PlanOptica
Retirement plan

LEGACY GHS/TUOMEY PENSION PLAN

PRISMA HEALTHEIN 82-2595551Plan #001PY 2023
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300 E. MCBEE AVE. - GREENVILLE, SC 29601864-695-6731prismahealth.orgLinkedIn10001+ employeeshospital & health care
Prospect flagsHigh retiree %Low returnsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
EVE CUGINI
Signed 10/23/2024
(864) 695-6731
How to read this page

Summary metrics

Total assets (EOY)
$376.5M
-8.3% from 2020
Total participants
6,302
+1.3% from 2020
Average account balance
$0
No prior year
Annual return
1.80%
+563.99 pp from 2020

Benchmarks

See 100 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort100 peers
Snapshot2023
Participant deferral / active EE
$0
median $214
Employer contribution / active EE
$3,765
median $4,624
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
1.80%
median 9.85%
Overall peer rank
11th percentileavg across 6 metrics

Analytics

2019 - 2024
Total assets (EOY)
Plan-year ending balance
$423.06M
Average account balance
Total assets / participants with a balance (line 6g)
$68K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,804
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
$28.86M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.21%
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 5 by compensation
ProviderService typeCompensation
AON CONSULTING5+ years
Service code 11 · EIN 22-2232264
Actuarial
$283,104
WILLIAM BLAIR5+ years
Service code 28 · EIN 47-2614791
Investment Management
$244,704
METLIFE INVESTMENT MANAGEMENT LLC3 years
Service code 28 · EIN 82-2405817
Investment Management
$224,586
PRINCIPAL LIFE INSURANCE COMPANY2 years
Service code 13 · EIN 42-0127290
Contract Administrator
$96,556
STATE STREET GLOBAL ADVISORS3 years
Service code 28 · EIN 81-4017137
Investment Management
$26,733

Enrolled actuary

1 attachment
SB

MARGO A. BURDETTE

AON CONSULTING, INC.
Enrollment #2305676
MSC# 17838
PO BOX 551343
ATLANTA, GA 30355
(770) 690-7382
Signed 2024-06-06

Plan features & details

Pension benefit codes1I
Plan features
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

3 tripped
  • OpportunityLow participation

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

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • 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
$7.4M
$2802 / participant
  • Investment mgmt$496K6.7%
  • Contract admin$97K1.3%
  • Other / not subdivided$7M92.0%
% of EOY assets
1.972%
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
ELLIOTT DAVIS, LLC
Auditor EIN
570381582
Audit fees
(not subdivided)
Opinion code
Unqualified