PlanOptica
Retirement plan

COMMONSPIRIT HEALTH 401(K) RETIREMENT SAVINGS PLAN

COMMONSPIRIT HEALTHEIN 47-0617373Plan #002PY 2023
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3900 OLYMPIC BOULEVARD, SUITE 300 - ERLANGER, KY 410181099859-594-3267commonspirit.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#010Retirement-$2.61B assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(859) 594-3267
Plan administrator signer
ELIZABETH MECKENSTOCK
Signed 10/13/2024
How to read this page

Summary metrics

Total assets (EOY)
$7871.3M
-35.4% from 2016
Total participants
130,882
-1.1% from 2016
Average account balance
$64,124
-33.4% from 2016
Annual return
29.43%
-9.68 pp from 2016

Benchmarks

See 255 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
Participant deferral / active EE
$6,360
median $4,532
Employer contribution / active EE
$3,588
median $1,894
Participation rate
91.0%
median 86.5%
Avg account balance
$64,124
median $57,968
Admin fee / account holder
$33
median $47
Annual return
29.43%
median 18.72%
Overall peer rank
71st 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 3 by compensation
ProviderService typeCompensation
FIDELITY INVEST INST5 years
Service code 37 · EIN 04-2647786
Loan Processing
$4,027,667
POLSINELLI9+ years
Service code 29 · EIN 43-1064260
Legal
$45,476
FID INV INST OPS CO9+ 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
$4.1M
$45 / participant
  • Recordkeeping$4M98.8%
  • Legal$45K1.1%
  • Other / not subdivided$4K0.1%
% of EOY assets
0.052%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified