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Retirement plan

CATHOLIC HEALTH INITIATIVES RETIREMENT PLAN FOR FOR-PROFIT ENTITIES

CATHOLIC HEALTH INITIATIVESEIN 47-0617373Plan #008PY 2017
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3900 OLYMPIC BLVD - ERLANGER, KY 41018303-383-2633commonspirit.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#002Retirement-$3.00B assets#010Retirement-$2.23B assets
Prospect flagsLow returnsHigh cash

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(303) 383-2633
Plan administrator signer
TROY LINDON
Signed 10/09/2018
How to read this page

Summary metrics

Total assets (EOY)
$26.3M
-42.8% from 2016
Total participants
1,501
-69.1% from 2016
Average account balance
$0
No prior year
Annual return
4.00%
-77.54 pp from 2016

Benchmarks

See 274 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants250-999
Cohort274 peers
Snapshot2017
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$5,075
median $5,469
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $170,924
Admin fee / account holder
$0
median $1,335
Annual return
4.00%
median 12.39%
Overall peer rank
23rd 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 5 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON1 year
Service code 11 · EIN 23-1159360
Actuarial
$651,721
ALIGHT SOLUTIONS1 year
Service code 15 · EIN 82-1061233
Recordkeeping
$143,458
POLSINELLI1 year
Service code 29
150 N RIVERSIDE PLAZA #3000 · CHICAGO, IL 60606
Legal
$50,604
BNY MELLON1 year
Service code 50 · EIN 13-5160382
Direct Payment
$22,104
ERNST & YOUNG1 year
Service code 50 · EIN 34-6565596
Direct Payment
$10,539

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

2 tripped
  • OpportunityLow returns

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

  • OpportunityHigh cash

    More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II
Admin total
$1.7M
$2056 / participant
  • Other / not subdivided$2M100.0%
% of EOY assets
6.288%
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