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Retirement plan

CATHOLIC HEALTH INITIATIVES 401(K) PLAN

CATHOLIC HEALTH INITIATIVESEIN 47-0617373Plan #002PY 2018
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3900 OLYMPIC BOULEVARD, SUITE 400 - ERLANGER, KY 410181099859-594-3267commonspirit.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#010Retirement-$1.99B assets#008Retirement-$86 assets
Prospect flagsLow returnsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(859) 594-3267
Plan administrator signer
TROY LINDON
Signed 10/09/2019
How to read this page

Summary metrics

Total assets (EOY)
$3262.9M
-35.4% from 2016
Total participants
114,253
-1.1% from 2016
Average account balance
$30,902
-33.4% from 2016
Annual return
-5.99%
-9.68 pp from 2016

Benchmarks

See 224 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort224 peers
Snapshot2018
Participant deferral / active EE
$4,747
median $3,263
Employer contribution / active EE
$2,912
median $1,456
Participation rate
90.8%
median 81.9%
Avg account balance
$30,902
median $42,754
Admin fee / account holder
-$16
median $39
Annual return
-5.99%
median -4.42%
Overall peer rank
58th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$8.83B
Average account balance
Total assets / participants with a balance (line 6g)
$524K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
35,415
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
$928.92M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+10.58%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$120
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 8 by compensation
ProviderService typeCompensation
SHERRY OTTE4+ years
Service code 16 · EIN 27-1459442
Consulting
$144,021
CATHOLIC HEALTH INITIATIVES3 years
Service code 14 · EIN 47-0617373
Plan Administrator
$76,259
POLSINELLI4+ years
Service code 29 · EIN 43-1064260
Legal
$72,664
SUMMIT STRATEGIES INC.3 years
Service code 27 · EIN 43-1708520
Advisory (Plan)
$55,078
TRUE NORTH CUSTOM PUBLISHING, LLC2 years
Service code 16 · EIN 62-1764489
Consulting
$31,392
QDRO CONSULTANTS COMPANY, LLC4+ years
Service code 16 · EIN 34-1820650
Consulting
$17,950
GUIDESPARK INC.3 years
Service code 16 · EIN 26-2229810
Consulting
$10,474
FID INV INST OPS CO4+ years
Service code 37 · EIN 04-2647786
Loan Processing
-$2,072,580

Top hat statement on fileNQDC

Filed June 1, 2006 (most recent of 2 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.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H2S
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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 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

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
-$1.7M
$-18 / participant
  • Investment mgmt$55K0.0%
% of EOY assets
-0.052%
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
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Disclaimer