Retirement plan
PROVIDENCE HEALTH & SERVICES 403(B) VALUE PLAN
PROVIDENCE HEALTH & SERVICESEIN 51-0216586Plan #002PY 2016
1801 LIND AVE. SW# 9016 - RENTON, WA 980579016425-525-3355LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filingsProspect flagsFailed to provide benefit
Filing contacts
From the Form 5500, federal recordPlan administrator signer
REBECCA BROWN
Signed 10/16/2017
Summary metrics
Total assets (EOY)
$4303.1M
-13.5% from 2016
Total participants
81,287
-4.0% from 2016
Average account balance
$56,497
-13.1% from 2016
Annual return
11.93%
-5.97 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
83
Participant deferral / active EE
$4,903
median $2,952
45
Employer contribution / active EE
$1,251
median $1,144
76
Participation rate
92.5%
median 73.8%
72
Avg account balance
$56,497
median $42,315
65
Admin fee / account holder
$22
median $30
81
Annual return
11.93%
median 8.69%
Overall peer rank
70of 100
70th 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 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
SEVEN SIMPLE MACHINES2+ years Service code 15 · EIN 20-4028622 | Recordkeeping | $483,487 |
MILLIMAN, INC.2+ years Service code 15 · EIN 91-0675641 | Recordkeeping | $250,000 |
KPMG LLP2+ years Service code 10 · EIN 13-5565207 | Accounting | $42,700 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$1,726,918 |
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
Plans declared (1)
- Providence Health & Services Executive Strategic Initiatives Plan125 emp
Plan features & details
Pension benefit codes2E2F2G2J2K2L2M2R2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
Expense breakdown
Schedule H Part II
Admin total
$1.7M
$24 / participant
- Other / not subdivided$2M100.0%
% of EOY assets
0.039%
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