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Retirement plan

ROCHESTER GENERAL HEALTH SYSTEM EMPLOYEE RETIREMENT PLAN

ROCHESTER GENERAL HEALTH SYSTEMEIN 22-2551509Plan #001PY 2021
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RIEDMAN CAMPUS 100 KINGS HIGHWAY S. - ROCHESTER, NY 146175504585-922-4000
Prospect flagsHigh cashLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(585) 922-4000
Plan administrator signer
HOWARD GLASTONBURY
Signed 10/13/2022
How to read this page

Summary metrics

Total assets (EOY)
$825.6M
-5.8% from 2016
Total participants
14,469
-1.5% from 2016
Average account balance
$0
No prior year
Annual return
11.10%
-9.92 pp from 2016

Benchmarks

See 32 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants5,000-9,999
Cohort32 peers
Snapshot2021
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$1,408
median $3,570
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
11.10%
median 10.92%
Overall peer rank
32nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$717.05M
Average account balance
Total assets / participants with a balance (line 6g)
$46K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,974
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
$134.80M
Contributions per participant
Average employer and participant contribution per enrolled participant
$18K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.77%
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 10 of 15 by compensation
ProviderService typeCompensation
MERCER7+ years
Service code 11 ยท EIN 13-2834414
Actuarial
$312,439
ROCHESTER GENERAL HEALTH SYSTEM1 year
Service code 14 ยท EIN 22-2551509
100 KINGS HIGHWAY ยท ROCHESTER, NY 146175504
Plan Administrator
$284,406
NEPC, LLC7+ years
Service code 17 ยท EIN 26-1429809
Pension Consulting
$253,076
JENNISON GLOBAL OPPORTUNITY FUND4 years
Service code 51 ยท EIN 23-6994310
Investment Mgmt Fees
$243,437
KEY BANK NATL ASSOC (IAS TRUSTEE)1 year
Service code 13 ยท EIN 34-0797057
Contract Administrator
$168,142
JOHNSTON INTERNATIONAL EQUITY GROUP1 year
Service code 51
300 ATLANTIC STREET ยท STAMFORD, CT 06901
Investment Mgmt Fees
$161,690
AXIOM CAPITAL GROUP3 years
Service code 51
67 SOUTH BEDFORD STREET, SUITE 400W ยท BURLINGTON, MA 01803
Investment Mgmt Fees
$155,794
INVESCO TRUST COMPANY3 years
Service code 51 ยท EIN 46-3793325
Investment Mgmt Fees
$151,438
PARAMETRIC4 years
Service code 51 ยท EIN 41-0995965
Investment Mgmt Fees
$129,420
WILLIS TOWERS WATSON DELAWARE1 year
Service code 27 ยท EIN 53-0181291
Advisory (Plan)
$124,860

Enrolled actuary

1 attachment
SB

TODD WEBER, E.A., M.A.A.A.

MERCER
Enrollment #2006399
70 LINDEN OAKS, SUITE 310
ROCHESTER, NY 14625
(585) 389-8700
Signed 2022-10-06

Top hat statement on fileNQDC

Filed December 7, 2001 (most recent of 2 filings on file)

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 codes1A
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).

Opportunity flags

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityHigh cash

    More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II
Admin total
$5.7M
$801 / participant
  • Investment mgmt$1M19.8%
  • Other / not subdivided$5M80.2%
% of EOY assets
0.689%
all-in expense ratio
Categories reported
1 / 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