PlanOptica
Retirement plan

RIVERSIDE HEALTH SYSTEM RETIREMENT INCOME PLAN

RIVERSIDE MANAGMENT SERVICES, INCEIN 52-1241840Plan #001PY 2024
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12420 WARWICK BOULEVARD, BUILDING 6, SUITE 6G - NEWPORT NEWS, VA 23606757-534-7000
Other plans on this EIN
2 filings
#004Retirement-$463.2M assets#002Retirement-$314.0M assets
Prospect flagsHigh retiree %Low participation

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
JAIME COOK
Signed 10/14/2025
(757) 534-7000
How to read this page

Summary metrics

Total assets (EOY)
$538.8M
-3.0% from 2016
Total participants
6,235
+0.6% from 2016
Average account balance
$0
No prior year
Annual return
4.27%
-10.35 pp from 2016

Benchmarks

See 88 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort88 peers
Snapshot2024
Participant deferral / active EE
$0
median $93
Employer contribution / active EE
$11,171
median $6,672
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
4.27%
median 5.50%
Overall peer rank
28th 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
ProviderService typeCompensation
MERCER INVESTMENTS LLC6 years
Service code 49 · EIN 30-0282430
Other Services
$1,621,467
PRINCIPAL COSTODIAL SOLUTIONS1 year
Service code 15 · EIN 51-0099493
Recordkeeping
$341,360

Enrolled actuary

1 attachment
SB

MICHAEL T. WHALEN, F.S.A.

MERCER
Enrollment #2305594
800 EAST CANAL STREET, SUITE 900
RICHMOND, VA 23219
(804) 344-2600
Signed 2025-09-16

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.

Open the filing PDF

Plan features & details

Pension benefit codes1A
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • 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
$6.4M
$3646 / participant
  • Trustee / custodial$341K5.3%
  • Investment mgmt$952K14.8%
  • Other / not subdivided$5M79.9%
% of EOY assets
1.196%
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
PBMARES, LLP
Auditor EIN
540737372
Audit fees
(not subdivided)
Opinion code
Unqualified