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Retirement plan

RIVERSIDE HEALTH SYSTEM 401(K) SAVINGS PLAN

RIVERSIDE MANAGEMENT SERVICES, INC.EIN 52-1241840Plan #002PY 2019
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12420 WARWICK BLVD., BLDG 6, SUITE 6G - NEWPORT NEWS, VA 236063001757-534-5544
Other plans on this EIN
2 filings
#001Retirement-$538.0M assets#004Retirement-$243.1M assets
Prospect flagsLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
JAIME COOK
Signed 10/15/2020
(757) 534-5544
Plan administrator entity
JAMIE COOK
EIN 521241840
12420 WARWICK BOULEVARD, BUILDING 6, SUITE 6G ยท NEWPORT NEWS, VA 236063001
(757) 534-5547
How to read this page

Summary metrics

Total assets (EOY)
$216.3M
-8.3% from 2016
Total participants
8,712
-6.1% from 2016
Average account balance
$32,581
-2.3% from 2016
Annual return
20.82%
-2.91 pp from 2016

Benchmarks

See 235 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort235 peers
Snapshot2019
Participant deferral / active EE
$0
median $2,919
Employer contribution / active EE
$1,490
median $1,357
Participation rate
72.2%
median 81.5%
Avg account balance
$32,581
median $43,077
Admin fee / account holder
$83
median $53
Annual return
20.82%
median 22.06%
Overall peer rank
30th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$313.99M
Average account balance
Total assets / participants with a balance (line 6g)
$44K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,173
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
72.9%
Contributions (total)
Employer and participant dollars contributed each year
$18.81M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.52%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$60
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
TRANSAMERICA RETIREMENT SOLUTIONS5+ years
Service code 15 ยท EIN 13-3689044
Recordkeeping
$429,672
PRINCIPAL LIFE INSURANCE COMPANY1 year
Service code 13 ยท EIN 42-0127290
Contract Administrator
$71,239
MERCER5+ years
Service code 16 ยท EIN 61-0736136
Consulting
$51,193

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 codes2E2F2G2J2K2R2T3D3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$552K
$74 / participant
  • Investment mgmt$32K5.8%
  • Contract admin$71K12.9%
  • Other / not subdivided$449K81.3%
% of EOY assets
0.255%
all-in expense ratio
Categories reported
2 / 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