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Retirement plan

CATHOLIC HEALTH INITIATIVES 401(K) PLAN

CATHOLIC HEALTH INITIATIVESEIN 47-0617373Plan #002PY 2019
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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-$2.29B assets#008Retirement--
Prospect flagsCorrective 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 09/15/2020
How to read this page

Summary metrics

Total assets (EOY)
$4520.8M
-35.4% from 2016
Total participants
117,117
-1.1% from 2016
Average account balance
$40,355
-33.4% from 2016
Annual return
25.25%
-9.68 pp from 2016

Benchmarks

See 230 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2019
Participant deferral / active EE
$5,508
median $3,454
Employer contribution / active EE
$3,338
median $1,544
Participation rate
94.3%
median 83.1%
Avg account balance
$40,355
median $50,526
Admin fee / account holder
$31
median $44
Annual return
25.25%
median 22.63%
Overall peer rank
69th 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
FIDELITY INVEST INST1 year
Service code 37 · EIN 04-2647786
Loan Processing
$3,119,066
SHERRY OTTE5+ years
Service code 16 · EIN 27-1459442
Consulting
$121,506
POLSINELLI5+ years
Service code 29 · EIN 43-1064260
Legal
$79,101
MERCER5+ years
Service code 27 · EIN 13-2834414
Advisory (Plan)
$62,115
CATHOLIC HEALTH INITIATIVES4 years
Service code 14 · EIN 47-0617373
Plan Administrator
$57,324
TRUE NORTH CUSTOM PUBLISHING, LLC3 years
Service code 16 · EIN 62-1764489
Consulting
$18,385
GUIDESPARK INC.4 years
Service code 38 · EIN 26-2229814
Participant Communication
$10,997
FID INV INST OPS CO5+ years
Service code 60
Sub-TA Fees
$0

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

1 tripped
  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$3.5M
$39 / participant
  • Investment mgmt$62K1.8%
  • Other / not subdivided$3M98.2%
% of EOY assets
0.077%
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