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Retirement plan

UHHS 401(K) RETIREMENT SAVINGS PLAN

UHHSEIN 34-0714775Plan #004PY 2023
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3605 WARRENSVILLE CENTER ROAD - SHAKER HEIGHTS, OH 44135216-844-1000
Other plans on this EIN
2 filings
#003Retirement-$2.12B assets#333Retirement-$890.8M 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
THOMAS SNOWBERGER
Signed 10/08/2024
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Summary metrics

Total assets (EOY)
$702.9M
-7.4% from 2016
Total participants
8,286
-3.0% from 2016
Average account balance
$86,839
-1.7% from 2016
Annual return
18.22%
+96.34 pp from 2016

Benchmarks

See 1,405 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants1,000-4,999
Cohort1,405 peers
Snapshot2023
Participant deferral / active EE
$6,150
median $2,651
Employer contribution / active EE
$985
median $1,054
Participation rate
95.9%
median 74.5%
Avg account balance
$86,839
median $34,814
Admin fee / account holder
$90
median $88
Annual return
18.22%
median 17.96%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$766.88M
Average account balance
Total assets / participants with a balance (line 6g)
$70K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
10,894
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
88.6%
Contributions (total)
Employer and participant dollars contributed each year
$35.02M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.33%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$63
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 INSTITUTIONAL9+ years
Service code 37 · EIN 04-2647786
Loan Processing
$568,169
SEYFARTH SHAW LLP2 years
Service code 29 · EIN 36-2152202
Legal
$94,885
KPMG LLP1 year
Service code 10 · EIN 13-5565207
Accounting
$61,137
STRATEGIC ADVISORS, INC.1 year
Service code 27 · EIN 04-2654524
Advisory (Plan)
$7,943
WEALTH MANAGEMENT SYSTEMS INC6 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 codes2F2G2J2R2S2T3H2E
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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.
  • 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
$732K
$157 / participant
  • Recordkeeping$567K77.5%
  • Investment mgmt$8K1.1%
  • Legal$95K13.0%
  • Contract admin$9240.1%
  • Other / not subdivided$61K8.4%
% of EOY assets
0.104%
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
$61,137
Opinion code
Unqualified