Retirement plan
DETROIT MEDICAL CENTER CONSOLIDATED PENSION PLAN
VHS OF MICHIGANEIN 27-2396331Plan #002PY 2021
3663 WOODWARD AVENUE, SUITE 200 - DETROIT, MI 482012403313-578-2063LinkedIn10001+ employeesmedical practice
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$870.2M
+2.0% from 2016
Total participants
10,681
+14.4% from 2016
Average account balance
$0
No prior year
Annual return
7.08%
-8.25 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort124 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $223
28
Employer contribution / active EE
$5,051
median $5,912
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $364,566
0
Admin fee / account holder
$0
median $561
28
Annual return
7.08%
median 9.75%
Overall peer rank
28of 100
28th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$572.87M
Average account balance
Total assets / participants with a balance (line 6g)
$66K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,262
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
$23.86M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-0.58%
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 8 by compensation
| Provider | Service type | Compensation |
|---|---|---|
MILLIMAN, INC.7+ years Service code 11 · EIN 91-0675641 | Actuarial | $1,083,935 |
THE BANK OF NEW YORK MELLON7+ years Service code 18 · EIN 13-5160382 | Custodial (other than securities) | $427,319 |
Service code 28 · EIN 74-2798841 | Investment Management | $409,245 |
Service code 28 · EIN 04-3200030 | Investment Management | $266,909 |
Service code 65 · EIN 26-4310632 | Account Maintenance | $266,056 |
PLANTE MORAN, PLLC1 year Service code 10 · EIN 38-1357951 | Accounting | $42,500 |
MORGAN STANLEY2 years Service code 28 · EIN 20-8764829 | Investment Management | $20,117 |
Service code 29 · EIN 27-5546855 | Legal | $6,062 |
Enrolled actuary
1 attachment
SB
WILLIAM STRANGE
MILLIMAN, INC.
Enrollment #2007903
10000 N. CENTRAL EXPRESSWAY
SUITE 1500
DALLAS, TX 752314177
(214) 863-5516
Signed 2022-10-11
Plan features & details
Pension benefit codes1A3H1I
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).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
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
$10.6M
$5119 / participant
- Investment mgmt$958K9.0%
- Contract admin$693K6.5%
- Other / not subdivided$9M84.5%
% of EOY assets
1.224%
all-in expense ratio
Categories reported
2 / 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
- PLANTE & MORAN, PLLC
- Auditor EIN
- 381357951
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer