PlanOptica
Retirement plan

ERNST & YOUNG PARTNERSHIP DEFINED BENEFIT RETIREMENT PLAN

ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #113PY 2020
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200 PLAZA DRIVE - SECAUCUS, NJ 07094201-872-2200LinkedIn10001+ employeesaccounting
Other plans on this EIN
4 filings
#112Retirement-$12.82B assets#114Retirement-$5.06B assets#001Retirement-$2.67B assets#111Retirement-$2.41B assets
Prospect flagsLow participation

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 11/09/2022
How to read this page

Summary metrics

Total assets (EOY)
$3037.2M
-7.4% from 2016
Total participants
3,699
+1.1% from 2016
Average account balance
$0
No prior year
Annual return
10.89%
-12.36 pp from 2016

Benchmarks

See 977 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort977 peers
Snapshot2020
Participant deferral / active EE
$0
median $1
Employer contribution / active EE
$95,197
median $8,530
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
10.89%
median 11.94%
Overall peer rank
38th 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 2 by compensation
ProviderService typeCompensation
CAUSEWAY CAPITAL MANAGEMENT LLC6+ years
Service code 51 · EIN 04-6987758
Investment Mgmt Fees
$210,364
MONDRIAN INVESTMENT GROUP(US), INC1 year
Service code 51
1105 N. MARKET STREET · WILMINGTON, DE 19801
Investment Mgmt Fees
$182,376

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.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1D3J
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.
  • 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
  • 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
$393K
$112 / participant
  • Investment mgmt$393K100.0%
% 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
BDO USA, LLP
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified