PlanOptica
Retirement plan

INTERMOUNTAIN HEALTHCARE SAVINGS PLUS 401(K) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #002PY 2017
Sign in to saveView 5500 PDF
36 S STATE ST, 16TH FLOOR - SALT LAKE CITY, UT 84111801-442-2214LinkedIn11-50 employeesmedical practice
Other plans on this EIN
2 filings
#001Retirement-$3.21B assets#003Retirement-$220.0M assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
DAVID K. ADAMS
Signed 10/10/2018
(801) 442-2214
How to read this page

Summary metrics

Total assets (EOY)
$2671.7M
-7.2% from 2016
Total participants
48,639
-4.3% from 2016
Average account balance
$66,690
-2.5% from 2016
Annual return
17.10%
-4.14 pp from 2016

Benchmarks

See 207 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort207 peers
Snapshot2017
Participant deferral / active EE
$3,328
median $3,033
Employer contribution / active EE
$1,705
median $1,293
Participation rate
78.3%
median 77.0%
Avg account balance
$66,690
median $47,645
Admin fee / account holder
$52
median $38
Annual return
17.10%
median 18.04%
Overall peer rank
50th 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 8 by compensation
ProviderService typeCompensation
T ROWE PRICE RPS INC3+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$1,532,000
INVESCO1 year
Service code 28
400 WEST MARKET STREET · LOUISVILLE, KY 40202
Investment Management
$323,000
SUMMIT STRATEGIES INC2 years
Service code 16
8182 MARYLAND AVE. · ST. LOUIS, MO 63105
Consulting
$93,000
FORMULA FOLIO INVESTMENTS LLC1 year
Service code 26
89 IONIA AVE NW · GRAND RAPIDS, MI 49503
Advisory (Participants)
$43,000
STOEL RIVES LLP3+ years
Service code 29
201 SOUTH MAIN STREET · SALT LAKE CITY, UT 84111
Legal
$31,000
KPMG LLP3+ years
Service code 10
15 WEST TEMPLE · SALT LAKE CITY, UT 84101
Accounting
$29,000
CHARLES SCHWAB & COMPANY INC1 year
Service code 33
211 MAIN STREET · SAN FRANCISCO, CA 94105
Direct payment from the plan; Securit...
$11,000
CHARLES SCHWAB & CO, INC.1 year
Service code 33
Float revenue; Shareholder servicing ...
$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

1 tripped
  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$2.1M
$53 / participant
  • Investment mgmt$466K22.5%
  • Contract admin$1M60.6%
  • Other / not subdivided$351K16.9%
% of EOY assets
0.078%
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