Retirement plan
DEACONESS HEALTH SYSTEM, INC. 401(K) PLAN
DEACONESS HEALTH SYSTEM, INC.EIN 35-1532889Plan #010PY 2020
600 MARY STREET - EVANSVILLE, IN 47747812-450-5000deaconess.comLinkedIn5001-10000 employeeshospital & health care
Other plans on this EIN
2 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
SHERI BROWN
Signed 10/15/2021
Summary metrics
Total assets (EOY)
$521.9M
-12.7% from 2016
Total participants
10,030
-3.3% from 2016
Average account balance
$53,946
-9.8% from 2016
Annual return
20.58%
-7.58 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort223 peers
Snapshot2020
46
Participant deferral / active EE
$3,585
median $3,401
55
Employer contribution / active EE
$1,944
median $1,441
69
Participation rate
95.6%
median 85.9%
52
Avg account balance
$53,946
median $52,876
84
Admin fee / account holder
$14
median $49
88
Annual return
20.58%
median 16.21%
Overall peer rank
66of 100
66th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$854.60M
Average account balance
Total assets / participants with a balance (line 6g)
$67K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
12,818
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
84.6%
Contributions (total)
Employer and participant dollars contributed each year
$74.18M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.19%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$61
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 |
|---|---|---|
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $22,311 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$156,280 |
Top hat statement on fileNQDC
Filed October 23, 2014 (most recent of 5 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes2E2G2J2K3H2A2S
Plan features
- 2AAge/service weighted or new comparability planAge/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
- 2EProfit-sharingProfit-sharing plan.
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 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
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$134K
$16 / participant
- Other / not subdivided$134K100.0%
% of EOY assets
0.026%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BLUE & CO, LLC
- Auditor EIN
- 351178661
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified