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FORM 5500 DATA

AIG Insurance Company-Puerto Rico Capital Growth Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1989
  • Net Assets as of 12/31/2019 $13,251,674
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants89
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits68
  • Subtotal157
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total158
  • Total number of participants as of 01/01/2019169
  • Number of participants with account balances154
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address250 Munoz Rivera Avenue
  • CitySan Juan
  • StatePR
  • Zip00918
  • Telephone(787) 767-6389
  • EIN66-0319193
  • Industry Code524140
  • Named AdministratorJustin Orlando
  • Named Plan SponsorAlexis Sanchez

Plan Administrator Information

  • Administrator NameAig Retirement Board
  • Address175 Water Street
  • CityNew York
  • StateNY
  • Zip10038
  • Telephone(212) 770-6614
  • Administrator EIN13-2592361

Audit Information

  • Audit StatusAudited
  • AuditorPricewaterhousecoopers, LLP
  • Auditor EIN13-4008324
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3C Plan not intended to be qualified A plan not intended to be qualified under Code sections 401, 403, or 408.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3J Puerto Rico Plan U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 8565 of the Puerto Rico Code.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $100,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $3,061,905
Contributions $794,382
Cash Contributions $794,382
Cash from Employers $452,228
Cash from Participants $342,154
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $2,267,523
Total Interest $9,546
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,546
Interest from Other Investments $0
Total Dividends $123,523
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $1,041,239
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $31,406
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $1,061,809
Other Income $0
Expenses $1,082,643
Total Benefit Payments $1,066,792
Directly to participants or beneficiaries, including direct rollovers $1,066,792
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $15,851
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $14,911
Other Administrative Fees $940
Net Income $1,979,262
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $13,251,674 $11,272,412 17.56%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $12,857 $10,062 27.78%
Employer Contributions $12,857 $10,062 27.78%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $237,019 $193,959 22.20%
Value of interest in common/collective trusts $5,911,648 $4,622,551 27.89%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $1,003,418 $1,190,039 -15.68%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $6,086,732 $5,255,801 15.81%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $13,251,674 $11,272,412 17.56%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Retirement Solutions

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Financial Engines Investment advisory (participants), Direct payment from the plan Investment Advisor $14,911 $0 $14,911
Transamerica Retirement Solutions Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Participant loan processing, Participant communication, Direct payment from the plan, Sales loads (front end and deferred), Shareholder servicing fees, Finders' fees/placement fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees Recordkeeper $940 $0 $940
National Financial Services Securities brokerage, Securities brokerage commissions and fees Securities Broker $0 $0 $0
Total $15,851 $0 $15,851

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
National Financial Services Dfa-Dimensional Securities brokerage, Securities brokerage commissions and fees Revenue Sharing See Attachment To Line 2(H) $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Instl Index Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,220,456
Vanguard Inst. Ttal Bond Mkt Index Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,128,738
Aig Master Trust American International Group, Inc. DFE: Master Trust Investment Account $1,003,418
Mfs Large Cap Value Cit Massachusetts Financial Services DFE: Common/Collective Trust $649,685
Vanguard Inst Extended Mkt Index Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $611,586
Vanguard Tgt Retirement 2045 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $493,857
Vanguard Tgt Retirement 2020 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $452,173
Vanguard Tgt Retirement 2040 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $267,844
Vanguard Tgt Retirement 2035 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $223,510
Vanguard Tgt Retirement 2050 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $164,461
Vanguard Tgt Ret Inc Trust Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $132,928
Vanguard Tgt Retirement 2025 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $132,789
Vanguard Tgt Retirement 2055 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $120,375
Vanguard Tgt Retirement 2030 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $116,589
Vanguard Tgt Retirement 2015 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $88,091
Harding Loevner Intl Equity Cit Harding Loevner DFE: Common/Collective Trust $70,029
Vanguard Tgt Retirement 2060 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $35,424
Vanguard Tgt Retirement 2065 Plus Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $3,113
Total $6,915,066

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.