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Retirement plan

ERNST & YOUNG PARTNERSHIP RETIREMENT (HR-10) PLAN

ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #001PY 2022
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200 PLAZA DRIVE - SECAUCUS, NJ 07094201-872-2200LinkedIn10001+ employeesaccounting
Other plans on this EIN
4 filings
#112Retirement-$12.40B assets#114Retirement-$3.43B assets#113Retirement-$2.54B assets#111Retirement-$2.15B assets
Prospect flagsHigh retiree %Low returnsHigh assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(201) 872-2200
Plan administrator signer
SEAN O'DONNELL
Signed 10/13/2023
How to read this page

Summary metrics

Total assets (EOY)
$2170.9M
-6.4% from 2016
Total participants
4,091
-2.8% from 2016
Average account balance
$530,663
No prior year
Annual return
-20.91%
-9.99 pp from 2016

Benchmarks

See 900 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort900 peers
Snapshot2022
Participant deferral / active EE
$0
median $7,822
Employer contribution / active EE
$36,891
median $2,594
Participation rate
100.0%
median 91.5%
Avg account balance
$530,663
median $63,987
Admin fee / account holder
$0
median $91
Annual return
-20.91%
median -14.97%
Overall peer rank
78th 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

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 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.

Open the filing PDF

Plan features & details

Pension benefit codes2E3B3J3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 3B
    Plan covering self-employed individuals
    Plan covering self-employed individuals.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.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.

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BDO USA,P.C.
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified