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Retirement plan

ADVOCATE AURORA HEALTH 401(K) PLAN

ADVOCATE AURORA HEALTH, INCEIN 82-4184596Plan #004PY 2020
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3075 HIGHLAND PARKWAY - DOWNERS GROVE, IL 606151206630-572-9393advocateaurorahealth.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
3 filings
#003Retirement-$1.47B assets#002Retirement-$364K assets#010Retirement--
Prospect flagsLow participationCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(630) 572-9393
Plan administrator signer
RIA BELL
Signed 10/11/2021
How to read this page

Summary metrics

Total assets (EOY)
$7223.9M
-45.0% from 2020
Total participants
91,170
-47.7% from 2020
Average account balance
$153,250
-43.7% from 2020
Annual return
75.69%
-45.30 pp from 2020

Benchmarks

See 228 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
Participant deferral / active EE
$5,396
median $3,786
Employer contribution / active EE
$4,031
median $1,365
Participation rate
41.4%
median 83.8%
Avg account balance
$153,250
median $58,490
Admin fee / account holder
$66
median $46
Annual return
75.69%
median 16.84%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2019 - 2024
Total assets (EOY)
Plan-year ending balance
$10.49B
Average account balance
Total assets / participants with a balance (line 6g)
$104K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
100,747
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.1%
Contributions (total)
Employer and participant dollars contributed each year
$906.93M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.73%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$66
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 8 by compensation
ProviderService typeCompensation
ADVISED ASSETS GROUP, LLC1 year
Service code 26 · EIN 84-1532243
Advisory (Participants)
$3,668,365
CHARLES SCHWAB & CO., INC.1 year
Service code 26 · EIN 94-1737782
Advisory (Participants)
$19,078
ANNEX ADVISORY SERVICES, LLC1 year
Service code 26 · EIN 68-0524298
Advisory (Participants)
$17,026
GREAT-WEST LIFE & ANNUITY INS CO1 year
Service code 15 · EIN 84-0467907
Recordkeeping
$11,423
QDRO CONSULTANTS COMPANY, LLC1 year
Service code 16 · EIN 34-1820650
Consulting
$9,000
LARSON FINANCIAL GROUP LLC1 year
Service code 26 · EIN 20-4773945
Advisory (Participants)
$7,781
SHAKESPEARE WEALTH MANAGEMENT1 year
Service code 26 · EIN 39-1944977
Advisory (Participants)
$7,781
CHARLES SCHWAB & CO, INC.1 year
Service code 72
Other investment fees and expenses
$0

Top hat statement on fileNQDC

Filed April 23, 2024 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
P.O. Box 32861
Charlotte, NC 28232
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

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

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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

2 tripped
  • OpportunityLow participation

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

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$3.1M
$41 / participant
  • Investment mgmt$3M99.3%
  • Other / not subdivided$20K0.7%
% of EOY assets
0.043%
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
MITCHELL & TITUS, LLP
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Disclaimer