Retirement plan
RIVERSIDE HEALTH SYSTEM RETIREMENT INCOME PLAN
RIVERSIDE MANAGMENT SERVICES, INCEIN 52-1241840Plan #001PY 2020
12420 WARWICK BOULEVARD, BUILDING 6, SUITE 6G - NEWPORT NEWS, VA 23606757-534-7000
Other plans on this EIN
2 filingsProspect flagsHigh retiree %Low participationLow participant contribution
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$630.1M
-3.0% from 2016
Total participants
7,757
+0.6% from 2016
Average account balance
$0
No prior year
Annual return
15.18%
-10.35 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort133 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $0
68
Employer contribution / active EE
$14,936
median $5,652
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
79
Annual return
15.18%
median 11.92%
Overall peer rank
37of 100
37th 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 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
WILCOX SAVAGE1 year Service code 29 · EIN 54-0976999 | Legal | $22,091 |
WELLS FARGO BANK N.A.1 year Service code 21 · EIN 94-1347393 | Bank Trustee | $278 |
MERCER1 year Service code 28 · EIN 30-0282430 | Investment Management | $0 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $0 |
Enrolled actuary
1 attachment
SB
MICHAEL T. WHALEN, F.S.A.
MERCER
Enrollment #2005594
1051 EAST CARY STREET, SUITE 900
RICHMOND, VA 23219
(804) 344-2600
Signed 2021-10-04
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
3 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
- OpportunityLow participant contribution
Participant 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
$22K
$10 / participant
- Investment mgmt$22K100.0%
% of EOY assets
0.004%
all-in expense ratio
Categories reported
1 / 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
- HANTZMON WIEBEL, LLP
- Auditor EIN
- 540618213
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer