Retirement plan
ERNST & YOUNG PARTNERSHIP RETIREMENT (HR-10) PLAN
ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #001PY 2021
Other plans on this EIN
4 filingsProspect flagsHigh retiree %Low returnsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. SPICCI
Signed 12/22/2022
Summary metrics
Total assets (EOY)
$2860.8M
-6.4% from 2016
Total participants
4,200
-2.8% from 2016
Average account balance
$681,137
No prior year
Annual return
10.83%
-9.99 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort813 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $7,331
92
Employer contribution / active EE
$33,722
median $2,378
97
Participation rate
100.0%
median 90.6%
100
Avg account balance
$681,137
median $80,264
81
Admin fee / account holder
$20
median $91
3
Annual return
10.83%
median 17.70%
Overall peer rank
74of 100
74th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.54B
Average account balance
Total assets / participants with a balance (line 6g)
$650K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,902
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
100.0%
Contributions (total)
Employer and participant dollars contributed each year
$64.78M
Contributions per participant
Average employer and participant contribution per enrolled participant
$45K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.63%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$27
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CAUSEWAY CAPITAL MANAGEMENT LLC7+ years Service code 57 · EIN 04-6987758 | Other investment fees and expenses; R... | $74,519 |
Service code 72 1105 N. MARKET STREET · WILMINGTON, DE 19801 | Other investment fees and expenses | $11,250 |
Top hat statement on fileNQDC
Filed July 19, 1991
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 codes2E3B3J3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 3BPlan covering self-employed individualsPlan covering self-employed individuals.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
- 3JU.S.-based Puerto Rico dual-qualified planU.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.
Opportunity flags
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$86K
$39 / participant
- Investment mgmt$86K100.0%
% of EOY assets
0.003%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BDO USA, LLP
- Auditor EIN
- 135381590
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified