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Retirement plan

PROVIDENCE HEALTH & SERVICES 403(B) VALUE PLAN

PROVIDENCE HEALTH & SERVICESEIN 51-0216586Plan #002PY 2015
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1801 LIND AVE SW # 9016 - RENTON, WA 980579016425-525-3355LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filings
#010Retirement-$799.7M assets#012Retirement-$77.5M assets#007Retirement-$48.1M assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
REBECCA BROWN
Signed 10/17/2016 (sponsor) / 10/17/2016 (admin)
(425) 525-3355
How to read this page

Summary metrics

Total assets (EOY)
$3720.9M
-13.5% from 2016
Total participants
78,023
-4.0% from 2016
Average account balance
$49,105
-13.1% from 2016
Annual return
5.96%
-5.97 pp from 2016

Benchmarks

See 182 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort182 peers
Snapshot2015
Participant deferral / active EE
$4,650
median $2,716
Employer contribution / active EE
$1,203
median $1,045
Participation rate
96.5%
median 71.6%
Avg account balance
$49,105
median $41,617
Admin fee / account holder
$20
median $28
Annual return
5.96%
median 1.22%
Overall peer rank
72nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.55B
Average account balance
Total assets / participants with a balance (line 6g)
$109K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
60,131
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.8%
Contributions (total)
Employer and participant dollars contributed each year
$9.67M
Contributions per participant
Average employer and participant contribution per enrolled participant
$183
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.28%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$31
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 6 by compensation
ProviderService typeCompensation
MILLIMAN, INC.1+ years
Service code 50 · EIN 91-0675641
Direct Payment
$517,585
SEVEN SIMPLE MACHINES1+ years
Service code 15 · EIN 20-4028622
Recordkeeping
$456,503
DINKER BIDDLE & REATH1+ years
Service code 29 · EIN 23-1423089
Legal
$214,008
PSA1+ years
Service code 27 · EIN 20-1079566
Advisory (Plan)
$107,618
FIDELITY INVESTMENTS INSTITUTIONAL1+ years
Service code 37 · EIN 04-2647786
Loan Processing
$97,639
KPMG LLP1+ years
Service code 10 · EIN 13-5565207
Accounting
$44,300

Top hat statement on fileNQDC

Filed July 6, 2015 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
1801 Lind Avenue, SW
Renton State: WA Zip Code: 98057
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Providence Health & Services Executive Strategic Initiatives Plan125 emp
Open the filing PDF

Plan features & details

Pension benefit codes2F2G2L2M
Plan features
  • 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.
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$1.5M
$23 / participant
  • Other / not subdivided$2M100.0%
% of EOY assets
0.041%
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
KPMG LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Disclaimer