Allianz Asset Management of America LLC 401(k) Review & Grade
Allianz Asset Management of America 401(k) Savings and Retirement Plan
Newport Beach, CAFinance & Insurance2,380 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$22,620Employer $ per active participant
$16,929Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$439,718Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 96th |
| Employee saving | 94th |
| Peers that auto-enroll | 62% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($557 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $7,658 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Allianz Asset Management of America put in about $22,620 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $53,836,454 |
| Participant (employee) contributions | $40,291,968 |
| Other contributions (incl. rollovers in) | $5,913,370 |
| Administrative expenses paid from the plan | $350,869 |
| Contract administrator fees | $10,793 |
| Investment advisory & management fees | $120,226 |
| Benefits paid out | $125,929,686 |
| Net assets, start / end of year | $1.9B / $2.2B |
| Active participants, start / end of year | 2,532 / 2,228 |
| Participants with account balances | 4,907 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wright Ford Young and Company |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $219,925 reported compensation |
| Ep Wealth Advisors LLC | $36,715 reported compensation |
| Charles Schwab & Co., Inc. | $29,915 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029122950NAL0000902241001, received 2025-10-29, EIN 99-0994535, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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