Retirement plan
NEIGHBORCARE, INC. UNION 401(K) PLAN
CVS HEALTH CORPORATIONEIN 05-0494040Plan #029PY 2015
ONE CVS DRIVE, HR RETIREMENT BENEFITS - WOONSOCKET, RI 02895401-770-6343cvshealth.comLinkedIn10001+ employeeshospital & health care
Prospect flagsHigh feesLow participation
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CANDACE JODICE
Signed 10/12/2016
Summary metrics
Total assets (EOY)
$1.6M
No prior year
Total participants
49
No prior year
Average account balance
$54,886
No prior year
Annual return
4.01%
+79.33 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants25-99
Cohort15,767 peers
Snapshot2015
39
Participant deferral / active EE
$1,843
median $2,477
28
Employer contribution / active EE
$650
median $1,557
22
Participation rate
44.1%
median 82.7%
59
Avg account balance
$54,886
median $39,880
6
Admin fee / account holder
$18,507
median $1,383
90
Annual return
4.01%
median -1.12%
Overall peer rank
41of 100
41st 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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Plan features & details
Pension benefit codes3D2E2F2G2J2K2T3H
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).
- 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.
- 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.
- 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.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Expense breakdown
Schedule H Part II
Admin total
$555K
$16329 / participant
- Other / not subdivided$555K100.0%
% of EOY assets
33.719%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
No opinion code on file for this filing.
- Auditor firm
- (not reported)
- Auditor EIN
- -
- Audit fees
- (not subdivided)
- Opinion code
- -