PlanOptica
Retirement plan

RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT PLAN

RIVERSIDE MANAGEMENT SERVICES, INC.EIN 52-1241840Plan #004PY 2021
Sign in to saveView 5500 PDF
12420 WARWICK BLVD., BLDG 6, SUITE 6G - NEWPORT NEWS, VA 236063001757-534-5544
Other plans on this EIN
2 filings
#001Retirement-$687.2M assets#002Retirement-$282.1M assets
Prospect flagsLow participationLow employer contributionCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
JAIME COOK
Signed 10/17/2022
(757) 534-5544
How to read this page

Summary metrics

Total assets (EOY)
$359.7M
-20.4% from 2016
Total participants
11,496
+3.2% from 2016
Average account balance
$44,984
-14.8% from 2016
Annual return
14.51%
-4.31 pp from 2016

Benchmarks

See 226 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort226 peers
Snapshot2021
Participant deferral / active EE
$3,897
median $3,834
Employer contribution / active EE
$79
median $1,640
Participation rate
60.3%
median 85.8%
Avg account balance
$44,984
median $56,177
Admin fee / account holder
$92
median $56
Annual return
14.51%
median 14.70%
Overall peer rank
31st 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 2 by compensation
ProviderService typeCompensation
PRINCIPAL LIFE INSURANCE COMPANY3 years
Service code 13 · EIN 42-0127290
Contract Administrator
$670,493
LOCKTON INVESTMENT ADV.1 year
Service code 13 · EIN 52-1241840
Contract Administrator
$66,692

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 codes2F2G2L2M2R2T3D3H
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.
  • 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

3 tripped
  • OpportunityLow participation

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

  • OpportunityLow employer contribution

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

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$736K
$84 / participant
  • Investment mgmt$67K9.1%
  • Contract admin$670K90.9%
% of EOY assets
0.205%
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