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Retirement plan

CLEVELAND CLINIC 401(K) PLAN

THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #004PY 2024
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9500 EUCLID AVENUE AC-244 - CLEVELAND, OH 441950001216-448-0801LinkedIn1-10 employeesmedical practice
Other plans on this EIN
4 filings
#002Retirement-$9.21B assets#011Retirement-$1.77B assets#003Retirement-$1.62B assets#001Retirement-$1.04B assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(216) 448-0801
How to read this page

Summary metrics

Total assets (EOY)
$969.1M
No prior year
Total participants
11,295
No prior year
Average account balance
$90,801
No prior year
Annual return
0.00%
No prior year

Benchmarks

See 237 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort237 peers
Snapshot2024
Participant deferral / active EE
$5,396
median $3,813
Employer contribution / active EE
$1,562
median $1,589
Participation rate
92.6%
median 78.3%
Avg account balance
$90,801
median $56,899
Admin fee / account holder
$34
median $64
Annual return
0.00%
median 14.46%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.

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.

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 codes2E2F2G2J2R2S2T3D3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing 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.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
  • 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

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$358K
$43 / participant
  • Recordkeeping$245K68.4%
  • Investment mgmt$102K28.5%
  • Actuarial$11K3.2%
% of EOY assets
0.037%
all-in expense ratio
Categories reported
3 / 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
(not subdivided)
Opinion code
Unqualified