Rga Reinsurance Company 401(k) Review & Grade
Rga Savings Plan
Chesterfield, MOFinance & Insurance2,150 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,298Employer $ per active participant
$15,331Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$669.8MNet plan assets, end of year
$259,104Average balance per account
Score breakdown
- Employer generosity47.9 / 5096th percentile for employer $ per participant
- Low cost23.7 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 95th |
| Employee saving | 91th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $7,971 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rga Reinsurance put in about $12,298 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 | $26,434,201 |
| Participant (employee) contributions | $32,954,703 |
| Other contributions (incl. rollovers in) | $7,167,563 |
| Administrative expenses paid from the plan | $139,371 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $47,792,738 |
| Net assets, start / end of year | $567.4M / $669.8M |
| Active participants, start / end of year | 2,042 / 2,257 |
| Participants with account balances | 2,585 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $60,733 reported compensation |
| Capital Strategies Investment Grou | $60,000 reported compensation |
| Armanino Advisory LLC | $18,638 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135339NAL0009576562001, received 2025-10-15, EIN 43-1235868, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.