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Retirement plan

THE CLEVELAND CLINIC FOUNDATION CASH BALANCE PLAN

THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #003PY 2015
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9500 EUCLID AVENUE, C/O STAFF BENEFITS P38 - CLEVELAND, OH 44195216-448-0400LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filings
#002Retirement-$3.42B assets#001Retirement-$1.23B assets#011Retirement-$485.7M assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
STEVEN C. GLASS
Signed 10/11/2016
(216) 448-0400
How to read this page

Summary metrics

Total assets (EOY)
$655.1M
-8.3% from 2016
Total participants
4,989
-3.0% from 2016
Average account balance
$142,343
-5.5% from 2016
Annual return
0.53%
-6.03 pp from 2016

Benchmarks

See 1,197 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants1,000-4,999
Cohort1,197 peers
Snapshot2015
Participant deferral / active EE
$0
median $1,890
Employer contribution / active EE
$11,767
median $768
Participation rate
90.4%
median 72.8%
Avg account balance
$142,343
median $28,331
Admin fee / account holder
$147
median $34
Annual return
0.53%
median 0.58%
Overall peer rank
62nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.62B
Average account balance
Total assets / participants with a balance (line 6g)
$254K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,386
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.4%
Contributions (total)
Employer and participant dollars contributed each year
$87.94M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.91%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$262
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 15 by compensation
ProviderService typeCompensation
KEY PRIVATE BANK1+ years
Service code 26 · EIN 34-0797057
Advisory (Participants)
$378,560
BEACON FINANCIAL ADVISORS LLC1+ years
Service code 26 · EIN 47-2589461
Advisory (Participants)
$45,985
RAV FINANCIAL SERVICES1+ years
Service code 26 · EIN 20-2624241
Advisory (Participants)
$43,935
CLEVELAND CLINIC1+ years
Service code 14 · EIN 34-0714585
Plan Administrator
$29,017
CAPITAL ANALYSTS INC1+ years
Service code 26 · EIN 45-4846725
Advisory (Participants)
$26,643
POTOMAC FUND MANAGEMENT INC1+ years
Service code 26 · EIN 52-1542454
Advisory (Participants)
$24,816
WEALTHTRUST FAIRPORT LLC1+ years
Service code 26 · EIN 34-1840121
Advisory (Participants)
$23,877
CLS INVESTMENTS LLC1+ years
Service code 26 · EIN 32-0070947
Advisory (Participants)
$18,217
REED FINANCIAL SERVICES INC1+ years
Service code 26 · EIN 35-3740000
Advisory (Participants)
$17,861
LARSON FINANCIAL GROUP LLC1+ years
Service code 26 · EIN 20-4773945
Advisory (Participants)
$16,938

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 codes2C2F2G2R3H
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the 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

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$676K
$168 / participant
  • Investment mgmt$676K100.0%
% of EOY assets
0.103%
all-in expense ratio
Categories reported
1 / 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 PC
Auditor EIN
431947695
Audit fees
(not subdivided)
Opinion code
Disclaimer