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FORM 5500 DATA

The 401k Plan and the Employee Stock Ownership Plan of CVS Caremark Corporation and Affiliated Companies

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/1989
  • Net Assets as of 12/31/2014 $8,331,398,665
  • Plan Number17
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants146,358
  • Retired or separated participants receiving benefits283
  • Other retired or separated participants entitled to future benefits21,220
  • Subtotal167,861
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits222
  • Total168,083
  • Total number of participants as of 01/01/2014162,710
  • Number of participants with account balances94,490
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested17

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressAttn Nancy G. Gerseny One Cvs Drive, Mail Code 1110
  • CityWoonsocket
  • StateRI
  • Zip02895
  • Telephone(401) 770-3604
  • EIN05-0494040
  • Industry Code446110
  • Named AdministratorNancy G. Gerseny

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young LLP
  • Auditor EIN34-6565596
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $1,320,753,245
Contributions $610,649,065
Cash Contributions $610,649,065
Cash from Employers $218,409,598
Cash from Participants $367,685,881
Others (including rollovers) $24,553,586
Noncash Contributions $0
Total Earnings on Investments $706,570,263
Total Interest $7,101,434
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $7,096,239
Interest from Other Investments $5,195
Total Dividends $139,183,333
Preferred Stock $0
Common Stock $31,500,450
Rents $0
Net gain (loss) on sale of assets $152,287,953
Aggregate Proceeds $152,287,953
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $274,327,265
Real Estate $0
Other $274,327,265
Net investment gain (loss) from common/collective trusts $48,061,121
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $85,609,157
Other Income $3,533,917
Expenses $591,903,115
Total Benefit Payments $577,958,380
Directly to participants or beneficiaries, including direct rollovers $577,958,380
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $13,944,735
Professional Fees $5,665,924
Contract Administrator Fees $0
Investment Advisory and management fees $5,159,438
Other Administrative Fees $3,119,373
Net Income $728,850,130
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $8,337,612,102 $7,613,579,671 9.51%
Total noninterest-bearing cash $16,416 $658 2394.83%
Receivables $11,493,938 $10,184,081 12.86%
Employer Contributions $8,727,750 $7,565,118 15.37%
Participant Contributions $0 $0 0.0%
Other Contributions $2,766,188 $2,618,963 5.62%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $2,228,722,312 $1,956,115,313 13.94%
Preferred $0 $0 0.0%
Common $2,228,722,312 $1,956,115,313 13.94%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $180,795,702 $176,155,139 2.63%
Value of interest in common/collective trusts $988,897,559 $987,889,778 0.10%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $4,329,782,789 $4,054,498,837 6.79%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $597,903,386 $428,735,865 39.46%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $6,213,437 $11,031,136 -43.67%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $6,213,437 $11,031,136 -43.67%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $8,331,398,665 $7,602,548,535 9.59%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Pimco
  • Templeton
  • American Funds
  • The Vanguard Group
  • Dimensional Fund Advisors Inc.
  • Putnam Fiduciary Trust Company

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Buck Consultants, LLC Consulting (pension), Direct payment from the plan, Participant communication, Consulting fees, Other services, Other fees Affiliate of Xerox $4,854,396 $0 $4,854,396
Xerox Hr Solutions LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees, Consulting (pension), Participant communication, Consulting fees, Investment advisory (plan), Other services, Other fees Affiliate of Buck $0 $1,082,391 $1,082,391
Columbia Management Investment Investment management, Investment management fees paid indirectly by plan, Direct payment from the plan, Soft dollars commissions, Investment management fees paid directly by plan, Securities brokerage commissions and fees NONE $948,668 $0 $948,668
Wells Fargo Bank, N.A. Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $943,542 $0 $943,542
Barrow, Hanley, Mewhinney & Strauss Investment management, Investment management fees paid indirectly by plan, Direct payment from the plan, Soft dollars commissions, Investment management fees paid directly by plan NONE $875,213 $0 $875,213
Bank of New York Mellon Trustee (bank, trust company, or similar financial institution), Direct payment from the plan, Trustee (directed), Float revenue, Named fiduciary, Other fees NONE $792,409 $0 $792,409
T. Rowe Price Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $709,984 $0 $709,984
Columbus Circle Investors Investment management, Investment management fees paid indirectly by plan, Direct payment from the plan, Investment management fees paid directly by plan NONE $693,220 $0 $693,220
Financial Engines Investment advisory (participants), Investment management fees paid directly by plan, Investment management, Direct payment from the plan NONE $501,007 $0 $501,007
Galliard Capital Management Corp. Investment management, Investment management fees paid indirectly by plan, Direct payment from the plan, Investment management fees paid directly by plan NONE $392,567 $0 $392,567
Mellon Capital Management Corp. Investment management, Investment management fees paid indirectly by plan, Direct payment from the plan, Investment management fees paid directly by plan NONE $95,237 $0 $95,237
Pension Benefit Information Other services, Direct payment from the plan NONE $12,759 $0 $12,759
Olgetree, Deakins, Nash, Smoak & St Legal, Direct payment from the plan NONE $6,360 $0 $6,360
Total $10,825,362 $1,082,391 $11,907,753

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Xerox Hr Solutions LLC Financial Engines Finders' fees/placement fees Revenue Sharing With Advice Provider. Compensation Is Based On A Tiered Schedule Across All of The Provider's Clients and Their Participants $1,082,391
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Eb Temporary Investment Fund II The Bank of New York Mellon DFE: Common/Collective Trust $269,049,909
Mellon Capital Large Cap Growth St The Bank of New York Mellon DFE: Common/Collective Trust $186,727,806
Wells Fargo Stable Value Fund D Wells Fargo Bank, N.A. DFE: Common/Collective Trust $169,149,885
Putnam Stable Value Fund Putnam Fiduciary Trust Co. DFE: Common/Collective Trust $166,299,642
Mellon Capital Mgmt Large Cap Value The Bank of New York Mellon DFE: Common/Collective Trust $152,665,643
Blackrock Global Allocation Cf Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $44,994,674
Total $988,887,559

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.