Retirement plan

CBS COMBINED PENSION PLAN

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

CBS CORPORATIONEIN 04-2949533Plan #200PY 2017

51 WEST 52ND STREET 19TH FLOOR - NEW YORK, NY 100196188212-975-4321paramountdispatchsolutions.comLinkedIn1-10 employeestransportation/trucking/railroad

Other plans on this EIN

4 filings

#002Retirement-$4.12B assets #202Retirement-$27.8M assets #300Retirement-$5.8M assets #001Retirement-$60K assets

Prospect flagsHigh retiree %Low returnsLow participation

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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How to read this page

Total assets (EOY)

$2846.3M

-9.9% from 2016

Total participants

32,041

-34.6% from 2016

Average account balance

No prior year

Annual return

10.05%

+1.84 pp from 2016

Benchmarks

See 1,145 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort1,145 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.91B

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

24,347

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$119K

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

+3.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 7 by compensation

Provider	Service type	Compensation
MERCER3+ years Filed as: MERCER HR OUTSOURCING Service code 15 · EIN 20-1932099	Recordkeeping	$2,023,791
THE BANK OF NEW YORK MELLON3+ years Filed as: BANK OF NEW YORK MELLON Service code 12 · EIN 25-1926855	Direct payment from the plan; Claims ...	$524,975
WILLIS TOWERS WATSON US LLC3+ years Filed as: WILLIS TOWERS WATSON Service code 11 · EIN 53-0181291	Actuarial	$291,400
AON CONSULTING1 year Filed as: AON HEWITT INVESTMENT Service code 28 · EIN 36-3109431	Investment Management	$175,996
STATE STREET GLOBAL ADVISORS1 year Service code 49 · EIN 81-4017137	Other Services	$150,000
MITCHELL & TITUS, LLP3+ years Filed as: MITCHELL & TITUS LLP Service code 10 · EIN 13-2781641	Accounting	$83,175
GROOM LAW GROUP2 years Service code 29 · EIN 52-1219029	Legal	$10,021

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3F3H

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).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$31.5M

$10173 / participant

Investment mgmt$5K0.0%
Contract admin$3M8.1%
Other / not subdivided$29M91.9%

% of EOY assets

1.108%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MITCHELL & TITUS, LLP
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$256,121-100.0%

Participation rate

0.0%

0.0%0pp

37.7%-37.7pp

0.0%0pp

Annual return

10.05%

17.84%-7.8pp

9.60%+0.4pp

17.84%-7.8pp

Employer contribution / active EE

$160,690

$14,688+994.0%

$45,595+252.4%

$14,688+994.0%

Participant deferral / active EE

$770-100.0%

$255-100.0%

$770-100.0%

Admin fee / account holder

$9,523-100.0%

Provider

Service type

Compensation

MERCER3+ years

Filed as: MERCER HR OUTSOURCING

Service code 15 · EIN 20-1932099

Recordkeeping

$2,023,791

THE BANK OF NEW YORK MELLON3+ years

Filed as: BANK OF NEW YORK MELLON

Service code 12 · EIN 25-1926855

Direct payment from the plan; Claims ...

$524,975

WILLIS TOWERS WATSON US LLC3+ years

Filed as: WILLIS TOWERS WATSON

Service code 11 · EIN 53-0181291

Actuarial

$291,400

AON CONSULTING1 year

Filed as: AON HEWITT INVESTMENT

Service code 28 · EIN 36-3109431

Investment Management

$175,996

STATE STREET GLOBAL ADVISORS1 year

Service code 49 · EIN 81-4017137

Other Services

$150,000

MITCHELL & TITUS, LLP3+ years

Filed as: MITCHELL & TITUS LLP

Service code 10 · EIN 13-2781641

Accounting

$83,175

GROOM LAW GROUP2 years

Service code 29 · EIN 52-1219029

Legal

$10,021

CBS COMBINED PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CBS COMBINED PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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