Retirement plan

CBS 401(K) PLAN

Name: CBS CORPORATION - CBS 401(K) PLAN (2017) Form 5500
Creator: CBS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CBS 401(K) PLAN, CBS CORPORATION

CBS CORPORATIONEIN 04-2949533Plan #002PY 2017

51 W 52ND ST - NEW YORK, NY 100196188212-975-4321paramountdispatchsolutions.comLinkedIn1-10 employeestransportation/trucking/railroad

Other plans on this EIN

4 filings

#200Retirement-$2.85B assets #202Retirement-$27.8M assets #300Retirement-$5.8M assets #001Retirement-$60K assets

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 4, 2011

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.

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Total assets (EOY)

$4122.7M

-6.7% from 2016

Total participants

23,301

-26.5% from 2016

Average account balance

$181,697

+26.8% from 2016

Annual return

-2.55%

-12.38 pp from 2016

Benchmarks

See 44 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort44 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$6.36B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$201K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

31,614

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$328.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$231

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 21 by compensation

Provider	Service type	Compensation
MERCER1 year Filed as: MERCER (US), INC. Service code 15 · EIN 13-2834414	Recordkeeping	$1,441,823
FINANCIAL ENGINES3+ years Service code 26 · EIN 94-3250323	Advisory (Participants)	$1,375,924
WELLINGTON TRUST COMPANY3+ years Filed as: WELLINGTON MANAGEMENT CO. LLP Service code 51 · EIN 30-0835489	Investment Mgmt Fees	$923,128
GOLDMAN SACHS1 year Filed as: GOLDMAN SACHS ASSET MANAGEMENT Service code 50 · EIN 13-3575636	Direct Payment	$889,966
DODGE & COX3+ years Service code 28 · EIN 94-1441976	Investment Management	$542,160
BANK OF TOKYO2 years Filed as: THE BANK OF TOKYO - MITSUBISHI Service code 50 · EIN 13-5611741	Direct Payment	$525,442
MERCER3+ years Filed as: MERCER HR SERVICES, LLC Service code 15	Recordkeeping	$495,404
PGIM INVESTMENTS2 years Filed as: PGIM, INC. Service code 50 · EIN 22-2540245	Direct Payment	$490,964
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: PRUDENTIAL Service code 50 · EIN 22-1211670	Direct Payment	$468,130
BLACKROCK3+ years Service code 28 · EIN 13-3806691	Investment Management	$426,569

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$6.0M

$518 / participant

Investment mgmt$2M41.5%
Contract admin$2M38.3%
Other / not subdivided$1M20.2%

% of EOY assets

0.145%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$181,697

$104,862+73.3%

$90,161+101.5%

$80,976+124.4%

Participation rate

94.7%

78.9%+15.8pp

76.9%+17.8pp

68.3%+26.4pp

Annual return

-2.55%

20.18%-22.7pp

34.89%-37.4pp

22.91%-25.5pp

Employer contribution / active EE

$2,914

$2,724+7.0%

$3,318-12.2%

$2,402+21.3%

Participant deferral / active EE

$8,744

$6,098+43.4%

$5,287+65.4%

$3,848+127.2%

Admin fee / account holder

$263

$76+244.9%

$5,943-95.6%

$67+290.0%

Provider

Service type

Compensation

MERCER1 year

Filed as: MERCER (US), INC.

Service code 15 · EIN 13-2834414

Recordkeeping

$1,441,823

FINANCIAL ENGINES3+ years

Service code 26 · EIN 94-3250323

Advisory (Participants)

$1,375,924

WELLINGTON TRUST COMPANY3+ years

Filed as: WELLINGTON MANAGEMENT CO. LLP

Service code 51 · EIN 30-0835489

Investment Mgmt Fees

$923,128

GOLDMAN SACHS1 year

Filed as: GOLDMAN SACHS ASSET MANAGEMENT

Service code 50 · EIN 13-3575636

Direct Payment

$889,966

DODGE & COX3+ years

Service code 28 · EIN 94-1441976

Investment Management

$542,160

BANK OF TOKYO2 years

Filed as: THE BANK OF TOKYO - MITSUBISHI

Service code 50 · EIN 13-5611741

Direct Payment

$525,442

MERCER3+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15

Recordkeeping

$495,404

PGIM INVESTMENTS2 years

Filed as: PGIM, INC.

Service code 50 · EIN 22-2540245

Direct Payment

$490,964

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: PRUDENTIAL

Service code 50 · EIN 22-1211670

Direct Payment

$468,130

BLACKROCK3+ years

Service code 28 · EIN 13-3806691

Investment Management

$426,569

CBS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CBS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion