PlanOptica
Retirement plan

UNIVERSITY HOSPITALS HEALTH SYSTEM, INC. RETIREMENT PLAN

UNIVERSITY HOSPITALS HEALTH SYSTEMEIN 34-0714775Plan #333PY 2022
Sign in to saveView 5500 PDF
3605 WARRENSVILLE CENTER ROAD - SHAKER HEIGHTS, OH 44122216-844-1000
Other plans on this EIN
2 filings
#003Retirement-$1.75B assets#004Retirement-$615.2M assets
Prospect flagsHigh feesLow participationLow assets / participantHigh assets / participantWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(216) 844-1000
Plan administrator signer
THOMAS SNOWBERGER
Signed 10/13/2023
How to read this page

Summary metrics

Total assets (EOY)
$856.8M
-10.5% from 2016
Total participants
34,924
-1.3% from 2016
Average account balance
$1,469,698
No prior year
Annual return
-13.53%
-5.02 pp from 2016

Benchmarks

See 204 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort204 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$0
median $6,003
Participation rate
0.0%
median 0.0%
Avg account balance
$1,469,698
median $1,469,698
Admin fee / account holder
$19,323
median $19,323
Annual return
-13.53%
median -13.75%
Overall peer rank
13th 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 10 of 22 by compensation
ProviderService typeCompensation
AON CONSULTING INC8+ years
Service code 11 · EIN 22-2232264
Actuarial
$1,635,657
WELLINGTON MANAGEMENT COMPANY8+ years
Service code 28 · EIN 04-2683227
Investment Management
$591,570
CAMBRIDGE ASSOCIATES3 years
Service code 16
125 HIGH STREET · BOSTON, MA 02110
Consulting
$445,200
THE CARLYLE GROUP4 years
Service code 28
600 TRAVIS ST · HOUSTON, TX 77002
Investment Management
$200,795
LOOMIS SAYLES HY FUND8+ years
Service code 28 · EIN 39-6797388
Investment Management
$184,723
HIG ADVANTAGE BUYOUT FUND LP2 years
Service code 28 · EIN 36-4867059
Investment Management
$182,832
STATE STREET CUSTODY RET PLAN2 years
Service code 15
PO BOX 75199 · CHICAGO, IL 606755199
Recordkeeping
$136,511
STATE STREET BANK AND TRUST CO.5 years
Service code 21
ONE STATE STREET PLAZA · NEW YORK, NY 10004
Bank Trustee
$124,447
KPMG LLP1 year
Service code 10 · EIN 13-5565207
Accounting
$80,000
DYAL CAPITAL PARTNERS IV2 years
Service code 28
1290 AVENUE OF THE AMERICAS · NEW YORK, NY 10104
Investment Management
$61,007

Enrolled actuary

1 attachment
SB

JASON M. BRAVO

AON CONSULTING, INC.
Enrollment #2305569
MSC# 17854 P.O. BOX 7505
FORT WASHINGTON, PA 19034
(216) 430-4732
Signed 2023-09-19

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 codes1A1C3H
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).
  • 1C
    Cash balance or similar plan
    A 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).
  • 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

5 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$11.3M
$486 / participant
  • Investment mgmt$877K7.8%
  • Other / not subdivided$10M92.2%
% of EOY assets
1.315%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
KPMG, LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Unqualified