Retirement plan
ERNST & YOUNG DEFINED BENEFIT RETIREMENT PLAN
ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #111PY 2015
Other plans on this EIN
3 filingsProspect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. SPICCI
Signed 10/13/2016
Plan administrator entity
ERNST & YOUNG RETIREMENT COMMITTEE
EIN 341221920
Summary metrics
Total assets (EOY)
$3880.2M
+3.3% from 2016
Total participants
62,067
+7.2% from 2016
Average account balance
$0
No prior year
Annual return
-4.21%
-11.10 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort209 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $28
36
Employer contribution / active EE
$4,470
median $5,273
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
6
Annual return
-4.21%
median -0.88%
Overall peer rank
21of 100
21st percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.41B
Average account balance
Total assets / participants with a balance (line 6g)
$52K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,202
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$189.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-0.33%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 52 | Indirect Investment Fees | $592,859 |
CAUSEWAY CAPITAL MANAGEMENT LLC1+ years Service code 51 · EIN 04-6987758 | Investment Mgmt Fees | $246,325 |
Service code 52 · EIN 04-2691242 | Indirect Investment Fees | $31,591 |
MERCATOR ASSET MANAGEMENT LP1+ years Service code 51 · EIN 02-6126955 | Investment Mgmt Fees | $26,505 |
JPMORGAN CHASE BANK N.A.1+ years Service code 51 · EIN 13-6353795 | Investment Mgmt Fees | $12,590 |
Enrolled actuary
1 attachment
SB
ADAM S. BERK
ERNST & YOUNG LLP
Enrollment #1405541
1401 MCKINNEY STREET
HOUSTON, TX 77010
(713) 750-4995
Signed 2016-09-30
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 codes1A1C1D
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1DFloor-offset planDefined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
Opportunity flags
1 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$318K
$11 / participant
- Investment mgmt$318K100.0%
% of EOY assets
0.008%
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
- MCCONNELL & JONES LLP
- Auditor EIN
- 760488832
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified