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Retirement plan

CATHOLIC HEALTH INITIATIVES RETIREMENT PLAN FOR FOR-PROFIT ENTITIES

CATHOLIC HEALTH INITIATIVESEIN 47-0617373Plan #008PY 2016
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3900 OLYMPIC BLVD - ERLANGER, KY 41018303-383-2633commonspirit.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filings
#010Retirement-$2.10B assets#002Retirement-$2.08B assets#011Retirement--
Prospect flagsLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(303) 383-2633
Plan administrator signer
TROY LINDON
Signed 10/13/2017
How to read this page

Summary metrics

Total assets (EOY)
$24M
-42.8% from 2016
Total participants
1,881
-69.1% from 2016
Average account balance
$0
No prior year
Annual return
75.59%
-77.54 pp from 2016

Benchmarks

See 294 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants250-999
Cohort294 peers
Snapshot2016
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$1,235
median $4,879
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $41,934
Admin fee / account holder
$0
median $128
Annual return
75.59%
median 5.80%
Overall peer rank
55th percentileavg across 6 metrics

Analytics

2015 - 2019
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$18K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
697
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
$24K
Contributions per participant
Average employer and participant contribution per enrolled participant
$5K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-100.00%
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 2 by compensation
ProviderService typeCompensation
TOWERS WATSON2+ years
Service code 11 · EIN 23-1159360
Actuarial
$31,113
AON CONSULTING2+ years
Service code 15 · EIN 22-2232264
Recordkeeping
$23,691

Enrolled actuary

1 attachment
SB

JUDY M KRUSE

TOWERS WATSON DELAWARE INC.
Enrollment #1705907
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2017-10-10

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
CATHOLIC HEALTH INITIATIVES
EMPLOYER/PLAN SPONSOR
INELIGIBLE EXPENSE
——

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 codes1A1C1I3H
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).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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
$122K
$151 / participant
  • Other / not subdivided$122K100.0%
% of EOY assets
0.508%
all-in expense ratio
Categories reported
0 / 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
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Disclaimer