Retirement plan
CVS HEALTH PUERTO RICO SAVINGS PLAN
CVS HEALTH CORPORATIONEIN 05-0494040Plan #024PY 2015
ATTN HR RETIREMENT, ONE CVS DRIVE - WOONSOCKET, RI 02895401-770-6343cvshealth.comLinkedIn10001+ employeeshospital & health care
Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CANDACE JODICE
Signed 10/04/2016
Summary metrics
Total assets (EOY)
$3.3M
-24.9% from 2016
Total participants
638
-2.7% from 2016
Average account balance
$14,011
-16.8% from 2016
Annual return
-0.58%
-8.70 pp from 2016
Benchmarks
Peer group
Industry44 - Retail Trade
Plan typeDefined contribution
Participants250-999
Cohort1,098 peers
Snapshot2015
18
Participant deferral / active EE
$758
median $1,731
58
Employer contribution / active EE
$597
median $389
18
Participation rate
30.7%
median 62.9%
16
Avg account balance
$14,011
median $29,532
22
Admin fee / account holder
$135
median $46
43
Annual return
-0.58%
median -0.34%
Overall peer rank
29of 100
29th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$10.96M
Average account balance
Total assets / participants with a balance (line 6g)
$58K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
190
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
28.7%
Contributions (total)
Employer and participant dollars contributed each year
$881K
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.54%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$120
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ORIENTAL GROUP TRUST1+ years Service code 14 1900 NW CORPORATE BLVD · BOCA RATON, FL 33431 | Plan Administrator | $27,015 |
Plan features & details
Pension benefit codes2E2G3C
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2GTotal participant-directed account planParticipants 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.
- 3CPlan not intended to be qualifiedA plan not intended to be qualified under Code sections 401 403 or 408.
Opportunity flags
5 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$31K
$54 / participant
- Contract admin$31K100.0%
% of EOY assets
0.967%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- MOSS-ADAMS LLP
- Auditor EIN
- 940189318
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer