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Retirement plan

401(K) PLAN AND THE EMPLOYEE STOCK OWNERSHIP PLAN OF CVS HEALTH CORPORATION AND AFFILIATED COMPANIES

CVS HEALTH CORPORATIONEIN 05-0494040Plan #017PY 2016
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HR RETIREMENT BENEFITS, ONE CVS DRIVE, MAIL CODE 1110 - WOONSOCKET, RI 02895401-770-5547cvshealth.comLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
5 filings
#027Retirement-$623.6M assets#030Retirement-$4.4M assets#024Retirement-$4.3M assets#028Retirement--#029Retirement--
Prospect flagsLow participationFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 770-5547
Plan administrator signer
ROBERTA F. JOHNNENE
Signed 10/12/2017
How to read this page

Summary metrics

Total assets (EOY)
$9441.5M
-10.8% from 2016
Total participants
184,061
-6.3% from 2016
Average account balance
$86,410
-1.5% from 2016
Annual return
11.01%
-10.16 pp from 2016

Benchmarks

See 90 peers
Peer group
Industry44 - Retail Trade
Plan typeDefined contribution
Participants>=10,000
Cohort90 peers
Snapshot2016
Participant deferral / active EE
$2,737
median $1,082
Employer contribution / active EE
$1,655
median $474
Participation rate
53.0%
median 50.8%
Avg account balance
$86,410
median $33,278
Admin fee / account holder
$195
median $45
Annual return
11.01%
median 8.21%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$30.09B
Average account balance
Total assets / participants with a balance (line 6g)
$130K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
230,636
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
50.5%
Contributions (total)
Employer and participant dollars contributed each year
$1.66B
Contributions per participant
Average employer and participant contribution per enrolled participant
$5K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.24%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$190
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 11 by compensation
ProviderService typeCompensation
FINANCIAL ENGINES2+ years
Service code 26 · EIN 94-3250323
Advisory (Participants)
$8,591,453
BUCK CONSULTANTS, LLC2+ years
Service code 17 · EIN 13-3954297
Pension Consulting
$6,187,194
COLUMBIA MANAGEMENT INVESTMENT2+ years
Service code 28 · EIN 13-3180631
Investment Management
$962,807
WELLS FARGO BANK, N.A.2+ years
Service code 28
TRUST OPERATIONS · MINNEAPOLIS, MN 554855159
Investment Management
$953,090
XEROX HR SOLUTIONS LLC2+ years
Service code 15 · EIN 04-3609848
Recordkeeping
$935,321
BANK OF NEW YORK MELLON2+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$758,543
COLUMBUS CIRCLE INVESTORS2+ years
Service code 28 · EIN 06-1404803
Investment Management
$752,984
T. ROWE PRICE2+ years
Service code 28 · EIN 52-0556948
Investment Management
$718,644
BARROW, HANLEY, MEWHINNEY & STRAUSS2+ years
Service code 28 · EIN 75-2403190
Investment Management
$709,172
GALLIARD CAPITAL MANAGEMENT CORP.2+ years
Service code 28 · EIN 41-1813702
Investment Management
$509,597

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect 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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.

Opportunity flags

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II
Admin total
$21.3M
$134 / participant
  • Investment mgmt$5M24.7%
  • Other / not subdivided$16M75.3%
% of EOY assets
0.226%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified