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Retirement plan

RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT PLAN

RIVERSIDE MANAGEMENT SERVICES, INC.EIN 52-1241840Plan #004PY 2016
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12420 WARWICK BLVD, BUILDING 6, SUITE 6B - NEWPORT NEWS, VA 23606757-534-5544
Other plans on this EIN
2 filings
#001Retirement-$459.4M assets#002Retirement-$164.5M assets
Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(757) 534-5544
Plan administrator signer
JAIME COOK
Signed 10/12/2017
How to read this page

Summary metrics

Total assets (EOY)
$147.4M
-20.4% from 2016
Total participants
13,378
+3.2% from 2016
Average account balance
$13,635
-14.8% from 2016
Annual return
10.84%
-4.31 pp from 2016

Benchmarks

See 236 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort236 peers
Snapshot2016
Participant deferral / active EE
$2,590
median $2,511
Employer contribution / active EE
$85
median $1,287
Participation rate
74.1%
median 78.9%
Avg account balance
$13,635
median $32,384
Admin fee / account holder
$44
median $35
Annual return
10.84%
median 8.46%
Overall peer rank
40th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$463.16M
Average account balance
Total assets / participants with a balance (line 6g)
$54K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,595
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
57.6%
Contributions (total)
Employer and participant dollars contributed each year
$45.19M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.61%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$72
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 7 by compensation
ProviderService typeCompensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years
Service code 12 · EIN 13-3689044
Direct payment from the plan; Recordk...
$449,716
MERCER2+ years
Service code 16 · EIN 61-0736136
Consulting
$29,548
NATIONWIDE2+ years
Service code 13 · EIN 31-4156830
Contract Administrator
$9,001
CHARLES SCHWAB & CO, INC.2+ years
Service code 33 · EIN 94-1737782
Securities brokerage; Securities brok...
$850
VARIABLE ANNUITY LIFE INSURANCE CO.2+ years
Service code 13 · EIN 31-4156830
Contract Administrator
$199
LINCOLN NATIONAL CORPORATION2+ years
Service code 13 · EIN 35-1140070
Contract Administrator
$0
NATIONAL FINANCIAL SERVICES2+ years
Service code 33 · EIN 04-3523567
Securities brokerage commissions and ...
$0

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 codes2F2G2L2M2R2T3H
Plan features
  • 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.
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
  • 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.
  • 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

4 tripped
  • OpportunityLow employer contribution

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

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$479K
$48 / participant
  • Investment mgmt$30K6.2%
  • Other / not subdivided$450K93.8%
% of EOY assets
0.325%
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
DIXON HUGHES GOODMAN LLP
Auditor EIN
560747981
Audit fees
(not subdivided)
Opinion code
Disclaimer