Retirement plan
THE CCHS RETIREMENT PLAN
THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #001PY 2019
9500 EUCLID AVENUE AC-341 - CLEVELAND, OH 441950001216-448-0801LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filingsProspect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
TIMOTHY LONGVILLE
Signed 10/13/2020
Summary metrics
Total assets (EOY)
$1427.8M
+2.9% from 2016
Total participants
30,540
+4.8% from 2016
Average account balance
$0
No prior year
Annual return
27.53%
-3.89 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $181
0
Employer contribution / active EE
$0
median $5,091
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $69,208,052
0
Admin fee / account holder
$0
median $454,372
100
Annual return
27.53%
median 15.63%
Overall peer rank
100of 100
100th 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 28 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS LLC3 years Service code 15 PO BOX 95135 · CHICAGO, IL 606945135 | Recordkeeping | $920,060 |
THE BANK OF NEW YORK MELLON5+ years Service code 18 · EIN 13-5160382 | Custodial (securities); Custodial (ot... | $557,578 |
NISA INVESTMENT ADVISORS2 years Service code 28 · EIN 48-1140940 | Investment Management | $329,889 |
Service code 28 · EIN 20-8058531 | Investment Management | $314,642 |
WELLINGTON TRUST COMPANY5+ years Service code 28 · EIN 04-2755549 | Investment Management | $251,340 |
J P MORGAN INVESTMENT5+ years Service code 28 · EIN 13-3200244 | Investment Management | $138,959 |
1607 CAPITAL PARTNERS LLC5+ years Service code 28 · EIN 26-0529973 | Investment Management | $133,770 |
Service code 28 · EIN 33-0629048 | Investment Management | $128,638 |
WILLIS TOWERS WATSON2 years Service code 11 1001 LAKESIDE AVENUE · CLEVELAND, OH 441141172 | Actuarial | $121,280 |
WINDACRE PARTNERSHIP LLC1 year Service code 28 · EIN 46-2439914 | Investment Management | $117,324 |
Enrolled actuary
1 attachment
SB
DAVID M HAUER
WILLIS TOWERS WATSON US LLC
Enrollment #2006576
1001 LAKESIDE AVENUE, SUITE 1500
CLEVELAND, OH 441141172
(216) 937-4000
Signed 2020-10-02
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
1 tripped
- 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
$10.6M
$629 / participant
- Investment mgmt$4M33.8%
- Contract admin$1M11.2%
- Other / not subdivided$6M55.0%
% of EOY assets
0.741%
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