PlanOptica
Retirement plan

ERNST & YOUNG INACTIVE DEFINED BENEFIT RETIREMENT PLAN

ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #114PY 2020
Sign in to saveView 5500 PDF
200 PLAZA DRIVE - SECAUCUS, NJ 07094201-872-2200LinkedIn10001+ employeesaccounting
Other plans on this EIN
4 filings
#112Retirement-$12.82B assets#113Retirement-$3.04B assets#001Retirement-$2.67B assets#111Retirement-$2.41B assets
Prospect flagsWind-down / frozen

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)
$5064.1M
+4.1% from 2018
Total participants
35,334
-8.3% from 2018
Average account balance
$0
No prior year
Annual return
28.56%
-2.04 pp from 2018

Benchmarks

See 7,521 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort7,521 peers
Snapshot2020
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $28,595
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $142,028
Admin fee / account holder
$0
median $181
Annual return
28.56%
median 7.80%
Overall peer rank
86th percentileavg across 6 metrics

Analytics

2017 - 2024
Total assets (EOY)
Plan-year ending balance
$2.16B
Average account balance
Total assets / participants with a balance (line 6g)
$56K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
38,877
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
Not enough data
0 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$241K
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.37%
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 10 of 12 by compensation
ProviderService typeCompensation
FIAM LLC3 years
Service code 50 · EIN 20-1733361
Direct Payment
$660,090
JENNISON ASSOCIATES LLC3 years
Service code 51 · EIN 22-2540245
Investment Mgmt Fees
$481,746
LEGAL & GEN'L INVESTMT MGMT AMERICA3 years
Service code 50 · EIN 20-8058531
Direct Payment
$460,671
MONDRIAN INVESTMENT GROUP US, INC.3 years
Service code 51 · EIN 20-3584794
Investment Mgmt Fees
$378,914
BLACKROCK INSTITUTIONAL TRUST CO3 years
Service code 28 · EIN 94-3112180
Investment Management
$342,298
IR&M LONG GOV'T CREDIT FUND LLC3 years
Service code 50 · EIN 27-4823991
Direct Payment
$282,972
WELLINGTON MANAGEMENT COMPANY4+ years
Service code 51 · EIN 30-0835489
Investment Mgmt Fees
$282,562
NISA INVESTMENT ADVISORS, LLC3 years
Service code 50 · EIN 48-1140940
Direct Payment
$273,307
CAUSEWAY CAPITAL MANAGEMENT LLC4+ years
Service code 51 · EIN 04-6987758
Investment Mgmt Fees
$265,922
WESTERN ASSET MANAGEMENT CO.3 years
Service code 51 · EIN 20-2721676
Investment Mgmt Fees
$101,689

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
  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$6.4M
  • Investment mgmt$4M57.2%
  • Other / not subdivided$3M42.8%
% of EOY assets
0.127%
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