Retirement plan
ERNST & YOUNG PARTNERSHIP DEFINED BENEFIT RETIREMENT PLAN
ERNST & YOUNG US LLPEIN 34-6565596Plan #113PY 2016
Other plans on this EIN
3 filingsProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. SPICCI
Signed 10/16/2017
Summary metrics
Total assets (EOY)
$3115.8M
-7.4% from 2016
Total participants
7,088
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
10.76%
-12.36 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort1,190 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $5
79
Employer contribution / active EE
$43,461
median $8,029
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $381,942,733
0
Admin fee / account holder
$0
median $2,655,710
94
Annual return
10.76%
median 6.50%
Overall peer rank
86of 100
86th 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
| Provider | Service type | Compensation |
|---|---|---|
Service code 51 | Investment Mgmt Fees | $511,235 |
CAUSEWAY CAPITAL MANAGEMENT LLC2+ years Service code 51 · EIN 04-6987758 | Investment Mgmt Fees | $343,000 |
Service code 51 · EIN 20-3583794 | Investment Mgmt Fees | $72,842 |
Service code 51 · EIN 04-2691242 | Investment Mgmt Fees | $4,152 |
Enrolled actuary
1 attachment
SB
ADAM S. BERK
ERNST & YOUNG LLP
Enrollment #1405541
1401 MCKINNEY STREET
HOUSTON, TX 77010
(713) 750-4995
Signed 2017-10-04
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
- 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
$420K
$125 / participant
- Investment mgmt$420K100.0%
% of EOY assets
0.013%
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