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Retirement plan

ERNST & YOUNG PARTNERSHIP DEFINED BENEFIT PLAN

ERNST & YOUNG US LLPEIN 34-6565596Plan #113PY 2015
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200 PLAZA SUITE - SECAUCUS, NJ 07094201-872-2200LinkedIn10001+ employeesaccounting
Other plans on this EIN
3 filings
#112Retirement-$5.47B assets#111Retirement-$3.88B assets#001Retirement-$1.73B assets
Prospect flagsHigh retiree %

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 10/14/2016
Plan administrator entity
ERNST & YOUNG RETIREMENT COMMITTEE
EIN 341221920
200 PLAZA DRIVE · SECAUCUS, NJ 07094
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Summary metrics

Total assets (EOY)
$2886.6M
-7.4% from 2016
Total participants
7,168
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
-1.60%
-12.36 pp from 2016

Benchmarks

See 984 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort984 peers
Snapshot2015
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$93,566
median $7,179
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $14,096,330
Admin fee / account holder
$0
median $66,276
Annual return
-1.60%
median -1.40%
Overall peer rank
62nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.02B
Average account balance
Total assets / participants with a balance (line 6g)
$802K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
55
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
$233.90M
Contributions per participant
Average employer and participant contribution per enrolled participant
$63K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.72%
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 4 by compensation
ProviderService typeCompensation
GRANTHAM,MAYO,VAN OTTERLOO&CO. LLC1+ years
Service code 52
Indirect Investment Fees
$528,123
CAUSEWAY CAPITAL MANAGEMENT LLC1+ years
Service code 51 · EIN 04-6987758
Investment Mgmt Fees
$147,866
MERCATOR ASSET MANAGEMENT LP1+ years
Service code 51 · EIN 02-6126955
Investment Mgmt Fees
$28,516
GRANTHAM,MAYO,VAN OTTERLOO & CO.1+ years
Service code 52 · EIN 04-2691242
Indirect Investment Fees
$7,859

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.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1D
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 1D
    Floor-offset plan
    Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.

Opportunity flags

1 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$184K
$62 / participant
  • Investment mgmt$184K100.0%
% of EOY assets
0.006%
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