Plan Snapshot
- Plan Sponsor: The Cleveland Clinic Foundation
- Sponsor EIN: 340714585
- Sponsor Address: 9500 EUCLID AVENUE AC-244, CLEVELAND, OH, 441950001
- Plan Type: DB
- Total Participants: 11,859
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,859 | $1.0B | $3.2M | $0 |
| 2023 | 12,592 | $1.1B | $0 | $0 |
| 2022 | 13,403 | $1.1B | $16.0M | $0 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C | Auditor | $31,212 | — | $31,212 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,212
- Estimated Expense Ratio: 0.003% 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 | $3,886,478 | — | $911,126 | $31,212 | — |
| 2023 | $5,755,867 | $1,834 | $1,014,283 | $30,450 | — |
| 2022 | $3,664,928 | $146,660 | $936,795 | — | — |