Retirement plan
AURORA HEALTH CARE, INC. PENSION PLAN
ADVOCATE AURORA HEALTH, INC.EIN 82-4184596Plan #003PY 2019
POST OFFICE BOX 340200 - MILWAUKEE, WI 532340200414-647-3448advocateaurorahealth.orgLinkedIn10001+ employeeshospital & health care
Prospect flagsHigh feesLow participationLow assets / participantHigh assets / participantLow employer contributionWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
AMY SCHOENY
Signed 10/07/2020
Summary metrics
Total assets (EOY)
$1591.8M
+8.4% from 2020
Total participants
25,446
+21.3% from 2020
Average account balance
$69,208,052
No prior year
Annual return
23.02%
+4.83 pp from 2020
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $181
0
Employer contribution / active EE
$0
median $5,091
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$69,208,052
median $69,208,052
0
Admin fee / account holder
$454,372
median $454,372
93
Annual return
23.02%
median 15.63%
Overall peer rank
19of 100
19th percentileavg across 6 metrics
Analytics
2019 - 2024
Total assets (EOY)
Plan-year ending balance
$965.92M
Average account balance
Total assets / participants with a balance (line 6g)
$50K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,977
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
$12.50M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$1K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-2.16%
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 10 of 19 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 28 · EIN 13-3200244 | Investment Management | $917,533 |
NISA INVESTMENT ADVISORS LLP1+ years Service code 28 · EIN 48-1140940 | Investment Management | $682,550 |
Service code 28 · EIN 13-0057834 | Investment Management | $430,138 |
AON CONSULTING1+ years Service code 28 · EIN 22-2232264 | Investment Management | $395,623 |
VAUGHN NELSON INVESTMENT MGMT1+ years Service code 28 · EIN 04-3304963 | Investment Management | $362,602 |
MONDRIAN INVESTMENT GROUP1+ years Service code 28 · EIN 36-7205063 | Investment Management | $351,115 |
DIVERSIFIED CARE, INC.1+ years Service code 28 · EIN 39-1609054 | Investment Management | $201,522 |
PARAMETRIC1+ years Service code 28 · EIN 20-0292745 | Investment Management | $116,573 |
Service code 28 · EIN 30-0282430 | Investment Management | $107,644 |
Service code 28 · EIN 20-1665304 | Investment Management | $79,239 |
Enrolled actuary
1 attachment
SB
STEPHANIE M. BOBBITT
AON CONSULTING, INC.
Enrollment #2008514
5600 W. 83RD STREET
SUITE 1100, 8200 TOWER
BLOOMINGTON, MN 55437
(847) 442-0486
Signed 2020-08-07
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 codes1A1I3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1IFrozen planAs 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
6 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.
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
- OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$10.5M
$715 / participant
- Other / not subdivided$10M100.0%
% of EOY assets
0.657%
all-in expense ratio
Categories reported
0 / 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