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Retirement plan

EMPLOYEES' RETIREMENT PLAN OF UNITED HEALTH SERVICES

UNITED HEALTH SERVICES HOSPITALS INCEIN 16-1165049Plan #001PY 2021
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10-42 MITCHELL AVENUE - BINGHAMTON, NY 13903607-763-6000LinkedIn1-10 employeesmedical practice
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(607) 763-6000
Plan administrator signer
SHERI A. LAMOUREUX
Signed 10/09/2022
How to read this page

Summary metrics

Total assets (EOY)
$330M
-8.0% from 2016
Total participants
4,164
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
8.74%
-8.52 pp from 2016

Benchmarks

See 124 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort124 peers
Snapshot2021
Participant deferral / active EE
$0
median $223
Employer contribution / active EE
$0
median $5,912
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $364,566
Admin fee / account holder
$0
median $561
Annual return
8.74%
median 9.75%
Overall peer rank
37th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$249.00M
Average account balance
Total assets / participants with a balance (line 6g)
$68K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,340
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$16.08M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.11%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
BUCK GLOBAL, LLC4 years
Service code 11 · EIN 83-1116912
Actuarial
$907,072
THE VANGUARD GROUP, INC.7+ years
Service code 21 · EIN 23-2811930
Bank Trustee
$263,631
JZ MEDIA, LLC1 year
Service code 99
161 COOLIDGE AVENUE · ENGLEWOOD, NJ 07631
Other Fees
$11,435

Enrolled actuary

1 attachment
SB

THOMAS BILLONE

BUCK GLOBAL, LLC
Enrollment #2005567
1205 WESTLAKES DRIVE, SUITE 290
BERWYN, PA 193121178
(610) 647-6400
Signed 2022-10-06

Top hat statement on fileNQDC

Filed October 13, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$1.6M
$895 / participant
  • Investment mgmt$188K12.1%
  • Contract admin$75K4.8%
  • Other / not subdivided$1M83.1%
% of EOY assets
0.473%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
FREED MAXICK CPAS, P.C.
Auditor EIN
454051133
Audit fees
(not subdivided)
Opinion code
Unqualified