PlanOptica
Retirement plan

UNITY HEALTH SYSTEM RETIREMENT PLAN

UNITY HEALTH SYSTEMEIN 22-2572873Plan #001PY 2022
Sign in to saveView 5500 PDF
100 KINGS HIGHWAY SOUTH, BUILDING C - ROCHESTER, NY 146175504585-922-1100
Prospect flagsHigh retiree %Low returnsHigh cashWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(585) 922-1100
Plan administrator signer
HOWARD GLASTONBURY
Signed 10/13/2023
How to read this page

Summary metrics

Total assets (EOY)
$301M
-12.3% from 2016
Total participants
9,433
+1.6% from 2016
Average account balance
$0
No prior year
Annual return
-24.41%
-10.05 pp from 2016

Benchmarks

See 112 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort112 peers
Snapshot2022
Participant deferral / active EE
$0
median $212
Employer contribution / active EE
$0
median $5,024
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-24.41%
median -16.07%
Overall peer rank
6th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$343.05M
Average account balance
Total assets / participants with a balance (line 6g)
$34K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,358
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
$22.38M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.84%
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 by compensation
ProviderService typeCompensation
MERCER6 years
Service code 11 · EIN 13-2834414
Actuarial
$279,287
NORTHERN TRUST COMPANY8+ years
Service code 13 · EIN 36-1561860
Contract Administrator
$211,580
PARAMETRIC7 years
Service code 51 · EIN 20-0292745
Investment Mgmt Fees
$113,371
WILLIS TOWERS WATSON4 years
Service code 11 · EIN 53-0181291
Actuarial
$99,305
NEPC7 years
Service code 17 · EIN 26-1429809
Pension Consulting
$93,694
JOHNSTON INTERNATIONAL1 year
Service code 51 · EIN 53-0237142
Investment Mgmt Fees
$61,508
BLACKROCK1 year
Service code 51 · EIN 94-3112180
Investment Mgmt Fees
$54,709
INVESCO CAPITAL MANAGEMENT4 years
Service code 51 · EIN 58-1707262
Investment Mgmt Fees
$52,314
HOTCHKIS & WILEY CAP MGMT5 years
Service code 51 · EIN 95-4871957
Investment Mgmt Fees
$42,888
UNITY HEALTH SYSTEM-SALARY EXPENSES7 years
Service code 35 · EIN 23-7221763
Employee (plan sponsor)
$7,342

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 2023-09-27

Top hat statement on fileNQDC

Filed January 17, 2006 (most recent of 3 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 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

4 tripped
  • OpportunityLow returns

    Annual investment return 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.

  • 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
$4.3M
$1230 / participant
  • Investment mgmt$325K7.5%
  • Contract admin$212K4.9%
  • Other / not subdivided$4M87.6%
% of EOY assets
1.434%
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