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Retirement plan

UNIVERSITY HOSPITALS HEALTH SYSTEM 403(B) MATCHED RETIREMENT SAVINGS PLAN

UNIVERSITY HOSPITALS HEALTH SYSTEMEIN 34-0714775Plan #003PY 2024
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11100 EUCLID AVENUE - CLEVELAND, OH 441066035216-844-1000
Other plans on this EIN
2 filings
#333Retirement-$919.6M assets#004Retirement-$766.9M assets
Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(216) 844-1000
Plan administrator signer
TOM SNOWBERGER
Signed 10/14/2025
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Summary metrics

Total assets (EOY)
$2463.8M
-13.7% from 2016
Total participants
38,968
-11.2% from 2016
Average account balance
$66,344
-0.6% from 2016
Annual return
15.16%
-7.68 pp from 2016

Benchmarks

See 275 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
Participant deferral / active EE
$5,280
median $4,708
Employer contribution / active EE
$1,475
median $2,014
Participation rate
93.9%
median 86.4%
Avg account balance
$66,344
median $64,875
Admin fee / account holder
$52
median $50
Annual return
15.16%
median 14.66%
Overall peer rank
54th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.46B
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.
37,137
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
93.9%
Contributions (total)
Employer and participant dollars contributed each year
$201.90M
Contributions per participant
Average employer and participant contribution per enrolled participant
$7K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.16%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$52
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years
Service code 37 · EIN 04-2647786
Loan Processing
$1,734,508
STRATEGIC ADVISORS, INC.2 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$91,036
KPMG LLP4 years
Service code 29 · EIN 13-5565207
Legal
$68,333
SEYFARTH SHAW LLP4 years
Service code 29 · EIN 36-2152202
Legal
$26,120
WEALTH MANAGEMENT SYSTEMS INC7 years
Service code 49 · EIN 22-3734996
Other Services
$0

Top hat statement on fileNQDC

Filed April 22, 2016 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
3605 Warrensville Center Road
Shaker Heights State: OH Zip Code: 44122
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Executive Retention Policy5 emp
Open the filing PDF

Plan features & details

Pension benefit codes2L2M2R2S2T3H
Plan features
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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.
  • 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
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$1.9M
$64 / participant
  • Recordkeeping$2M89.7%
  • Investment mgmt$91K4.7%
  • Legal$94K4.9%
  • Contract admin$12K0.6%
% of EOY assets
0.078%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
KPMG
Auditor EIN
135565207
Audit fees
$0
Opinion code
Unqualified