Retirement plan
CVS HEALTH CORPORATION LEGACY PENSION PLAN
CVS HEALTH CORPORATIONEIN 05-0494040Plan #027PY 2017
HR RETIREMENT BENEFITS, ONE CVS DRIVE, MC 1110 - WOONSOCKET, RI 02895401-770-7153cvshealth.comLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filingsProspect flagsHigh retiree %High cash
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROBERTA F. JOHNNENE
Signed 09/20/2018
Summary metrics
Total assets (EOY)
$1.3M
-1.3% from 2016
Total participants
126
+2.1% from 2016
Average account balance
$0
No prior year
Annual return
4.55%
+65.71 pp from 2016
Benchmarks
Peer group
Industry44 - Retail Trade
Plan typeDefined benefit
Participants<25
Cohort954 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $20,092
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $71,506
0
Admin fee / account holder
$0
median $67
26
Annual return
4.55%
median 7.83%
Overall peer rank
26of 100
26th 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 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
MERCER LLC3+ years Service code 15 · EIN 36-2668272 | Recordkeeping | $1,500,453 |
PIMCO3+ years Service code 28 · EIN 33-0239892 | Investment Management | $1,188,151 |
Service code 11 · EIN 13-3954297 | Actuarial | $1,064,221 |
AON HEWITT3+ years Service code 11 · EIN 36-2235791 | Actuarial | $942,664 |
JPMORGAN CHASE BANK, N.A.2 years Service code 21 · EIN 13-4994650 | Bank Trustee | $513,033 |
Service code 49 · EIN 22-3709903 | Other Services | $253,856 |
MOSS ADAMS LLP3+ years Service code 10 · EIN 91-0189318 | Accounting | $31,500 |
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
- OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$6.0M
- Investment mgmt$1M19.8%
- Other / not subdivided$5M80.2%
% of EOY assets
472.411%
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