Plan Ledger DOL Form 5500 · updated monthly

Jennison Associates LLC401(k)

JENNISON ASSOCIATES SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Jennison Associates LLC reported $182,931 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $27,483 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.038% to 0.040%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 229th-largest of 5,648 plans among New York employers on file, and the 316th of 4,798 in finance & insurance. In 2024, the employer put in $2.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$485,909,349
Participants with balances609
Active participants416
Employer contributions$11,432,850
Employee contributions$5,522,572
Employer contribution per active participant$27,483
Average account balance$797,881
Benefits paid to participants$41,772,469
Plan auditUnmodified (clean) audit opinion
AuditorMITCHELL TITUS
Plan history3
Yearassets · accounts · employer contribution
2024$485.9M · 609 accts · $11.4M emplr
2023$437.2M · 614 accts · $8.1M emplr
2022$358.8M · 609 accts · $8.9M emplr
Administrative expenses, itemized · 2024
Investment management$80,000
Total administrative$182,931
The Jennison Associates LLC 401(k) match · 2024
Employer contribution per active participant$27,483
Median for plans this size$4,294
2024$27,483 per active participant
2023$19,811 per active participant
2022$21,978 per active participant

Jennison Associates LLC's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MORGAN STANLEY · Investment advisory (plan)$80,000
MESIROW FINANCIAL INVESTMENT MANAGE$30,000
MITCHELL & TITUS LLP$30,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$182,931 · 0.04%
2023$152,675 · 0.04%
2022$152,200 · 0.04%
Same employer
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Ing Financial Services LLC NY$510.3M · 0.04%
Community Bank System, Inc. NY$509.3M · 0.02%
C.V. Starr & Co., Inc. NY$486.8M · 0.04%
Gbt US LLC NY$470.7M · 0.11%
Natixis North America LLC NY$470.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522069785 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.