PlanOptica
Retirement plan

THE CCHS RETIREMENT PLAN

THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #001PY 2017
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9500 EUCLID AVENUE AC-341 - CLEVELAND, OH 441950001216-448-2247LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filings
#002Retirement-$4.56B assets#003Retirement-$854.0M assets#011Retirement-$745.8M assets
Prospect flagsLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(216) 448-2247
Plan administrator signer
STEVEN C. GLASS
Signed 10/11/2018
How to read this page

Summary metrics

Total assets (EOY)
$1208.6M
+2.9% from 2016
Total participants
32,138
+4.8% from 2016
Average account balance
$0
No prior year
Annual return
9.06%
-3.89 pp from 2016

Benchmarks

See 31 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
Participant deferral / active EE
$0
median $107
Employer contribution / active EE
$0
median $5,439
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $14,491,905
Admin fee / account holder
$0
median $81,210
Annual return
9.06%
median 14.12%
Overall peer rank
3rd 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 30 by compensation
ProviderService typeCompensation
ELLINGTON MANAGEMENT GROUP, LLC2 years
Service code 28 · EIN 06-1441140
Investment Management
$1,670,474
STRATEGIC INVESTMENT GROUP3+ years
Service code 16 · EIN 52-1540171
Consulting
$1,247,137
NUMERIC INVESTORS LLC3+ years
Service code 28 · EIN 04-3068821
Investment Management
$1,067,692
ALIGHT SOLUTIONS LLC1 year
Service code 15 · EIN 82-1061233
Recordkeeping
$338,345
ARROWSTREET CAPITAL, LIMITED3+ years
Service code 28 · EIN 04-3472863
Investment Management
$285,766
WELLINGTON TRUST COMPANY3+ years
Service code 28 · EIN 04-2755549
Investment Management
$236,086
LOOMIS SAYLES & COMPANY, LP3+ years
Service code 28 · EIN 04-3200030
Investment Management
$199,421
TRUST COMPANY OF THE WEST1 year
Service code 27 · EIN 46-5327366
Advisory (Plan)
$126,766
THE BANK OF NEW YORK MELLON3+ years
Service code 18 · EIN 13-5160382
Custodial (securities); Custodial (ot...
$120,530
1607 CAPITAL PARTNERS LLC3+ years
Service code 28 · EIN 26-0529973
Investment Management
$118,856

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 2018-10-05

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.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • 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
$11.0M
$588 / participant
  • Investment mgmt$4M32.2%
  • Contract admin$546K5.0%
  • Other / not subdivided$7M62.8%
% of EOY assets
0.907%
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