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Retirement plan

UNITY HEALTH SYSTEM 401(K) SAVINGS PLAN

UNITY HEALTH SYSTEMEIN 22-2572873Plan #005PY 2016
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100 KINGS HIGHWAY SOUTH, BUILDING C - ROCHESTER, NY 14617585-368-3528
Other plans on this EIN
2 filings
#001Retirement-$226.8M assets#006Retirement-$164.1M assets
Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(585) 368-3528
Plan administrator signer
TOM CRILLY
Signed 10/16/2017
How to read this page

Summary metrics

Total assets (EOY)
$19.4M
-14.6% from 2016
Total participants
775
-3.5% from 2016
Average account balance
$33,645
-11.1% from 2016
Annual return
11.44%
-8.37 pp from 2016

Benchmarks

See 3,732 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants250-999
Cohort3,732 peers
Snapshot2016
Participant deferral / active EE
$2,913
median $1,357
Employer contribution / active EE
$289
median $720
Participation rate
64.8%
median 68.4%
Avg account balance
$33,645
median $24,366
Admin fee / account holder
$19
median $44
Annual return
11.44%
median 7.25%
Overall peer rank
61st percentileavg across 6 metrics

Analytics

2015 - 2017
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$34K
Not enough data
2 years with per-participant data
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
576
Not enough data
2 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
64.8%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$812K
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-99.33%
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
Not enough data
2 years with F_SCH_H allocation on file

Service providers

Top 4 by compensation
ProviderService typeCompensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years
Service code 12 · EIN 13-3689044
Recordkeeping fees; Distribution (12b...
$11,070
CHARLES SCHWAB & CO, INC.2+ years
Service code 33
Securities brokerage commissions and ...
$0
CHARLES SCHWAB & CO., INC.2+ years
Service code 33 · EIN 94-1737782
Securities brokerage; Securities brok...
$0
NATIONAL FINANCIAL SERVICES2+ years
Service code 33 · EIN 04-3523567
Securities brokerage; Securities brok...
$0

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 codes2F2G2J2K2R2T3D3H
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • 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
$11K
$20 / participant
  • Other / not subdivided$11K100.0%
% of EOY assets
0.057%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
FREED MAXICK CPAS PC
Auditor EIN
161608956
Audit fees
(not subdivided)
Opinion code
Disclaimer