PlanOptica
Retirement plan

DETROIT MEDICAL CENTER CONSOLIDATED PENSION PLAN

VHS OF MICHIGANEIN 27-2396331Plan #002PY 2022
Sign in to saveView 5500 PDF
3663 WOODWARD AVENUE, SUITE 200 - DETROIT, MI 482012403313-578-2063LinkedIn10001+ employeesmedical practice
Prospect flagsHigh retiree %Low employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(313) 578-2063
How to read this page

Summary metrics

Total assets (EOY)
$650.5M
+2.0% from 2016
Total participants
10,510
+14.4% from 2016
Average account balance
$0
No prior year
Annual return
-18.60%
-8.25 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
$930
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
-18.60%
median -16.07%
Overall peer rank
22nd 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 6 by compensation
ProviderService typeCompensation
MILLIMAN, INC.8+ years
Service code 11 · EIN 91-0675641
Actuarial
$761,999
THE BANK OF NEW YORK MELLON8+ years
Service code 18 · EIN 13-5160382
Custodial (other than securities)
$403,874
WESTERN ASSET MANAGEMENT CO1 year
Service code 28 · EIN 20-2721676
Investment Management
$377,194
SAGE ADVISORY SVCS., LTD CO.2 years
Service code 28 · EIN 74-2798841
Investment Management
$341,002
MORGAN STANLEY SMITH BARNEY2 years
Service code 28 · EIN 26-4310632
Investment Management
$283,305
LOOMIS SAYLES & COMPANY, LP2 years
Service code 28 · EIN 04-3200030
Investment Management
$189,813

Enrolled actuary

1 attachment
SB

WILLIAM STRANGE

MILLIMAN, INC.
Enrollment #2307903
12790 MERIT DRIVE
SUITE 800
DALLAS, TX 752511217
(214) 863-5516
Signed 2023-10-09

Plan features & details

Pension benefit codes1A3H1I
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).
  • 1I
    Frozen plan
    As 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.
  • 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

2 tripped
  • OpportunityLow employer contribution

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

  • 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
$10.3M
$5722 / participant
  • Investment mgmt$2M15.6%
  • Contract admin$404K3.9%
  • Other / not subdivided$8M80.5%
% of EOY assets
1.586%
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
PLANTE & MORAN, PLLC
Auditor EIN
381357951
Audit fees
(not subdivided)
Opinion code
Unqualified