Retirement plan

USAA RETIREMENT SAVINGS PLAN

Name: UNITED SERVICES AUTOMOBILE ASSOCIATION - USAA RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: UNITED SERVICES AUTOMOBILE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USAA RETIREMENT SAVINGS PLAN, UNITED SERVICES AUTOMOBILE ASSOCIATION

UNITED SERVICES AUTOMOBILE ASSOCIATIONEIN 74-0959140Plan #002PY 2017

9800 FREDERICKSBURG ROAD, D SVC E - SAN ANTONIO, TX 782884002210-489-1450LinkedIn1-10 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$5.73B assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed April 23, 2001 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$6986.9M

+18.1% from 2016

Total participants

41,478

+6.5% from 2016

Average account balance

$168,448

+10.6% from 2016

Annual return

13.97%

+6.74 pp from 2016

Benchmarks

See 80 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort80 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.92B

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

53,289

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$675.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
GOLDMAN SACHS3+ years Filed as: GOLDMAN SACHS ASSET MANAGEMENT Service code 28 · EIN 13-3575636	Investment Management	$837,673
BLACKROCK2 years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 21 · EIN 94-3112180	Bank Trustee	$762,889
CONDUENT HR CONSULTING, LLC2 years Filed as: CONDUENT (FORMALLY XEROX) Service code 15 · EIN 04-3609848	Recordkeeping	$735,618
NORTHERN TRUST COMPANY3+ years Filed as: THE NORTHERN TRUST COMPANY Service code 19 · EIN 36-1561860	Securities Custodian	$560,555
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: MACQUAIRE INVESTMENT MANAGEMENT Service code 28 · EIN 23-2859590	Investment Management	$555,456
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: PRUDENTIAL TRUST COMPANY Service code 19 · EIN 23-6994310	Securities Custodian	$368,826
STATE STREET GLOBAL ADVISORS3+ years Service code 18 · EIN 81-4017137	Custodial (other than securities); In...	$63,245

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4.9M

$152 / participant

Investment mgmt$3M51.1%
Contract admin$686K13.9%
Other / not subdivided$2M35.0%

% of EOY assets

0.071%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,448

$112,134+50.2%

$149,721+12.5%

$80,976+108.0%

Participation rate

100.0%

87.3%+12.7pp

87.1%+12.9pp

68.3%+31.7pp

Annual return

13.97%

17.23%-3.3pp

1501.67%-1487.7pp

22.91%-8.9pp

Employer contribution / active EE

$10,650

$3,991+166.8%

$5,444+95.6%

$2,402+343.3%

Participant deferral / active EE

$7,033

$6,036+16.5%

$6,568+7.1%

$3,848+82.7%

Admin fee / account holder

$119

$109+9.0%

$11,282-98.9%

$67+76.5%

Provider

Service type

Compensation

GOLDMAN SACHS3+ years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT

Service code 28 · EIN 13-3575636

Investment Management

$837,673

BLACKROCK2 years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 21 · EIN 94-3112180

Bank Trustee

$762,889

CONDUENT HR CONSULTING, LLC2 years

Filed as: CONDUENT (FORMALLY XEROX)

Service code 15 · EIN 04-3609848

Recordkeeping

$735,618

NORTHERN TRUST COMPANY3+ years

Filed as: THE NORTHERN TRUST COMPANY

Service code 19 · EIN 36-1561860

Securities Custodian

$560,555

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: MACQUAIRE INVESTMENT MANAGEMENT

Service code 28 · EIN 23-2859590

Investment Management

$555,456

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: PRUDENTIAL TRUST COMPANY

Service code 19 · EIN 23-6994310

Securities Custodian

$368,826

STATE STREET GLOBAL ADVISORS3+ years

Service code 18 · EIN 81-4017137

Custodial (other than securities); In...

$63,245

USAA RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USAA RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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