Retirement plan
WILLAMETTE FALLS HOSPITAL PENSION PLAN
PROVIDENCE HEALTH & SERVICESEIN 51-0216586Plan #007PY 2022
Other plans on this EIN
2 filingsProspect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
REBECCA BROWN
Signed 10/14/2023
Summary metrics
Total assets (EOY)
$44.2M
-3.2% from 2016
Total participants
781
+2.5% from 2016
Average account balance
$0
No prior year
Annual return
-17.64%
-14.68 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants100-249
Cohort174 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $0
17
Employer contribution / active EE
$2,660
median $8,721
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $25,397
0
Admin fee / account holder
$0
median $56
20
Annual return
-17.64%
median -14.22%
Overall peer rank
18of 100
18th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$43.74M
Average account balance
Total assets / participants with a balance (line 6g)
$58K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
642
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
$500K
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.44%
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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
CASEY B BALDWIN
MILLIMAN, INC.
Enrollment #2307162
1455 SW BROADWAY., SUITE 1600
PORTLAND, OR 97201
(503) 227-0634
Signed 2023-10-13
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 codes1A1I
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1IFrozen planAs 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.
Opportunity flags
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$473K
$3356 / participant
- Investment mgmt$99K20.9%
- Contract admin$76K16.0%
- Other / not subdivided$299K63.1%
% of EOY assets
1.071%
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
- CLARK NUBER P.S.
- Auditor EIN
- 911194016
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified