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Retirement plan

CLEVELAND CLINIC INVESTMENT PENSION PLAN

THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #011PY 2015
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9500 EUCLID AVENUE AC-341 - CLEVELAND, OH 44195216-448-0400LinkedIn1-10 employeesmedical practice
Other plans on this EIN
3 filings
#002Retirement-$3.42B assets#001Retirement-$1.23B assets#003Retirement-$655.1M assets
Prospect flagsLow returnsLow assets / participant

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)
$485.7M
-17.2% from 2016
Total participants
43,218
-3.4% from 2016
Average account balance
$11,544
-13.5% from 2016
Annual return
0.17%
-7.32 pp from 2016

Benchmarks

See 182 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort182 peers
Snapshot2015
Participant deferral / active EE
$0
median $2,716
Employer contribution / active EE
$1,992
median $1,045
Participation rate
97.1%
median 71.6%
Avg account balance
$11,544
median $41,617
Admin fee / account holder
$2
median $28
Annual return
0.17%
median 1.22%
Overall peer rank
54th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.77B
Average account balance
Total assets / participants with a balance (line 6g)
$24K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
72,743
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.1%
Contributions (total)
Employer and participant dollars contributed each year
$170.17M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.27%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$29
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 6 by compensation
ProviderService typeCompensation
STRATEGIC WEALTH PARTNERS1+ years
Service code 26 · EIN 26-2328809
Advisory (Participants)
$23,026
THE CLEVELAND CLINIC FOUNDATION1+ years
Service code 14 · EIN 34-0714585
Plan Administrator
$21,025
CLS INVESTMENTS LLC1+ years
Service code 26 · EIN 32-0070947
Advisory (Participants)
$17,118
POTOMAC FUND MANAGEMENT, INC.1+ years
Service code 26 · EIN 52-1542454
Advisory (Participants)
$6,304
FLEXIBLE PLAN INVESTMENTS1+ years
Service code 26 · EIN 38-2340348
Advisory (Participants)
$5,415
FIDELITY INVESTMENTS1+ years
Service code 60
Sub-TA Fees
$0

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 codes2A2E2F2G2R3H
Plan features
  • 2A
    Age/service weighted or new comparability plan
    Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
  • 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.
  • 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

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$102K
$3 / participant
  • Investment mgmt$102K100.0%
% of EOY assets
0.021%
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