Retirement plan

CITI RETIREMENT SAVINGS PLAN FOR PUERTO RICO

Name: CITIBANK, N.A. PUERTO RICO, A SUBSIDIARY OF CITIGROUP INC. - CITI RETIREMENT SAVINGS PLAN FOR PUERTO RICO (2023) Form 5500
Creator: CITIBANK, N.A. PUERTO RICO, A SUBSIDIARY OF CITIGROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITI RETIREMENT SAVINGS PLAN FOR PUERTO RICO, CITIBANK, N.A. PUERTO RICO, A SUBSIDIARY OF CITIGROUP INC.

CITIBANK, N.A. PUERTO RICO, A SUBSIDIARY OF CITIGROUP INC.EIN 66-0177415Plan #002PY 2023

750 WASHINGTON BLVD, 8TH FLOOR - STAMFORD, CT 06901718-248-1017LinkedIn1001-5000 employeesinvestment banking

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$49.1M

+9.2% from 2022

Total participants

387

-8.7% from 2022

Average account balance

$140,292

+18.8% from 2022

Annual return

16.14%

+31.32 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.15M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

322

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.

61.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 7 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC7 years Service code 15 · EIN 82-1061233	Recordkeeping	$11,064
BLACKROCK9+ years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 21 · EIN 94-3112180	Bank Trustee	$7,700
THE BANK OF NEW YORK MELLON4 years Filed as: BANK OF NEW YORK MELLON Service code 18 · EIN 13-5160382	Investment management; Trustee (bank,...	$2,324
LAZARAD ASSET MANAGEMENT LLC1 year Service code 26 30 ROCKFELLER PLAZA · NEW YORK, NY 10112	Advisory (Participants)	$1,607
WILLIAM BLAIR6 years Filed as: WILLIAM BLAIR INVESTMENT MGMT, LLC Service code 28 · EIN 47-2614791	Investment Management	$1,077
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL SMALL CAP SELECT Service code 28 801 GRAND AVENUE · DES MOINES, IA 50309	Investment Management	$1,003
BOSTON PARTNERS7 years Service code 28 909 THIRD AVENUE, 32ND FLOOR · NEW YORK, NY 10022	Investment Management	$853

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3C3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$347 / participant

Trustee / custodial$2K5.9%
Investment mgmt$23K61.5%
Legal$910.2%
Other trustee fees$1K3.1%
Contract admin$11K29.2%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,292

$130,294+7.7%

$170,057-17.5%

$71,529+96.1%

Participation rate

66.1%

86.2%-20.1pp

87.0%-21.0pp

67.9%-1.9pp

Annual return

16.14%

20.36%-4.2pp

53.42%-37.3pp

28.97%-12.8pp

Employer contribution / active EE

$4,975

$4,385+13.5%

$6,790-26.7%

$2,590+92.1%

Participant deferral / active EE

$6,180

$6,928-10.8%

$10,411-40.6%

$4,291+44.0%

Admin fee / account holder

$108

$966-88.8%

$12,826-99.2%

$1,588-93.2%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC7 years

Service code 15 · EIN 82-1061233

Recordkeeping

$11,064

BLACKROCK9+ years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 21 · EIN 94-3112180

Bank Trustee

$7,700

THE BANK OF NEW YORK MELLON4 years

Filed as: BANK OF NEW YORK MELLON

Service code 18 · EIN 13-5160382

Investment management; Trustee (bank,...

$2,324

LAZARAD ASSET MANAGEMENT LLC1 year

Service code 26

30 ROCKFELLER PLAZA · NEW YORK, NY 10112

Advisory (Participants)

$1,607

WILLIAM BLAIR6 years

Filed as: WILLIAM BLAIR INVESTMENT MGMT, LLC

Service code 28 · EIN 47-2614791

Investment Management

$1,077

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL SMALL CAP SELECT

Service code 28

801 GRAND AVENUE · DES MOINES, IA 50309

Investment Management

$1,003

BOSTON PARTNERS7 years

Service code 28

909 THIRD AVENUE, 32ND FLOOR · NEW YORK, NY 10022

Investment Management

$853

CITI RETIREMENT SAVINGS PLAN FOR PUERTO RICO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITI RETIREMENT SAVINGS PLAN FOR PUERTO RICO

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