American International Group, Inc. 401(k) Review & Grade
American International Group, Inc. Incentive Savings Plan
New York, NYFinance & Insurance6,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,115Employer $ per active participant
$13,443Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$4.5BNet plan assets, end of year
$225,374Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 73th |
| Employee saving | 88th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- American International Group put in about $14,115 per active participant, more than the typical peer ($4,489). 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.
- 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 | $86,233,017 |
| Participant (employee) contributions | $82,130,794 |
| Other contributions (incl. rollovers in) | $9,086,892 |
| Administrative expenses paid from the plan | $2,639,150 |
| Investment advisory & management fees | $1,306,712 |
| Other admin expenses | $838,617 |
| Benefits paid out | $737,088,337 |
| Net assets, start / end of year | $4.4B / $4.5B |
| Active participants, start / end of year | 7,147 / 5,072 |
| Participants with account balances | 19,879 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers, LLP |
Largest service providers (Schedule C)
| Alight Financial Advisors, LLC | $1,240,741 reported compensation |
| Alight Solutions | $474,473 reported compensation |
| Aon Investments USA Inc | $65,971 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010164103NAL0019119170001, received 2025-10-10, EIN 13-2592361, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.