Retirement plan
THE CCHS RETIREMENT PLAN
THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #001PY 2015
9500 EUCLID AVENUE AC-341 - CLEVELAND, OH 441950001216-448-0400LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$1227.9M
+2.9% from 2016
Total participants
35,447
+4.8% from 2016
Average account balance
$0
No prior year
Annual return
-0.62%
-3.89 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $79
48
Employer contribution / active EE
$4,637
median $4,628
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
66
Annual return
-0.62%
median -1.09%
Overall peer rank
57of 100
57th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.04B
Average account balance
Total assets / participants with a balance (line 6g)
$43K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
12,506
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$3.17M
Contributions per participant
Average employer and participant contribution per enrolled participant
$268
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.13%
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 10 of 20 by compensation
| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC INVESTMENT GROUP1+ years Service code 16 · EIN 52-1540171 | Consulting | $1,720,162 |
OXAM QUANT FUND1+ years Service code 28 | Investment Management | $426,932 |
NUMERIC INVESTORS LLC1+ years Service code 28 · EIN 04-3068821 | Investment Management | $422,310 |
ELLINGTON MANAGMENT GROUP, LLC1+ years Service code 28 · EIN 06-1441140 53 FOREST AVE · OLD GREENWICH, CT 06870 | Investment Management | $298,896 |
THE BANK OF NEW YORK MELLON1+ years Service code 18 · EIN 13-5160382 | Custodial (other than securities); Cu... | $294,883 |
PANAGORA ASSET MANAGEMENT1+ years Service code 28 · EIN 04-3063840 | Investment Management | $244,359 |
ARROWSTREET CAPITAL, LIMITED1+ years Service code 28 · EIN 04-3472863 | Investment Management | $197,147 |
BOGLE INVESTMENT MANAGEMENT, LP1+ years Service code 28 · EIN 04-3479127 | Investment Management | $162,706 |
WELLINGTON TRUST COMPANY1+ years Service code 28 · EIN 04-2767481 | Investment Management | $146,312 |
MARATHON LONDON ASSET MANAGEMENT1+ years Service code 28 | Investment Management | $141,563 |
Enrolled actuary
1 attachment
SB
DAVID M. HAUER
TOWERS WATSON DELAWARE INC.
Enrollment #1406576
1001 LAKESIDE AVENUE, SUITE 1500
CLEVELAND, OH 441141172
(216) 937-4000
Signed 2016-10-03
Reportable transactions (Schedule G)
7 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | GLITNIR HF 144A | — | — | — |
| Part 1 Loan in default | GLITNIR HF 144A | — | — | — |
| Part 1 Loan in default | GLITNIR HF 144A | — | — | — |
| Part 1 Loan in default | KAUPTHING BANK HF 144A | — | — | — |
| Part 1 Loan in default | KAUPTHING BANK HF 144A | — | — | — |
| Part 1 Loan in default | LBI HF 144A | — | — | — |
| Part 1 Loan in default | 1839688 ALBERTA ULC | — | — | — |
Top hat statement on fileNQDC
Filed December 23, 1992
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1A1C3H
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).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$10.6M
$492 / participant
- Investment mgmt$1M14.0%
- Contract admin$3M32.5%
- Other / not subdivided$6M53.5%
% of EOY assets
0.865%
all-in expense ratio
Categories reported
2 / 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
- MAYER HOFFMAN MCCANN P.C.
- Auditor EIN
- 431947695
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer