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Retirement plan

CVS HEALTH FUTURE FUND 401(K) PLAN

CVS HEALTH CORPORATIONEIN 05-0494040Plan #017PY 2021
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ONE CVS DRIVE, MAIL CODE 1110 - WOONSOCKET, RI 02895888-694-7287cvshealth.comLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#024Retirement-$14.2M assets
Prospect flagsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(888) 694-7287
Plan administrator signer
ROBERTA F. JOHNNENE
Signed 10/04/2022
How to read this page

Summary metrics

Total assets (EOY)
$28826.9M
-10.8% from 2016
Total participants
331,674
-6.3% from 2016
Average account balance
$135,442
-1.5% from 2016
Annual return
16.12%
-10.16 pp from 2016

Benchmarks

See 92 peers
Peer group
Industry44 - Retail Trade
Plan typeDefined contribution
Participants>=10,000
Cohort92 peers
Snapshot2021
Participant deferral / active EE
$3,660
median $1,565
Employer contribution / active EE
$1,981
median $641
Participation rate
56.5%
median 46.8%
Avg account balance
$135,442
median $49,373
Admin fee / account holder
$190
median $55
Annual return
16.12%
median 15.84%
Overall peer rank
64th 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 20 by compensation
ProviderService typeCompensation
VANGUARD ADVISERS, INC.1 year
Service code 26 · EIN 23-2811930
Advisory (Participants)
$15,236,441
THE VANGUARD GROUP, INC.3 years
Service code 15 · EIN 23-1945930
Recordkeeping
$5,979,836
T. ROWE PRICE7+ years
Service code 28 · EIN 52-0556949
Investment Management
$2,915,749
COLUMBIA MANAGEMENT INVESTMENT ADVI1 year
Service code 28 · EIN 13-3180631
Investment Management
$2,370,662
WELLINGTON MANAGEMENT1 year
Service code 28 · EIN 47-1167553
Investment Management
$2,127,711
MFS INSTITUTIONAL ADVISORS, INC.1 year
Service code 28 · EIN 04-3247425
Investment Management
$1,922,476
BARROW HANLEY GLOBAL INVESTORS1 year
Service code 28 · EIN 75-2403190
Investment Management
$1,763,006
THE BANK OF NEW YORK MELLON1 year
Service code 21 · EIN 13-5160382
Bank Trustee
$1,501,335
LOOMIS SAYLES2 years
Service code 28 · EIN 04-3200030
Investment Management
$1,319,190
DODGE & COX2 years
Service code 28 · EIN 94-1441976
Investment Management
$979,071

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

1 tripped
  • OpportunityLow participation

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

Expense breakdown

Schedule H Part II
Admin total
$40.4M
$148 / participant
  • Investment mgmt$34M84.7%
  • Contract admin$6M14.8%
  • Other / not subdivided$194K0.5%
% of EOY assets
0.140%
all-in expense ratio
Categories reported
2 / 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