Retirement plan
UNIVERSITY HOSPITALS HEALTH SYSTEM 403(B) MATCHED RETIREMENT SAVINGS PLAN
UNIVERSITY HOSPITALS HEALTH SYSTEMEIN 34-0714775Plan #003PY 2016
11100 EUCLID AVENUE - CLEVELAND, OH 441066035216-844-1000
Other plans on this EIN
2 filingsProspect flagsFailed to provide benefitCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
TOM SNOWBERGER
Signed 10/16/2017
Summary metrics
Total assets (EOY)
$835.9M
-13.7% from 2016
Total participants
29,054
-11.2% from 2016
Average account balance
$31,120
-0.6% from 2016
Annual return
8.66%
-7.68 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
56
Participant deferral / active EE
$3,393
median $2,952
39
Employer contribution / active EE
$1,031
median $1,144
72
Participation rate
89.6%
median 73.8%
28
Avg account balance
$31,120
median $42,315
41
Admin fee / account holder
$37
median $30
48
Annual return
8.66%
median 8.69%
Overall peer rank
47of 100
47th 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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $968,823 |
KPMG, LLP1 year Service code 10 · EIN 13-5565207 | Accounting | $32,000 |
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
Plans declared (1)
- Executive Retention Policy5 emp
Plan features & details
Pension benefit codes2M2R2S2T2L
Plan features
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
2 tripped
- 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
$1000K
$47 / participant
- Other / not subdivided$1000K100.0%
% of EOY assets
0.120%
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
- KPMG
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer