Retirement plan
OMNICARE GENERAL PENSION PLAN
CVS HEALTH CORPORATIONEIN 05-0494040Plan #030PY 2016
HR RETIREMENT BENEFITS, ONE CVS DRIVE - WOONSOCKET, RI 02895401-770-7153cvshealth.comLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
5 filingsProspect flagsHigh retiree %Low returnsHigh cash
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROBERTA F. JOHNNENE
Signed 09/26/2017
Summary metrics
Total assets (EOY)
$4.4M
+72.9% from 2016
Total participants
184
+123.4% from 2016
Average account balance
$0
No prior year
Annual return
-5.00%
+6.57 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort6,969 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $30,000
0
Participation rate
0.0%
median 69.0%
0
Avg account balance
$0
median $119,798
0
Admin fee / account holder
$0
median $18
3
Annual return
-5.00%
median 4.01%
Overall peer rank
3of 100
3rd percentileavg across 6 metrics
Analytics
2015 - 2017
Total assets (EOY)
Plan-year ending balance
$21K
Average account balance
Total assets / participants with a balance (line 6g)
$24K
Not enough data
2 years with per-participant data
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
184
Not enough data
2 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
Not enough data
0 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$550K
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-1.20%
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 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
BUCK CONSULTANTS, LLC1 year Service code 11 · EIN 13-3954297 | Actuarial | $228,156 |
JACKSON LEWIS P.C.1 year Service code 29 · EIN 46-3862389 | Legal | $29,556 |
Service code 21 · EIN 31-0841368 | Bank Trustee | $10,718 |
PLANTE & MORAN, PLLC1 year Service code 10 · EIN 38-1357951 | Accounting | $7,000 |
Enrolled actuary
1 attachment
SB
MERYL FEIGENBAUM
CONDUENT HR CONSULTING, LLC
Enrollment #1704720
500 PLAZA DRIVE
SECAUCUS, NJ 070961533
(201) 902-2300
Signed 2017-08-28
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
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- 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
$334K
- Contract admin$68K20.4%
- Other / not subdivided$266K79.6%
% of EOY assets
7.583%
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