California › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Cedars-Sinai Defined Benefit Retirement Plan
Sponsored by Cedars-Sinai, Los Angeles, CA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Cedars-Sinai of Los Angeles, California sponsors Cedars-Sinai Defined Benefit Retirement Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 6,006 participants (2,473 active) and $823M in net assets.
Net assets came to $137,099 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $62,049 median for defined benefit plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $1.4M: $226 per participant, close to the same-size median of $232. Administrative expenses charged to the plan were $1.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $165M in 2009 to $823M in 2024 (up 399%), and participants from 4,624 to 6,006 (up 30%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $137,099 | $87,623 | $62,049 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $7,491 | $10,244 |
| Schedule C compensation per participant | $226 | $232 | $248 | $344 |
| Schedule C compensation, share of net assets | 0.17% | 0.30% | 0.39% | 0.42% |
| Administrative expenses per participant | $324 | $396 | $427 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), health care and social assistance (542) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 6,006 | $823M | $137,099 | — | — | $1.4M |
| 2023 | 5,800 | $751M | $129,507 | — | — | $1.7M |
| 2022 | 5,546 | $677M | $122,145 | $0 | — | $1.4M |
| 2021 | 5,441 | $813M | $149,347 | $20.0M | — | $2.0M |
| 2020 | 5,350 | $728M | $136,011 | $13.1M | — | $1.3M |
| 2019 | 5,270 | $662M | $125,667 | $40.0M | — | $859K |
| 2018 | 5,175 | $553M | $106,907 | $77.9M | — | $823K |
| 2017 | 5,019 | $507M | $101,103 | $2.0M | — | $1.0M |
| 2016 | 4,860 | $470M | $96,685 | $52.3M | — | $1.1M |
| 2015 | 4,772 | $413M | $86,586 | $55.0M | — | $1.3M |
| 2014 | 4,733 | $369M | $77,992 | $96.6M | — | $1.0M |
| 2013 | 4,990 | $284M | $56,961 | $0 | — | $1.2M |
| 2012 | 4,895 | $274M | $55,980 | $54.7M | — | $787K |
| 2011 | 4,837 | $203M | $42,011 | $29.5M | $0 | $833K |
| 2010 | 4,763 | $182M | $38,171 | $14.5M | — | $899K |
| 2009 | 4,624 | $165M | $35,662 | $27.0M | — | $821K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$751,139,017
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$104,277,224
- Benefits paid$30,054,167
- Administrative expenses$1,944,779
- Total expenses$31,998,946
- Net income$72,278,278
- Net transfers$0
- Net assets, end of year$823,417,295
Participants
- Active participants2,473
- Retired or separated, receiving benefits2,469
- Retired or separated, entitled to future benefits720
- Total participants, end of year6,006
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer | Actuarial | $587,355 | $0 |
| U.S Bank | Trustee (bank, trust company, or similar financial institution) | $139,524 | $0 |
| Aristotle Capital Management | Investment management fees paid directly by plan | $131,907 | $0 |
| Polen Capital Management | Investment management fees paid directly by plan | $118,014 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $91,051 | $0 |
| Ryder Court Intrntnl Select FD DST | Investment management fees paid directly by plan | $80,783 | $0 |
| Cambridge Associates LLC | Investment advisory (plan) | $72,800 | $0 |
| Pacific Investment Management | Investment management fees paid directly by plan | $53,784 | $0 |
| Merganser Capital Management LLC | Investment management fees paid directly by plan | $41,944 | $0 |
| Payden & Rygel | Investment management fees paid directly by plan | $28,053 | $0 |
| State Street Research & Management | Investment management fees paid directly by plan | $13,587 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$611,843
- Actuarial fees$587,355
- Other administrative expenses$585,977
- Trustee and custodial fees$159,604
- Total administrative expenses$1,944,779
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$391M · 47.5%
- Corporate debt instruments$149M · 18.1%
- Registered investment companies (mutual funds)$101M · 12.3%
- Corporate stocks$88.7M · 10.8%
- U.S. Government securities$50.2M · 6.1%
- Cash (interest and non-interest bearing)$27.7M · 3.4%
- Partnership/joint venture interests$13.4M · 1.6%
- Receivables$1.4M · 0.2%
- Other investments$502K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $25,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Cedars-Sinai
| Plan | Participants | Net assets |
|---|---|---|
| Cedars-Sinai Defined Contribution | 20,291 | $1.05B |
| Cedars-Sinai 403(b) Retirement Plan | 20,066 | $2.61B |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| John Muir Health Retirement Plan | John Muir Health | 7,089 | $630M | $88,904 |
| El Camino Hospital Cash Balance Plan | El Camino Hospital | 5,610 | $391M | $69,785 |
| Retirement Plan for Hospital Employees | Board of Trustees Retirement Plan for Hospital Employees | 17,381 | $1.20B | $69,146 |
| Cottage Health Pension Plan | Cottage Health | 5,426 | $886M | $163,303 |
| Sharpsaver Retirement Plan | Sharp Healthcare | 18,811 | $684M | $36,377 |
| Community Hospitals of Central California Pension Plan | Community Hospitals of Central California | 4,096 | $278M | $67,783 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is Cedars-Sinai Defined Benefit Retirement Plan?
6,006 participants at the end of the plan year ending 31 Dec 2024, of whom 2,473 were active employees, with net assets of $823,417,295. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Cedars-Sinai contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,358,802 in compensation to service provider organisations, $226 per participant or 0.17% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $1,944,779. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Cedars-Sinai. Investment advisory or management: Cambridge Associates LLC. Trustee or custodian: U.S Bank and Northern Trust Company. The financial statements were audited by Ernst & Young LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 95-1644600, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.