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Retirement plan

ERNST & YOUNG INACTIVE DEFINED BENEFIT RETIREMENT PLAN

ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #114PY 2021
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200 PLAZA DRIVE - SECAUCUS, NJ 07094201-872-2200LinkedIn10001+ employeesaccounting
Other plans on this EIN
4 filings
#112Retirement-$15.04B assets#113Retirement-$3.13B assets#001Retirement-$2.86B assets#111Retirement-$2.57B 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 12/23/2022
How to read this page

Summary metrics

Total assets (EOY)
$5256.9M
+4.1% from 2018
Total participants
38,499
-8.3% from 2018
Average account balance
$0
No prior year
Annual return
8.62%
-2.04 pp from 2018

Benchmarks

See 7,539 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort7,539 peers
Snapshot2021
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $30,700
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $207,827
Admin fee / account holder
$0
median $226
Annual return
8.62%
median 7.38%
Overall peer rank
52nd 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 11 by compensation
ProviderService typeCompensation
FIAM LLC4 years
Service code 50 · EIN 20-1733361
Direct Payment
$815,864
LEGAL & GEN'L INVESTMT MGMT AMERICA4 years
Service code 50 · EIN 20-8058531
Direct Payment
$743,448
JENNISON ASSOCIATES LLC4 years
Service code 50 · EIN 22-2540245
Direct Payment
$679,151
NISA INVESTMENT ADVISORS, LLC4 years
Service code 50 · EIN 48-1140940
Direct Payment
$401,069
WELLINGTON MANAGEMENT COMPANY5+ years
Service code 50 · EIN 30-0835489
Direct Payment
$335,320
GLOBAL TRUST COMPANY1 year
Service code 50 · EIN 36-7634097
Direct Payment
$270,121
MONDRIAN INVESTMENT GROUP US, INC.4 years
Service code 50 · EIN 20-3584794
Direct Payment
$266,074
IR&M LONG GOV'T CREDIT FUND LLC4 years
Service code 50 · EIN 27-4823991
Direct Payment
$265,497
BLACKROCK INSTITUTIONAL TRUST CO4 years
Service code 50 · EIN 94-3112180
Direct Payment
$222,495
JPMORGAN CHASE BANK N.A.4 years
Service code 21 · EIN 13-6353795
Bank Trustee
$99,500

Enrolled actuary

1 attachment
SB

ADAM S. BERK

ERNST & YOUNG LLP
Enrollment #2005541
1401 MCKINNEY STREET
HOUSTON, TX 77010
(713) 750-4995
Signed 2022-10-11

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
$7.3M
  • Investment mgmt$4M58.4%
  • Other / not subdivided$3M41.6%
% of EOY assets
0.139%
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