Retirement plan
ERNST & YOUNG INACTIVE DEFINED BENEFIT RETIREMENT PLAN
ERNST & YOUNG U.S. LLPEIN 34-6565596Plan #114PY 2023
Other plans on this EIN
4 filingsProspect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
SEAN O'DONNELL
Signed 11/01/2024
Summary metrics
Total assets (EOY)
$2178.5M
+4.1% from 2018
Total participants
36,145
-8.3% from 2018
Average account balance
$0
No prior year
Annual return
11.89%
-2.04 pp from 2018
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort7,704 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $29,812
0
Participation rate
0.0%
median 100.0%
0
Avg account balance
$0
median $179,671
0
Admin fee / account holder
$0
median $636
63
Annual return
11.89%
median 9.06%
Overall peer rank
63of 100
63rd 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 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 50 · EIN 20-8058531 | Direct Payment | $921,325 |
FIAM LLC6 years Service code 50 · EIN 20-1733361 | Direct Payment | $459,515 |
JENNISON ASSOCIATES LLC6 years Service code 50 · EIN 22-2540245 | Direct Payment | $406,507 |
WELLINGTON MANAGEMENT COMPANY7+ years Service code 50 · EIN 30-0835489 | Direct Payment | $319,759 |
Service code 50 · EIN 48-1140940 | Direct Payment | $283,978 |
Service code 50 · EIN 20-3584794 | Direct Payment | $166,909 |
Service code 50 · EIN 27-4823991 | Direct Payment | $146,560 |
GLOBAL TRUST COMPANY3 years Service code 50 · EIN 36-7634097 | Direct Payment | $129,641 |
JPMORGAN CHASE BANK N.A.6 years Service code 21 · EIN 13-6353795 | Bank Trustee | $106,728 |
Service code 50 · EIN 94-3112180 | Direct Payment | $100,708 |
Enrolled actuary
1 attachment
SB
ADAM S. BERK
ERNST & YOUNG LLP
Enrollment #2305541
1401 MCKINNEY STREET
HOUSTON, TX 77010
(713) 750-4995
Signed 2024-10-11
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.
Plan features & details
Pension benefit codes1A1C1D3J
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.
- 3JU.S.-based Puerto Rico dual-qualified planU.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
$3.0M
- Investment mgmt$3M100.0%
% 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, P.C.
- Auditor EIN
- 135381590
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified