Retirement plan
THE CCHS RETIREMENT PLAN
THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #001PY 2016
9500 EUCLID AVENUE AC-341 - CLEVELAND, OH 441950001216-448-2247LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filingsProspect flagsLow returnsLow participationWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STEVEN C. GLASS
Signed 10/12/2017
Summary metrics
Total assets (EOY)
$1193.1M
+2.9% from 2016
Total participants
33,838
+4.8% from 2016
Average account balance
$0
No prior year
Annual return
3.28%
-3.89 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort33 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $149
0
Employer contribution / active EE
$0
median $6,053
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
16
Annual return
3.28%
median 5.65%
Overall peer rank
8of 100
8th 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 GROUP2+ years Service code 16 · EIN 52-1540171 | Consulting | $1,197,945 |
NUMERIC INVESTORS LLC2+ years Service code 28 · EIN 04-3068821 | Investment Management | $364,385 |
Service code 28 · EIN 06-1441140 | Investment Management | $276,708 |
Service code 28 · EIN 04-3479127 | Investment Management | $254,114 |
OXAM QUANT FUND2+ years Service code 28 | Investment Management | $190,977 |
THE BANK OF NEW YORK MELLON2+ years Service code 18 · EIN 13-5160382 | Custodial (securities); Custodial (ot... | $171,627 |
WELLINGTON TRUST COMPANY2+ years Service code 28 · EIN 04-2767481 | Investment Management | $171,341 |
ARROWSTREET CAPITAL, LIMITED2+ years Service code 28 · EIN 04-3472863 | Investment Management | $164,272 |
SERIES BB, SUB-SERIES 01-161 year Service code 28 888 SEVENTH AVENUE · NEW YORK, NY 10019 | Investment Management | $126,485 |
PANAGORA ASSET MANAGEMENT2+ years Service code 28 · EIN 04-3063840 | Investment Management | $120,087 |
Enrolled actuary
1 attachment
SB
DAVID M HAUER
TOWERS WATSON DELAWARE INC.
Enrollment #1706576
1001 LAKESIDE AVENUE, SUITE 1500
CLEVELAND, OH 441141172
(216) 937-4000
Signed 2017-09-21
Reportable transactions (Schedule G)
1 row
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 | 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
3 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$9.7M
$483 / participant
- Investment mgmt$2M18.4%
- Contract admin$3M30.7%
- Other / not subdivided$5M50.9%
% of EOY assets
0.816%
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