Plan Snapshot
- Plan Sponsor: The Cleveland Clinic Foundation
- Sponsor EIN: 340714585
- Sponsor Address: 9500 EUCLID AVENUE AC-244, CLEVELAND, OH, 441950001
- Plan Type: 403(b)
- Total Participants: 68,206
- Total Assets: $9.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 68,206 | $9.2B | $141.3M | $496.3M |
| 2023 | 65,407 | $7.5B | $118.9M | $417.8M |
| 2022 | 54,690 | $6.3B | $106.8M | $375.7M |
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 |
|---|---|---|---|---|
| KEY PRIVATE BANK | INVESTMENT ADVISOR | $1,553,126 | — | $1,553,126 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $1,059,360 | — | $1,059,360 |
| CLS INVESTMENTS LLC | INVESTMENT ADVISOR | $504,970 | — | $504,970 |
| SEQUOIA FINANCIAL ADVISORS | INVESTMENT ADVISOR | $207,038 | — | $207,038 |
| STRATOS WEALTH ADVISORS LLC | INVESTMENT ADVISOR | $156,207 | — | $156,207 |
| WILLIS TOWERS WATSON | ACTUARIAL | $138,898 | — | $138,898 |
| LARSON FINANCIAL GROUP, LLC | INVESTMENT ADVISOR | $128,703 | — | $128,703 |
| CARNEGIE INVESTMENT COUNSEL | INVESTMENT ADVISOR | $103,232 | — | $103,232 |
| STRATEGIC WEALTH PARTNERS | INVESTMENT ADVISOR | $89,171 | — | $89,171 |
| PRASAD WEALTH PARTNERS | INVESTMENT ADVISOR | $86,084 | — | $86,084 |
| POTOMAC FUND MANAGEMENT, INC. | INVESTMENT ADVISOR | $81,301 | — | $81,301 |
| STRATOS WEALTH PARTNERS | INVESTMENT ADVISOR | $80,899 | — | $80,899 |
| LINEWEAVER WEALTH ADVISORS LLC | INVESTMENT ADVISOR | $80,852 | — | $80,852 |
| FAIRPORT, LLC | INVESTMENT ADVISOR | $78,726 | — | $78,726 |
| GRIES FINANCIAL CORPORATION | INVESTMENT ADVISOR | $77,138 | — | $77,138 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISOR | $69,658 | — | $69,658 |
| ASSETMARK, INC. | INVESTMENT ADVISOR | $64,210 | — | $64,210 |
| ABSOLUTE CAPITAL MGMT, LLC | INVESTMENT ADVISOR | $45,632 | — | $45,632 |
| B RILEY WEALTH ADVISORS | INVESTMENT ADVISOR | $43,665 | — | $43,665 |
| SIGNATURE INVESTMENT ADVISORS | INVESTMENT ADVISOR | $38,562 | — | $38,562 |
| FSM WEALTH ADVISORS LLC | INVESTMENT ADVISOR | $36,466 | — | $36,466 |
| ANCORA FAMILY WEALTH | INVESTMENT ADVISOR | $33,826 | — | $33,826 |
| CBIZ CPAS P.C. | AUDIT | $31,212 | — | $31,212 |
| BEACON FINANCIAL ADVISORS, LLC | INVESTMENT ADVISOR | $28,588 | — | $28,588 |
| LPL FINANCIAL - RETIREMENT PARTNERS | INVESTMENT ADVISOR | $27,083 | — | $27,083 |
| PEAK WEALTH SOLUTIONS INC | INVESTMENT ADVISOR | $24,248 | — | $24,248 |
| FLEXIBLE PLAN INVESTMENTS | INVESTMENT ADVISOR | $21,843 | — | $21,843 |
| ELIOS FINANCIAL GROUP INC | INVESTMENT ADVISOR | $17,011 | — | $17,011 |
| ESSEX PRIVATE WEALTH MANAGEMENT | INVESTMENT ADVISOR | $15,018 | — | $15,018 |
| CAPITAL ANALYSTS INC | INVESTMENT ADVISOR | $14,055 | — | $14,055 |
| ARBOR POINT ADVISORS,LLC | INVESTMENT ADVISOR | $12,848 | — | $12,848 |
| ABOUND WEALTH MANAGEMENT | INVESTMENT ADVISOR | $11,079 | — | $11,079 |
| PATHFINDER WEALTH ADVISORS | INVESTMENT ADVISOR | $9,571 | — | $9,571 |
| SIGMA PLANNING CORP. | INVESTMENT ADVISOR | $9,309 | — | $9,309 |
| MAI WEALTH ADVISORS, LLC | INVESTMENT ADVISOR | $9,089 | — | $9,089 |
| LINCOLN INVESTMENT PLANNING | INVESTMENT ADVISOR | $7,978 | — | $7,978 |
| BFC PLANNING, INC | INVESTMENT ADVISOR | $7,524 | — | $7,524 |
| CADARET GRANT & CO | INVESTMENT ADVISOR | $6,485 | — | $6,485 |
| CAMBRIDGE INVESTMENT RESEARCH | INVESTMENT ADVISOR | $6,009 | — | $6,009 |
| 2 KNIGHTS WEALTH MGMT LLC | INVESTMENT ADVISOR | $5,967 | — | $5,967 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KEY PRIVATE BANK — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISOR
- LPL FINANCIAL - RETIREMENT PARTNERS — INVESTMENT ADVISOR
- LINCOLN INVESTMENT PLANNING — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,022,641
- Estimated Expense Ratio: 0.055% 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 | $6,968,146 | $4,862,410 | — | $31,212 | — |
| 2023 | $6,316,690 | $4,495,921 | — | $30,450 | — |
| 2022 | $7,221,809 | $5,476,476 | $1,572,013 | — | — |