Retirement plan
UNIVERSITY HOSPITALS HEALTH SYSTEM, INC. RETIREMENT PLAN
UNIVERSITY HOSPITALS HEALTH SYSTEMEIN 34-0714775Plan #333PY 2016
3605 WARRENSVILLE CENTER ROAD - SHAKER HEIGHTS, OH 44122216-844-1000
Other plans on this EIN
2 filingsProspect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
THOMAS SNOWBERGER
Signed 10/16/2017
Summary metrics
Total assets (EOY)
$817M
-10.5% from 2016
Total participants
29,595
-1.3% from 2016
Average account balance
$0
No prior year
Annual return
3.46%
-5.02 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort33 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $149
56
Employer contribution / active EE
$6,467
median $6,053
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
19
Annual return
3.46%
median 5.65%
Overall peer rank
38of 100
38th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$919.58M
Average account balance
Total assets / participants with a balance (line 6g)
$24K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
13,852
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
$30.20M
Contributions per participant
Average employer and participant contribution per enrolled participant
$1K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.62%
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 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
AON CONSULTING INC2+ years Service code 11 · EIN 22-2232264 | Actuarial | $1,661,124 |
WELLINGTON TRUST CO2+ years Service code 28 · EIN 04-2683227 | Investment Management | $662,166 |
THE BANK OF NEW YORK MELLON2+ years Service code 21 · EIN 25-0659306 | Bank Trustee | $148,999 |
LOOMIS SAYLES HY FUND2+ years Service code 28 · EIN 39-6797388 | Investment Management | $142,482 |
COMMINGLED PENSION TRUST FUND2+ years Service code 28 · EIN 13-6038770 | Investment Management | $125,934 |
WELLINGTON MANAGEMENT COMPANY2+ years Service code 28 · EIN 04-2683227 | Investment Management | $66,205 |
J.P. MORGAN INVESTMENT1 year Service code 20 · EIN 13-3200244 | Investment management; Trustee (indiv... | $63,853 |
MELLON CAPITAL MANAGEMENT2+ years Service code 28 · EIN 25-1442864 | Investment Management | $25,967 |
BANK ONE INV ADV CORP.2+ years Service code 28 · EIN 31-1192865 | Investment Management | $22,436 |
Enrolled actuary
1 attachment
SB
JASON M. BRAVO
AON CONSULTING, INC.
Enrollment #1705569
5005 ROCKSIDE ROAD, SUITE 1000
INDEPENDENCE, OH 441316828
(216) 573-9700
Signed 2017-09-27
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 codes1A1C3H
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).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 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
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$13.6M
$738 / participant
- Investment mgmt$1M8.6%
- Other / not subdivided$12M91.4%
% of EOY assets
1.661%
all-in expense ratio
Categories reported
1 / 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, LLP
- Auditor EIN
- 135565207
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer