATER, NJ 088072441908-253-1977

Other plans on this EIN

1 filing

#003Retirement-$8.11B assets

Prospect flagsLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

$10873.1M

-12.8% from 2019

Total participants

11,926

+4.3% from 2019

Average account balance

No prior year

Annual return

-0.80%

-21.10 pp from 2019

Benchmarks

See 31 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants>=10,000

Cohort31 peers

Snapshot2021

Participant deferral / active EE

median $81

Employer contribution / active EE

median $4,047

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

-0.80%

median 9.49%

Overall peer rank

7of 100

7th percentileavg across 6 metrics

Analytics

2018 - 2024

Total assets (EOY)

Plan-year ending balance

$7.91B

Average account balance

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

$590K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 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%

Contributions (total)

Employer and participant dollars contributed each year

$260.00M

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.78%

Admin fee / account holder

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

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
METLIFE LIFE INSURANCE COMPANY4+ years Filed as: METROPOLITAN LIFE INSURANCE COMPANY Service code 13 · EIN 13-5581829	Contract Administrator	$30,633,372
HEWITT ASSOCIATES LLC4+ years Filed as: HEWITT LLC Service code 15 · EIN 36-3943169	Recordkeeping	$1,284,000
ADP BROKER-DEALER4+ years Filed as: AUTOMATIC DATA PROCESSING Service code 13 · EIN 94-1711583	Contract Administrator	$1,221,476
MILLIMAN, INC.4+ years Filed as: MILLIMAN Service code 11 · EIN 91-0675641	Actuarial	$82,852

Enrolled actuary

1 attachment

VANESSA M. VAAG, FSA, EA

MILLIMAN

Enrollment #2006349

150 CLOVE ROAD

10TH FLOOR

LITTLE FALLS, NJ 07424

(973) 278-8860

Signed 2022-09-15

Plan features & details

Pension benefit codes1A1C1E3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
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

$37.0M

$3099 / participant

Investment mgmt$31M83.5%
Other / not subdivided$6M16.5%

% of EOY assets

0.340%

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 AND TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$454,052-100.0%

Participation rate

0.0%

0.0%0pp

18.4%-18.4pp

0.0%0pp

Annual return

-0.80%

9.17%-10.0pp

8.95%-9.7pp

13.51%-14.3pp

Employer contribution / active EE

$5,235-100.0%

$46,559-100.0%

$8,170-100.0%

Participant deferral / active EE

$488-100.0%

$131-100.0%

$488-100.0%

Admin fee / account holder

$19,831-100.0%

Provider

Service type

Compensation

METLIFE LIFE INSURANCE COMPANY4+ years

Filed as: METROPOLITAN LIFE INSURANCE COMPANY

Service code 13 · EIN 13-5581829

Contract Administrator

$30,633,372

HEWITT ASSOCIATES LLC4+ years

Filed as: HEWITT LLC

Service code 15 · EIN 36-3943169

Recordkeeping

$1,284,000

ADP BROKER-DEALER4+ years

Filed as: AUTOMATIC DATA PROCESSING

Service code 13 · EIN 94-1711583

Contract Administrator

$1,221,476

MILLIMAN, INC.4+ years

Filed as: MILLIMAN

Service code 11 · EIN 91-0675641

Actuarial

$82,852

METLIFE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

VANESSA M. VAAG, FSA, EA

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METLIFE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

VANESSA M. VAAG, FSA, EA

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