Retirement plan

INTERMOUNTAIN HEALTHCARE PENSION PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #001PY 2021
36 SOUTH STATE STREET, SUITE 2300 - SALT LAKE CITY, UT 84111801-442-2049LinkedIn11-50 employeesmedical practice
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(801) 442-2049
Plan administrator signer
DAVID K. ADAMS
Signed 09/30/2022
Plan administrator entity
IHC HEALTH SERVICES, INC.
EIN 942854057
(801) 442-3219

Summary metrics

Total assets (EOY)
$3720M
-1.2% from 2016
Total participants
44,933
+8.7% from 2016
Average account balance
$0
No prior year
Annual return
9.43%
-1.84 pp from 2016

Benchmarks

Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort206 peers
Snapshot2021
Participant deferral / active EE
$0
median $81
Employer contribution / active EE
$5,690
median $6,074
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
9.43%
median 11.59%
Overall peer rank
33rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.40B
Average account balance
Total assets / participants with a balance (line 6g)
$85K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
14,715
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
$173.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.29%
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 36 by compensation
ProviderService typeCompensation
Service code 28 · EIN 45-3056700
Investment Management
$1,411,000
Service code 11 · EIN 53-0181291
Actuarial
$1,019,000
Service code 28 · EIN 33-0629048
Investment Management
$768,000
Service code 28 · EIN 41-2066924
Investment Management
$709,000
Service code 28 · EIN 98-0465834
Investment Management
$704,000
Service code 28 · EIN 95-4861680
Investment Management
$684,000
Service code 51 · EIN 20-2830751
Investment Mgmt Fees
$637,000
BNY MELLON4 years
Service code 15 · EIN 13-5160382
Recordkeeping
$619,000
Service code 17 · EIN 30-0282430
Pension Consulting
$554,000
Service code 28 · EIN 41-2139219
Investment Management
$532,000

Enrolled actuary

1 attachment
SB

ZACHARY J ROBINSON

WILLIS TOWERS WATSON US LLC
Enrollment #2007000
555 SEVENTEENTH STREET
SUITE 2050
DENVER, CO 802022831
(303) 391-1200
Signed 2022-09-19

Plan features & details

Pension benefit codes1A1B1C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 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

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$15.2M
$502 / participant
  • Investment mgmt$9M58.0%
  • Other / not subdivided$6M42.0%
% of EOY assets
0.410%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
KPMG LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Unqualified