Retirement plan
ERNST & YOUNG RETIREMENT SAVINGS PLAN
ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #112PY 2019
Other plans on this EIN
4 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. SPICCI
Signed 03/08/2021
Summary metrics
Total assets (EOY)
$10175.9M
-11.9% from 2016
Total participants
82,576
-5.8% from 2016
Average account balance
$130,170
-4.8% from 2016
Annual return
27.67%
-7.39 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants>=10,000
Cohort86 peers
Snapshot2019
86
Participant deferral / active EE
$10,003
median $5,175
72
Employer contribution / active EE
$2,877
median $1,819
68
Participation rate
91.4%
median 78.3%
80
Avg account balance
$130,170
median $55,498
49
Admin fee / account holder
$58
median $57
74
Annual return
27.67%
median 24.90%
Overall peer rank
72of 100
72nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$18.33B
Average account balance
Total assets / participants with a balance (line 6g)
$194K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
94,372
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.2%
Contributions (total)
Employer and participant dollars contributed each year
$1.06B
Contributions per participant
Average employer and participant contribution per enrolled participant
$19K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+19.67%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$51
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 50 · EIN 04-2647786 | Direct Payment | $4,505,525 |
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 codes2G2J2K3B3J
Plan features
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 3BPlan covering self-employed individualsPlan covering self-employed individuals.
- 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
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$4.5M
$88 / participant
- Other / not subdivided$5M100.0%
% of EOY assets
0.044%
all-in expense ratio
Categories reported
0 / 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