Retirement plan

CLEVELAND CLINIC INVESTMENT PENSION PLAN

Name: THE CLEVELAND CLINIC FOUNDATION - CLEVELAND CLINIC INVESTMENT PENSION PLAN (2017) Form 5500
Creator: THE CLEVELAND CLINIC FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEVELAND CLINIC INVESTMENT PENSION PLAN, THE CLEVELAND CLINIC FOUNDATION

THE CLEVELAND CLINIC FOUNDATIONEIN 34-0714585Plan #011PY 2017

9500 EUCLID AVENUE AC-341 - CLEVELAND, OH 441950001216-448-2247LinkedIn1-10 employeesmedical practice

Other plans on this EIN

3 filings

#002Retirement-$4.56B assets #001Retirement-$1.21B assets #003Retirement-$854.0M assets

Prospect flagsLow assets / participant

Top hat statement on fileNQDC

Filed December 23, 1992

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)

$745.8M

+27.1% from 2016

Total participants

46,331

+3.5% from 2016

Average account balance

$16,439

+23.1% from 2016

Annual return

17.41%

+9.92 pp from 2016

Benchmarks

See 207 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort207 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.77B

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

72,743

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES2 years Service code 27 · EIN 77-0473565	Advisory (Plan)	$266,716
THE CLEVELAND CLINIC FOUNDATION3+ years Service code 14 · EIN 34-0714585	Plan Administrator	$57,887
STRATEGIC WEALTH PARTNERS3+ years Service code 26 · EIN 26-2328809	Advisory (Participants)	$41,774
CLS INVESTMENTS3+ years Filed as: CLS INVESTMENTS LLC Service code 26 · EIN 32-0070947	Advisory (Participants)	$35,757
STRATOS WEALTH PARTNERS1 year Service code 26 · EIN 27-5273468	Advisory (Participants)	$9,879
POTOMAC FUND MANAGEMENT, INC.3+ years Service code 26 · EIN 52-1542454	Advisory (Participants)	$9,292
FLEXIBLE PLAN INVESTMENTS LTD3+ years Filed as: FLEXIBLE PLAN INVESTMENTS Service code 26 · EIN 38-2340348	Advisory (Participants)	$7,471
LINEWEAVER WEALTH ADVISORS LLC2 years Service code 26 · EIN 47-1966492	Advisory (Participants)	$6,867
SEQUOIA FINANCIAL ADVISORS LLC2 years Filed as: SEQUOIA FINANCIAL ADVISORS Service code 26 · EIN 27-7729029	Advisory (Participants)	$6,656
BEACON FINANCIAL ADVISORS, LLC1 year Service code 26 · EIN 47-2589461	Advisory (Participants)	$5,571

Plan features & details

Pension benefit codes2A2E2F2G2R3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$476K

$11 / participant

Investment mgmt$267K56.0%
Contract admin$152K31.8%
Other / not subdivided$58K12.1%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,439

$53,684-69.4%

$170,442-90.4%

$80,976-79.7%

Participation rate

97.7%

69.2%+28.5pp

83.6%+14.1pp

68.3%+29.5pp

Annual return

17.41%

25.97%-8.6pp

205.93%-188.5pp

22.91%-5.5pp

Employer contribution / active EE

$2,112

$1,642+28.6%

$5,433-61.1%

$2,402-12.1%

Participant deferral / active EE

$3,017-100.0%

$4,939-100.0%

$3,848-100.0%

Admin fee / account holder

$10

$46-77.4%

$13,880-99.9%

$67-84.4%

Provider

Service type

Compensation

FINANCIAL ENGINES2 years

Service code 27 · EIN 77-0473565

Advisory (Plan)

$266,716

THE CLEVELAND CLINIC FOUNDATION3+ years

Service code 14 · EIN 34-0714585

Plan Administrator

$57,887

STRATEGIC WEALTH PARTNERS3+ years

Service code 26 · EIN 26-2328809

Advisory (Participants)

$41,774

CLS INVESTMENTS3+ years

Filed as: CLS INVESTMENTS LLC

Service code 26 · EIN 32-0070947

Advisory (Participants)

$35,757

STRATOS WEALTH PARTNERS1 year

Service code 26 · EIN 27-5273468

Advisory (Participants)

$9,879

POTOMAC FUND MANAGEMENT, INC.3+ years

Service code 26 · EIN 52-1542454

Advisory (Participants)

$9,292

FLEXIBLE PLAN INVESTMENTS LTD3+ years

Filed as: FLEXIBLE PLAN INVESTMENTS

Service code 26 · EIN 38-2340348

Advisory (Participants)

$7,471

LINEWEAVER WEALTH ADVISORS LLC2 years

Service code 26 · EIN 47-1966492

Advisory (Participants)

$6,867

SEQUOIA FINANCIAL ADVISORS LLC2 years

Filed as: SEQUOIA FINANCIAL ADVISORS

Service code 26 · EIN 27-7729029

Advisory (Participants)

$6,656

BEACON FINANCIAL ADVISORS, LLC1 year

Service code 26 · EIN 47-2589461

Advisory (Participants)

$5,571

CLEVELAND CLINIC INVESTMENT PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEVELAND CLINIC INVESTMENT PENSION 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