Retirement plan
YALE-NEW HAVEN HOSPITAL 403(B) PLAN
YALE-NEW HAVEN HOSPITAL, INC.EIN 06-0646652Plan #002PY 2017
789 HOWARD AVENUE - NEW HAVEN, CT 065191304203-688-2401ynhh.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filingsProspect flagsFailed to transmit contributionsCorrective distributions
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$1167.1M
-11.0% from 2016
Total participants
22,222
-3.9% from 2016
Average account balance
$60,017
-11.1% from 2016
Annual return
20.02%
-6.82 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort207 peers
Snapshot2017
79
Participant deferral / active EE
$4,970
median $3,033
0
Employer contribution / active EE
$0
median $1,293
61
Participation rate
84.4%
median 77.0%
72
Avg account balance
$60,017
median $47,645
85
Admin fee / account holder
$10
median $38
75
Annual return
20.02%
median 18.04%
Overall peer rank
74of 100
74th percentileavg across 6 metrics
Analytics
2015 - 2017
Total assets (EOY)
Plan-year ending balance
$1.17B
Average account balance
Total assets / participants with a balance (line 6g)
$60K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,447
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
84.4%
Contributions (total)
Employer and participant dollars contributed each year
$88.41M
Contributions per participant
Average employer and participant contribution per enrolled participant
$5K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+20.02%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$10
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | -$815,913 |
Top hat statement on fileNQDC
Filed August 8, 2023 (most recent of 2 filings on file)
Plan administrator
Plans declared (1)
- Special Non-Qualified Retirement Plan II1 emp
Plan features & details
Pension benefit codes2F2G2L
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
Opportunity flags
2 tripped
- ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$200K
$11 / participant
- Other / not subdivided$200K100.0%
% of EOY assets
0.017%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BAKER TILLY VIRCHOW KRAUSE, LLP
- Auditor EIN
- 390859910
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified