Retirement plan
CVS HEALTH CORPORATION LEGACY PENSION PLAN
CVS HEALTH CORPORATIONEIN 05-0494040Plan #027PY 2016
HR RETIREMENT BENEFITS, ONE CVS DRIVE, MAIL STOP 1110 - WOONSOCKET, RI 02895401-770-7153cvshealth.comLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
5 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROBERTA F. JOHNNENE
Signed 10/13/2017
Summary metrics
Total assets (EOY)
$623.6M
-1.3% from 2016
Total participants
14,805
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
6.45%
+65.71 pp from 2016
Benchmarks
Peer group
Industry44 - Retail Trade
Plan typeDefined benefit
Participants1,000-4,999
Cohort30 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $2,366
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $381,942,733
0
Admin fee / account holder
$0
median $2,655,710
59
Annual return
6.45%
median 6.28%
Overall peer rank
59of 100
59th percentileavg across 6 metrics
Analytics
2015 - 2017
Total assets (EOY)
Plan-year ending balance
$1.27M
Average account balance
Total assets / participants with a balance (line 6g)
$10K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
126
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$39.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.55%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PIMCO2+ years Service code 28 · EIN 33-0239892 | Investment Management | $1,549,349 |
AON HEWITT2+ years Service code 11 · EIN 36-2235791 | Actuarial | $1,323,839 |
BUCK CONSULTANTS, LLC2+ years Service code 11 · EIN 13-3954297 | Actuarial | $1,242,166 |
MERCER LLC2+ years Service code 15 · EIN 36-2668272 | Recordkeeping | $655,197 |
Service code 21 · EIN 13-4994650 | Bank Trustee | $440,184 |
Service code 22 · EIN 01-0233346 | Insurance Broker | $203,155 |
MOSS ADAMS LLP2+ years Service code 10 · EIN 91-0189318 | Accounting | $105,220 |
MELLON CAPITAL MANAGEMENT CORP.2+ years Service code 28 · EIN 25-6078093 | Investment Management | $13,584 |
Service code 17 · EIN 94-2850621 | Pension Consulting | $9,615 |
Plan features & details
Pension benefit codes1A1I
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
Opportunity flags
2 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$6.2M
$1781 / participant
- Investment mgmt$2M25.4%
- Other / not subdivided$5M74.6%
% of EOY assets
0.987%
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
- 910189318
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer