Retirement plan
RIVERSIDE HEALTH SYSTEM 401(K) SAVINGS PLAN
RIVERSIDE MANAGEMENT SERVICES, INC.EIN 52-1241840Plan #002PY 2021
12420 WARWICK BLVD., BLDG 6, SUITE 6G - NEWPORT NEWS, VA 236063001757-534-5544
Other plans on this EIN
2 filingsProspect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator entity
JAMIE COOK
EIN 521241840
Summary metrics
Total assets (EOY)
$282.1M
-8.3% from 2016
Total participants
8,479
-6.1% from 2016
Average account balance
$43,748
-2.3% from 2016
Annual return
13.15%
-2.91 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort226 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $3,834
49
Employer contribution / active EE
$1,953
median $1,640
36
Participation rate
71.8%
median 85.8%
35
Avg account balance
$43,748
median $56,177
17
Admin fee / account holder
$104
median $56
19
Annual return
13.15%
median 14.70%
Overall peer rank
31of 100
31st 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
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $558,593 |
MERCER7+ years Service code 16 · EIN 61-0736136 | Consulting | $113,669 |
Service code 33 · EIN 04-3257666 | Account maintenance fees; Direct paym... | $5,641 |
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 codes2E2F2G2J2K2R2T3D3H
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.
- 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.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$672K
$93 / participant
- Investment mgmt$114K16.9%
- Contract admin$558K83.1%
% of EOY assets
0.238%
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