Retirement plan
OMNICARE EMPLOYEES SAVINGS AND INVESTMENT PLAN
CVS HEALTH CORPORATIONEIN 05-0494040Plan #028PY 2015
ONE CVS DRIVE, HR RETIREMENT BENEFITS - WOONSOCKET, RI 02895401-770-6343cvshealth.comLinkedIn10001+ employeeshospital & health care
Prospect flagsLow participationFailed to transmit contributionsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CANDACE JODICE
Signed 10/17/2016
Summary metrics
Total assets (EOY)
$523.3M
No prior year
Total participants
14,731
No prior year
Average account balance
$62,453
No prior year
Annual return
3.59%
+91.09 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort182 peers
Snapshot2015
49
Participant deferral / active EE
$2,814
median $2,716
29
Employer contribution / active EE
$564
median $1,045
20
Participation rate
44.3%
median 71.6%
83
Avg account balance
$62,453
median $41,617
27
Admin fee / account holder
$53
median $28
82
Annual return
3.59%
median 1.22%
Overall peer rank
48of 100
48th percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
SCHWAB RETIREMENT PLAN SERVICES1+ years Service code 15 · EIN 34-1479833 | Recordkeeping | $406,359 |
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782 | Float revenue; Direct payment from th... | $27,477 |
PLANTE & MORAN1+ years Service code 10 · EIN 38-1357951 | Accounting | $19,115 |
MORGAN STANLEY1+ years Service code 28 · EIN 26-4310632 | Investment Management | $14,000 |
CHARLES SCHWAB BANK1+ years Service code 25 · EIN 42-1558009 | Directed Trustee | $847 |
Service code 59 | Shareholder Servicing | $0 |
Plan features & details
Pension benefit codes3H2F2H2J2K2E2R3I2T2P
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2PLeveraged ESOPEmployee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3IEmployer securities investment requiredPlan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.
Opportunity flags
3 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).
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$445K
$39 / participant
- Investment mgmt$19K4.4%
- Other / not subdivided$426K95.6%
% of EOY assets
0.085%
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
- PLANTE & MORAN, PLLC
- Auditor EIN
- 381357951
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer