Retirement plan
THE CCHS RETIREMENT PLAN
THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #001PY 2023
9500 EUCLID AVENUE AC-244 - 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 10/07/2024
Summary metrics
Total assets (EOY)
$1099.8M
+2.9% from 2016
Total participants
25,398
+4.8% from 2016
Average account balance
$0
No prior year
Annual return
7.98%
-3.89 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $12
0
Employer contribution / active EE
$0
median $5,926
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
45
Annual return
7.98%
median 8.27%
Overall peer rank
45of 100
45th 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 #2306576
1001 LAKESIDE AVENUE, SUITE 1500
CLEVELAND, OH 441141172
(216) 937-4000
Signed 2024-09-18
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
$5.8M
$457 / participant
- Trustee / custodial$174K3.0%
- Investment mgmt$2K0.0%
- Actuarial$97K1.7%
- Contract admin$1M17.6%
- Other / not subdivided$4M77.6%
% of EOY assets
0.523%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- CBIZ CPAS P.C
- Auditor EIN
- 431947695
- Audit fees
- $30,450
- Opinion code
- Unqualified