Retirement plan
THE CCHS RETIREMENT PLAN
THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #001PY 2021
9500 EUCLID AVENUE AC-244 - CLEVELAND, OH 441950001216-448-0801LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filingsProspect flagsLow returnsLow employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
TIMOTHY LONGVILLE
Signed 10/13/2022
Summary metrics
Total assets (EOY)
$1446.5M
+2.9% from 2016
Total participants
27,806
+4.8% from 2016
Average account balance
$0
No prior year
Annual return
1.22%
-3.89 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort206 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $81
9
Employer contribution / active EE
$1,164
median $6,074
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
5
Annual return
1.22%
median 11.59%
Overall peer rank
7of 100
7th 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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
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 2022-09-22
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
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$3.8M
$263 / participant
- Investment mgmt$115K3.1%
- Contract admin$950K25.2%
- Other / not subdivided$3M71.8%
% of EOY assets
0.261%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MAYER HOFFMAN MCCANN P.C.
- Auditor EIN
- 431947695
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified