Retirement plan
RIVERSIDE HEALTH SYSTEM RETIREMENT INCOME PLAN
RIVERSIDE MANAGEMENT SERVICES, INC.EIN 52-1241840Plan #001PY 2016
12420 WARWICK BOULEVARD, BUILDING 6, SUITE 6B - NEWPORT NEWS, VA 23606757-534-7000
Other plans on this EIN
2 filingsProspect flagsHigh retiree %Low employer contributionFailed to provide benefitWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JAIME COOK
Signed 10/12/2017
Summary metrics
Total assets (EOY)
$459.4M
-3.0% from 2016
Total participants
8,041
+0.6% from 2016
Average account balance
$0
No prior year
Annual return
7.00%
-10.35 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort188 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $4,704
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $381,942,733
0
Admin fee / account holder
$0
median $2,655,710
60
Annual return
7.00%
median 6.51%
Overall peer rank
30of 100
30th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$538.81M
Average account balance
Total assets / participants with a balance (line 6g)
$86K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,468
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
$19.74M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.27%
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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
PNC BANK, NATIONAL ASSOCIATION2+ years Service code 18 · EIN 25-1211909 | Trustee (directed); Custodial (other ... | $122,280 |
Service code 52 · EIN 30-0282430 | Indirect Investment Fees | $0 |
Enrolled actuary
1 attachment
SB
MICHAEL T. WHALEN, F.S.A.
MERCER
Enrollment #1705594
1051 EAST CARY STREET, SUITE 900
RICHMOND, VA 23219
(804) 344-2600
Signed 2017-09-29
Top hat statement on fileNQDC
Filed November 29, 2005
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.
Plan features & details
Pension benefit codes1A
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).
Opportunity flags
4 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$122K
$38 / participant
- Other / not subdivided$122K100.0%
% of EOY assets
0.027%
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
- DIXON HUGHES GOODMAN LLP
- Auditor EIN
- 560747981
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer