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CIGNA 401(K) PLAN 401k Plan overview

Plan NameCIGNA 401(K) PLAN
Plan identification number 002

CIGNA 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Puerto Rico Code.

401k Sponsoring company profile

CIGNA CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:CIGNA CORPORATION
Employer identification number (EIN):824991898
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CIGNA 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01

Plan Statistics for CIGNA 401(K) PLAN

401k plan membership statisitcs for CIGNA 401(K) PLAN

Measure Date Value
2022: CIGNA 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0190,612
Total number of active participants reported on line 7a of the Form 55002022-01-0166,760
Number of retired or separated participants receiving benefits2022-01-01624
Number of other retired or separated participants entitled to future benefits2022-01-0125,818
Total of all active and inactive participants2022-01-0193,202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-019
Total participants2022-01-0193,211
Number of participants with account balances2022-01-0191,431
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011,091

Financial Data on CIGNA 401(K) PLAN

Measure Date Value
2022 : CIGNA 401(K) PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-44,920,937
Total unrealized appreciation/depreciation of assets2022-12-31$-44,920,937
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$94,160,469
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$122,476,189
Total income from all sources (including contributions)2022-12-31$-626,942,810
Total loss/gain on sale of assets2022-12-31$15,551,758
Total of all expenses incurred2022-12-31$850,236,217
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$847,302,974
Expenses. Certain deemed distributions of participant loans2022-12-31$152,376
Value of total corrective distributions2022-12-31$81,731
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$813,116,123
Value of total assets at end of year2022-12-31$11,460,872,790
Value of total assets at beginning of year2022-12-31$12,966,367,537
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,699,136
Total interest from all sources2022-12-31$105,253,507
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$16,400,066
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$1,024,681
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$1,584,433
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$15,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$491,590,194
Participant contributions at end of year2022-12-31$146,070,283
Participant contributions at beginning of year2022-12-31$141,821,346
Assets. Other investments not covered elsewhere at end of year2022-12-31$2,611,113
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$1,317,946
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$51,773,963
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$36,352,764
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$16,907,146
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$94,160,469
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$122,476,189
Other income not declared elsewhere2022-12-31$231,300
Administrative expenses (other) incurred2022-12-31$2,699,136
Total non interest bearing cash at end of year2022-12-31$1,442,692
Total non interest bearing cash at beginning of year2022-12-31$2,668,271
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,477,179,027
Value of net assets at end of year (total assets less liabilities)2022-12-31$11,366,712,321
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$12,843,891,348
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$5,641,802,045
Value of interest in pooled separate accounts at beginning of year2022-12-31$6,694,551,749
Interest on participant loans2022-12-31$7,646,680
Interest earned on other investments2022-12-31$97,606,827
Value of interest in common/collective trusts at end of year2022-12-31$2,618,686,207
Value of interest in common/collective trusts at beginning of year2022-12-31$3,105,953,262
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$60,036,102
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$74,565,013
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$74,565,013
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$679,253,442
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$683,108,942
Asset value of US Government securities at end of year2022-12-31$253,584,709
Asset value of US Government securities at beginning of year2022-12-31$287,859,354
Net investment gain/loss from pooled separate accounts2022-12-31$-891,892,961
Net investment gain or loss from common/collective trusts2022-12-31$-640,681,666
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$1,188,490,205
Assets. Invements in employer securities at beginning of year2022-12-31$860,658,060
Contributions received in cash from employer2022-12-31$269,751,966
Employer contributions (assets) at end of year2022-12-31$18,679,841
Employer contributions (assets) at beginning of year2022-12-31$19,792,260
Income. Dividends from common stock2022-12-31$16,400,066
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$847,302,974
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$812,838,706
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$1,075,579,755
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$100,289,696
Aggregate carrying amount (costs) on sale of assets2022-12-31$84,737,938
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2022-12-31134008324

Form 5500 Responses for CIGNA 401(K) PLAN

2022: CIGNA 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA 10867
Policy instance 1
Insurance contract or identification numberGA 10867
Number of Individuals Covered93211
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number30003
Policy instance 2
Insurance contract or identification number30003
Number of Individuals Covered93211
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract number030561
Policy instance 3
Insurance contract or identification number030561
Number of Individuals Covered93211
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number017489
Policy instance 4
Insurance contract or identification number017489
Number of Individuals Covered93211
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number060456
Policy instance 5
Insurance contract or identification number060456
Number of Individuals Covered93211
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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