Retirement plan
AURORA HEALTH CARE, INC. INCENTIVE SAVINGS PLAN
ADVOCATE AURORA HEALTH, INC.EIN 82-4184596Plan #002PY 2019
3075 HIGHLAND PARKWAY - DOWNERS GROVE, IL 60515630-572-9393advocateaurorahealth.orgLinkedIn10001+ employeeshospital & health care
Prospect flagsHigh cashCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
AMY SCHOENY
Signed 10/09/2020
Summary metrics
Total assets (EOY)
$3586.2M
+986157.4% from 2020
Total participants
41,789
+522262.5% from 2020
Average account balance
$99,457
+118.8% from 2020
Annual return
22.63%
+81.45 pp from 2020
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2019
71
Participant deferral / active EE
$4,727
median $3,454
83
Employer contribution / active EE
$4,034
median $1,544
52
Participation rate
84.2%
median 83.1%
91
Avg account balance
$99,457
median $50,526
19
Admin fee / account holder
$76
median $44
48
Annual return
22.63%
median 22.63%
Overall peer rank
61of 100
61st percentileavg across 6 metrics
Analytics
2019 - 2021
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$45K
Not enough data
2 years with per-participant data
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8
Not enough data
2 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
100.0%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$318.54M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-0.18%
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
Not enough data
2 years with F_SCH_H allocation on file
Service providers
Top 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Recordkeeping and information managem... | $2,637,858 |
AON1+ years Service code 16 · EIN 36-3109431 | Consulting | $52,500 |
MARQUETTE ASSOCIATES1+ years Service code 16 · EIN 36-3485298 | Consulting | $25,000 |
CASTLEVIEW PARTNERS LLC1+ years Service code 33 · EIN 47-4596387 | Securities brokerage; Securities brok... | $7,864 |
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782 | Securities brokerage commissions and ... | $504 |
NATIONAL FINANCIAL SERVICES1+ years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
Top hat statement on fileNQDC
Filed April 23, 2024 (most recent of 4 filings on file)
Plan administrator
Plans declared (2)
- Advocate Health, Inc. Supplemental Executive Retirement Plan22 emp
- Advocate Health, Inc. Chief Executive Officer Supplemental Executive Retirement Plan1 emp
Total covered: 23 employees
Plan features & details
Pension benefit codes2E2G2L2M2R3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 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.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$2.8M
$76 / participant
- Investment mgmt$86K3.1%
- Other / not subdivided$3M96.9%
% of EOY assets
0.077%
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
- CLIFTONLARSONALLEN LLP
- Auditor EIN
- 410746749
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer