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Retirement plan

ERNST & YOUNG RETIREMENT SAVINGS PLAN

ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #112PY 2020
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200 PLAZA DRIVE - SECAUCUS, NJ 07094201-872-2200LinkedIn10001+ employeesaccounting
Other plans on this EIN
4 filings
#114Retirement-$5.06B assets#113Retirement-$3.04B assets#001Retirement-$2.67B assets#111Retirement-$2.41B assets
Prospect flagsFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(201) 872-2200
Plan administrator signer
MICHAEL J. SPICCI
Signed 10/28/2022
How to read this page

Summary metrics

Total assets (EOY)
$12816.3M
-11.9% from 2016
Total participants
84,298
-5.8% from 2016
Average account balance
$157,460
-4.8% from 2016
Annual return
26.07%
-7.39 pp from 2016

Benchmarks

See 82 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants>=10,000
Cohort82 peers
Snapshot2020
Participant deferral / active EE
$10,975
median $6,199
Employer contribution / active EE
$3,214
median $1,954
Participation rate
94.3%
median 79.3%
Avg account balance
$157,460
median $78,429
Admin fee / account holder
$60
median $58
Annual return
26.07%
median 17.90%
Overall peer rank
73rd 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
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years
Service code 50 · EIN 04-2647786
Direct Payment
$4,864,209

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 codes2G2J2K3B3J
Plan features
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 3B
    Plan covering self-employed individuals
    Plan covering self-employed individuals.
  • 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

1 tripped
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II
Admin total
$4.9M
$95 / participant
  • Investment mgmt$5M100.0%
% of EOY assets
0.038%
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