Retirement plan

CARDINAL HEALTH 401(K) SAVINGS PLAN

Name: CARDINAL HEALTH, INC. - CARDINAL HEALTH 401(K) SAVINGS PLAN (2016) Form 5500
Creator: CARDINAL HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDINAL HEALTH 401(K) SAVINGS PLAN, CARDINAL HEALTH, INC.

CARDINAL HEALTH, INC.EIN 31-0958666Plan #055PY 2016

7000 CARDINAL PLACE - DUBLIN, OH 43017614-757-5000cardinalhealth.comLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#062Retirement-$27.5M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed July 16, 2015

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

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Total assets (EOY)

$3373.1M

-22.2% from 2016

Total participants

46,615

-3.9% from 2016

Average account balance

$75,832

-18.7% from 2016

Annual return

28.94%

-26.13 pp from 2016

Benchmarks

See 31 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants>=10,000

Cohort31 peers

Snapshot2016

Participant deferral / active EE

$4,295

median $3,283

Employer contribution / active EE

$3,182

median $1,892

Participation rate

92.0%

median 78.8%

Avg account balance

$75,832

median $64,969

Admin fee / account holder

$57

median $56

Annual return

28.94%

median 8.30%

Overall peer rank

67of 100

67th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$4.76B

Average account balance

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

$148K

Participants with account balance

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

32,188

Eligible Participants and Participation

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

72.2%

Contributions (total)

Employer and participant dollars contributed each year

$243.67M

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.46%

Admin fee / account holder

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

$66

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO Service code 15 · EIN 94-1347393	Recordkeeping	$1,882,064
NEPC, LLC2+ years Service code 27 · EIN 26-1429809	Advisory (Plan)	$242,529
ARY ROEPCKE MULCHAEY, P.C.2+ years Service code 10 · EIN 52-2370901	Accounting	$178,200
ERNST & YOUNG LLP2+ years Filed as: ERNST & YOUNG LP Service code 10 · EIN 34-6565596	Accounting	$146,960
GROOM LAW GROUP1 year Filed as: GROOM LAW GROUP, CHARTERED Service code 14 · EIN 52-1219029	Plan Administrator	$55,922
THOMPSON HINE2+ years Service code 29 · EIN 34-0575300	Legal	$26,875

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 3 Non-exempt transaction	CARDINAL HEALTH, INC.	PLAN SPONSOR DURING 2011-2016, EXPENSES OF THE PLAN SPONSOR AND RELATED PLAN WERE IMPROPERLY PAID BY THE PLAN	—	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2O2T3F3H

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.5M

$95 / participant

Investment mgmt$243K9.5%
Contract admin$2M74.1%
Other / not subdivided$416K16.4%

% of EOY assets

0.075%

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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,832

$79,480-4.6%

$108,582-30.2%

$329,111-77.0%

Participation rate

92.0%

72.0%+20.0pp

79.6%+12.4pp

67.9%+24.2pp

Annual return

28.94%

18.07%+10.9pp

-51.70%+80.6pp

16.35%+12.6pp

Employer contribution / active EE

$3,182

$2,317+37.3%

$3,758-15.3%

$2,303+38.1%

Participant deferral / active EE

$4,295

$3,243+32.4%

$4,311-0.4%

$3,682+16.7%

Admin fee / account holder

$57

$68-15.8%

$7,645-99.3%

$754-92.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO

Service code 15 · EIN 94-1347393

Recordkeeping

$1,882,064

NEPC, LLC2+ years

Service code 27 · EIN 26-1429809

Advisory (Plan)

$242,529

ARY ROEPCKE MULCHAEY, P.C.2+ years

Service code 10 · EIN 52-2370901

Accounting

$178,200

ERNST & YOUNG LLP2+ years

Filed as: ERNST & YOUNG LP

Service code 10 · EIN 34-6565596

Accounting

$146,960

GROOM LAW GROUP1 year

Filed as: GROOM LAW GROUP, CHARTERED

Service code 14 · EIN 52-1219029

Plan Administrator

$55,922

THOMPSON HINE2+ years

Service code 29 · EIN 34-0575300

Legal

$26,875

CARDINAL HEALTH 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDINAL HEALTH 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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