Plan Ledger DOL Form 5500 · updated monthly

Swiss Re America Holding Corporation401(k)

SWISS RE GROUP U.S. EMPLOYEES' SAVINGS PLAN · ARMONK, NY · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Swiss Re America Holding Corporation reported $1,054,636 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $16,679 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 fell from 0.09% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 80th-largest of 5,648 plans among New York employers on file, and the 117th of 4,798 in finance & insurance. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,631,427,667
Participants with balances4,156
Active participants2,402
Employer contributions$40,062,131
Employee contributions$34,479,920
Employer contribution per active participant$16,679
Average account balance$392,548
Benefits paid to participants$117,751,922
Plan auditUnmodified (clean) audit opinion
AuditorKPMG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 4,156 accts · $40.1M emplr
2023$1.5B · 4,255 accts · $39.8M emplr
2022$1.3B · 4,275 accts · $39.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$209,729
Investment management$783,152
Audit (IQPA)$58,000
Total administrative$1,054,636
The Swiss Re America Holding Corporation 401(k) match · 2024
Employer contribution per active participant$16,679
Median for plans this size$5,259
2024$16,679 per active participant
2023$15,825 per active participant
2022$15,359 per active participant

Swiss Re America Holding Corporation's 2024 employer contribution ran above the $5,259 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 · 20247
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$209,729
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$457,845
JP MORGAN INVESTMENT MANAGEMENT · Custodial (securities) · Investment management$196,713
NEPC LLC · Consulting$138,093
KPMG LLP$57,500
TROUTMAN SANDERS LOCKERMAN & ASHMOR$20,164
AON CONSULTING INC DBA HEWITT ASSOC$13,000

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$1,054,636 · 0.07%
2023$1,175,175 · 0.09%
2022$1,273,350 · 0.09%
Same employer
Similar plansFinance & Insurance · New York
Bnp Paribas NY$2.2B · 0.03%
Moodys Corporation NY$2.1B · 0.04%
Paychex Retirement LLC NY$1.8B · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132761364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.