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Retirement plan

INTERMOUNTAIN HEALTHCARE SAVINGS PLUS 401(K) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #002PY 2016
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36 S STATE ST, 16TH FLOOR - SALT LAKE CITY, UT 84111801-442-2214LinkedIn11-50 employeesmedical practice
Other plans on this EIN
2 filings
#001Retirement-$2.89B assets#003Retirement-$192.0M assets
Prospect flagsLow returnsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
DAVID K. ADAMS
Signed 10/04/2017
(801) 442-2214
How to read this page

Summary metrics

Total assets (EOY)
$2255.6M
-7.2% from 2016
Total participants
46,718
-4.3% from 2016
Average account balance
$59,251
-2.5% from 2016
Annual return
5.69%
-4.14 pp from 2016

Benchmarks

See 193 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
Participant deferral / active EE
$3,129
median $2,952
Employer contribution / active EE
$1,624
median $1,144
Participation rate
77.6%
median 73.8%
Avg account balance
$59,251
median $42,315
Admin fee / account holder
$36
median $30
Annual return
5.69%
median 8.69%
Overall peer rank
46th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.83B
Average account balance
Total assets / participants with a balance (line 6g)
$81K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
83,866
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
96.0%
Contributions (total)
Employer and participant dollars contributed each year
$573.85M
Contributions per participant
Average employer and participant contribution per enrolled participant
$8K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.67%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$117
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 6 by compensation
ProviderService typeCompensation
T ROWE PRICE RPS INC2+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$896,000
INVESCO ADVISORS, INC.2+ years
Service code 28
1555 PEACHTREE STREET NE · ATLANTA, GA 30309
Investment Management
$314,000
SUMMIT STRATEGIES INC1 year
Service code 16
8182 MARYLAND AVE · ST LOUIS, MO 63105
Consulting
$91,000
KPMG LLP2+ years
Service code 10
15 WEST TEMPLE · SALT LAKE CITY, UT 84101
Accounting
$34,000
STOEL RIVES LLP2+ years
Service code 29
201 SOUTH MAIN STREET · SALT LAKE CITY, UT 84111
Legal
$24,000
PERSHING2+ years
Service code 71
P.O. BOX 2065 · JERSEY CITY, NJ 07303
Brokerage Fees
$0

Plan features & details

Pension benefit codes2E2F2G2J2R3H
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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the 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

2 tripped
  • OpportunityLow returns

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

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$1.4M
$35 / participant
  • Investment mgmt$405K29.8%
  • Contract admin$602K44.2%
  • Other / not subdivided$354K26.0%
% of EOY assets
0.060%
all-in expense ratio
Categories reported
2 / 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
KPMG LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Disclaimer