Retirement plan
ERNST & YOUNG DEFINED BENEFIT RETIREMENT PLAN
ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #111PY 2020
Other plans on this EIN
4 filingsProspect flagsLow participation
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. SPICCI
Signed 11/09/2022
Summary metrics
Total assets (EOY)
$2414.4M
+3.3% from 2016
Total participants
40,276
+7.2% from 2016
Average account balance
$0
No prior year
Annual return
9.63%
-11.10 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $23
36
Employer contribution / active EE
$5,956
median $5,975
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
27
Annual return
9.63%
median 12.84%
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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CAUSEWAY CAPITAL MANAGEMENT LLC6+ years Service code 51 · EIN 04-6987758 | Investment Mgmt Fees | $181,044 |
Service code 51 1105 N. MARKET STREET · WILMINGTON, DE 19801 | Investment Mgmt Fees | $161,932 |
Enrolled actuary
1 attachment
SB
ADAM S. BERK
ERNST & YOUNG LLP
Enrollment #2005541
1401 MCKINNEY STREET
HOUSTON, TX 77010
(713) 750-4995
Signed 2021-10-13
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 codes1A1C1D3J
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.
- 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
1 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Expense breakdown
Schedule H Part II
Admin total
$343K
$9 / participant
- Investment mgmt$343K100.0%
% of EOY assets
0.014%
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