Retirement plan
EMPLOYEES' RETIREMENT PLAN OF UNITED HEALTH SERVICES
UNITED HEALTH SERVICES HOSPITALS INCEIN 16-1165049Plan #001PY 2023
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JENNIFER BAGGERMAN
Signed 10/13/2024
Summary metrics
Total assets (EOY)
$252.6M
-8.0% from 2016
Total participants
3,864
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
12.67%
-8.52 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort100 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $214
61
Employer contribution / active EE
$15,972
median $4,624
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $13,363
0
Admin fee / account holder
$0
median $125
73
Annual return
12.67%
median 9.85%
Overall peer rank
67of 100
67th 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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
BUCK GLOBAL, LLC6 years Service code 11 · EIN 83-1116912 | Actuarial | $773,298 |
THE VANGUARD GROUP, INC.9+ years Service code 26 · EIN 23-2811930 | Advisory (Participants) | $249,190 |
Enrolled actuary
1 attachment
SB
THOMAS BILLONE
BUCK GLOBAL, LLC
Enrollment #2305567
1205 WESTLAKES DRIVE, SUITE 290
BERWYN, PA 193121178
(610) 647-6400
Signed 2024-10-01
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.
Plan features & details
Pension benefit codes1A1C
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$4.0M
$2780 / participant
- Trustee / custodial$65K1.6%
- Investment mgmt$157K3.9%
- Actuarial$773K19.3%
- Other / not subdivided$3M75.1%
% of EOY assets
1.585%
all-in expense ratio
Categories reported
3 / 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