Plan Snapshot
- Plan Sponsor: Cvs Health Corporation
- Sponsor EIN: 050494040
- Sponsor Address: ONE CVS DRIVE, WOONSOCKET, RI, 028956146
- Plan Type: 401(k)
- Total Participants: 313,966
- Total Assets: $30.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 313,966 | $30.1B | $558.3M | $1.1B |
| 2023 | 240,493 | $27.6B | $565.9M | $1.1B |
| 2022 | 265,760 | $24.2B | $540.4M | $1.0B |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | Recordkeeper | $15,954,978 | — | $15,954,978 |
| THE VANGUARD GROUP, INC. | Recordkeeper | $5,431,119 | — | $5,431,119 |
| MFS INSTITUTIONAL ADVISORS, INC. | Other Service Provider | $3,108,605 | — | $3,108,605 |
| COLUMBIA MANAGEMENT INVESTMENT ADVI | Investment Advisor | $2,750,323 | — | $2,750,323 |
| T. ROWE PRICE | Other Service Provider | $2,686,542 | — | $2,686,542 |
| WELLINGTON MANAGEMENT | Other Service Provider | $2,481,639 | — | $2,481,639 |
| BARROW HANLEY GLOBAL INVESTORS | Other Service Provider | $1,978,364 | — | $1,978,364 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $1,526,366 | — | $1,526,366 |
| LOOMIS, SAYLES & COMPANY, L.P. | Other Service Provider | $1,405,760 | — | $1,405,760 |
| SNYDER CAPITAL MANAGEMENT, L.P. | Other Service Provider | $1,209,270 | — | $1,209,270 |
| EARNEST PARTNERS, LLC | Other Service Provider | $1,056,004 | — | $1,056,004 |
| BARON CAPITAL MANAGEMENT, INC | Other Service Provider | $1,053,035 | — | $1,053,035 |
| DODGE & COX | Other Service Provider | $1,044,333 | — | $1,044,333 |
| INVESCO ADVISERS, INC. | Other Service Provider | $950,497 | — | $950,497 |
| D.F. DENT AND COMPANY, INC. | Other Service Provider | $604,455 | — | $604,455 |
| BUCK GLOBAL, LLC | Other Service Provider | $575,698 | — | $575,698 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $137,905 | — | $137,905 |
| ERNST & YOUNG U.S. LLP | Auditor | $106,400 | — | $106,400 |
| ALLEN OVERY SHEARMAN STERLING US LL | Other Service Provider | $30,552 | — | $30,552 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — Recordkeeper
- THE VANGUARD GROUP, INC. — Recordkeeper
- COLUMBIA MANAGEMENT INVESTMENT ADVI — Investment Advisor
- ERNST & YOUNG U.S. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,091,845
- Estimated Expense Ratio: 0.147% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $43,865,252 | $36,770,815 | — | $106,400 | — |
| 2023 | $42,598,332 | $33,482,934 | — | — | — |
| 2022 | $37,656,918 | $31,018,345 | $6,501,866 | — | $23,933 |