Retirement plan
PROVIDENCE HEALTH & SERVICES 403(B) BASIC PLAN
PROVIDENCE HEALTH & SERVICESEIN 51-0216586Plan #012PY 2015
Other plans on this EIN
3 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
REBECCA BROWN
Signed 06/26/2017
Summary metrics
Total assets (EOY)
$77.5M
+13334549.2% from 2016
Total participants
1,883
No prior year
Average account balance
$49,221
+16843.6% from 2016
Annual return
0.43%
+96.19 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants1,000-4,999
Cohort1,197 peers
Snapshot2015
42
Participant deferral / active EE
$1,641
median $1,890
60
Employer contribution / active EE
$1,476
median $768
61
Participation rate
82.5%
median 72.8%
77
Avg account balance
$49,221
median $28,331
46
Admin fee / account holder
$39
median $34
46
Annual return
0.43%
median 0.58%
Overall peer rank
55of 100
55th percentileavg across 6 metrics
Analytics
2015 - 2017
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$291
Not enough data
2 years with per-participant data
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2
Not enough data
2 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
82.5%
Not enough data
1 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$5.49M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Not enough data
1 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
Not enough data
2 years with F_SCH_H allocation on file
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
KPMG LLP1+ years Service code 10 · EIN 13-5565207 | Accounting | $29,700 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | -$52,650 |
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 codes2E2F2G2J2K2M2R2T
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.
- 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.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$61K
$35 / participant
- Other / not subdivided$61K100.0%
% of EOY assets
0.079%
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