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Retirement plan

UNIVERSITY HOSPITALS HEALTH SYSTEM, INC. RETIREMENT PLAN

UNIVERSITY HOSPITALS HEALTH SYSTEMEIN 34-0714775Plan #333PY 2023
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3605 WARRENSVILLE CENTER ROAD - SHAKER HEIGHTS, OH 44122216-844-1000
Other plans on this EIN
2 filings
#003Retirement-$2.12B assets#004Retirement-$702.9M assets
Prospect flagsLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(216) 844-1000
Plan administrator signer
THOMAS SNOWBERGER
Signed 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$890.8M
-10.5% from 2016
Total participants
36,308
-1.3% from 2016
Average account balance
$0
No prior year
Annual return
6.86%
-5.02 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$998
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
6.86%
median 8.27%
Overall peer rank
21st 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 33 by compensation
ProviderService typeCompensation
AON CONSULTING INC9+ years
Service code 11 · EIN 22-2232264
Actuarial
$1,556,568
WELLINGTON MANAGEMENT1 year
Service code 27
280 CONGRESS STREET · BOSTON, MA 02210
Advisory (Plan)
$868,891
CAMBRIDGE ASSOCIATES4 years
Service code 16
125 HIGH STREET · BOSTON, MA 02110
Consulting
$445,200
BLUE OWL GP STAKES IV OFFSHR INV LP1 year
Service code 27
399 PARK AVENUE, 37TH FLOOR, · NEW YORK, NY 10022
Advisory (Plan)
$323,022
STATE STREET CUSTODY RET PLAN3 years
Service code 15
PO BOX 75199 · CHICAGO, IL 606755199
Recordkeeping
$229,941
JMI EQUITY FUND XI B LP1 year
Service code 28
100 INTERNATIONAL DRIVE, SUITE 1910 · BALTIMORE, MD 21202
Investment Management
$184,800
THE CARLYLE GROUP5 years
Service code 28
600 TRAVIS ST · HOUSTON, TX 77002
Investment Management
$170,095
PINEBRIDGE CO1 year
Service code 28
2727 ALLEN PKWY · HOUSTON, TX 77019
Investment Management
$164,201
BLACKSTONE INC.4 years
Service code 28
345 PARK AVENUE · NEW YORK, NY 10154
Investment Management
$91,978
AACP TAX EXEMPT INV ERISA1 year
Service code 28
ONE EMBARCADERO CENTER · SAN FRANCISCO, CA 94111
Investment Management
$91,866

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 2024-09-25

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

1 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$22.3M
$945 / participant
  • Trustee / custodial$269K1.2%
  • Investment mgmt$2M7.5%
  • Actuarial$327K1.5%
  • Contract admin$852K3.8%
  • Other / not subdivided$19M86.0%
% of EOY assets
2.499%
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, LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Unqualified