Swiss Re America Holding Corporation 401(k) Review & Grade
Swiss Re Group U.S. Employees' Savings Plan
Armonk, NYFinance & Insurance2,458 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$16,295Employer $ per active participant
$14,025Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$392,548Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 82th |
| Employee saving | 88th |
| Peers that auto-enroll | 62% |
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
- Swiss Re America Holding put in about $16,295 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.
- 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 | $40,062,131 |
| Participant (employee) contributions | $34,479,920 |
| Other contributions (incl. rollovers in) | $7,766,133 |
| Administrative expenses paid from the plan | $1,054,636 |
| Investment advisory & management fees | $783,152 |
| Benefits paid out | $117,751,922 |
| Net assets, start / end of year | $1.5B / $1.6B |
| Active participants, start / end of year | 2,515 / 2,402 |
| Participants with account balances | 4,156 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $457,845 reported compensation |
| Empower Annuity Insurance Company | $209,729 reported compensation |
| JP Morgan Investment Management | $196,713 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002104755NAL0001017362001, received 2025-10-02, EIN 13-2761364, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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