Plan Snapshot
- Plan Sponsor: The Cleveland Clinic Foundation
- Sponsor EIN: 340714585
- Sponsor Address: 9500 EUCLID AVENUE AC-244, CLEVELAND, OH, 441950001
- Plan Type: DC
- Total Participants: 65,806
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- 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 | 65,806 | $1.8B | $170.2M | $0 |
| 2023 | 51,751 | $1.5B | $129.3M | $0 |
| 2022 | 48,582 | $1.2B | $116.0M | $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 | $30,136 | — | $30,136 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,136
- Estimated Expense Ratio: 0.002% 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 | $2,095,544 | $608,834 | — | $30,136 | — |
| 2023 | $1,861,115 | $590,300 | — | $29,400 | — |
| 2022 | $2,018,863 | $827,070 | $1,136,791 | — | — |