Retirement plan
INTERMOUNTAIN HEALTHCARE SAVINGS PLUS 401(K) PLAN
INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #002PY 2019
36 S STATE ST, 16TH FLOOR - SALT LAKE CITY, UT 84111801-442-2049LinkedIn11-50 employeesmedical practice
Other plans on this EIN
2 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$3044.9M
-7.2% from 2016
Total participants
51,521
-4.3% from 2016
Average account balance
$70,677
-2.5% from 2016
Annual return
21.36%
-4.14 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2019
53
Participant deferral / active EE
$3,764
median $3,454
54
Employer contribution / active EE
$1,873
median $1,544
44
Participation rate
78.7%
median 83.1%
77
Avg account balance
$70,677
median $50,526
34
Admin fee / account holder
$60
median $44
26
Annual return
21.36%
median 22.63%
Overall peer rank
48of 100
48th 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 10 of 21 by compensation
| Provider | Service type | Compensation |
|---|---|---|
T ROWE PRICE RPS INC5+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202 | Recordkeeping | $1,606,000 |
INVESCO3 years Service code 27 22069 NETWORK PLACE · CHICAGO, IL 60673 | Advisory (Plan) | $327,000 |
Service code 26 89 IONIA AVE NW · GRAND RAPIDS, MI 49503 | Advisory (Participants) | $179,000 |
TOWNSQUARE CAPITAL LLC1 year Service code 26 5314 RIVER RUN · PROVO, UT 84604 | Advisory (Participants) | $105,000 |
MERCER1 year Service code 27 PO BOX 13793 · DALLAS, TX 75373 | Advisory (Plan) | $75,000 |
Service code 26 3883 TELEGRAPH ROAD · BLOOMFIELD TWP, MI 48302 | Advisory (Participants) | $40,000 |
STOEL RIVES LLP5+ years Service code 29 201 SOUTH MAIN STREET · SALT LAKE CITY, UT 84111 | Legal | $38,000 |
CHARLES SCHWAB & CO., INC.2 years Service code 33 211 MAIN STREET · SAN FRANCISCO, CA 94105 | Account maintenance fees; Other inves... | $35,000 |
KPMG LLP5+ years Service code 10 15 WEST TEMPLE · SALT LAKE CITY, UT 84101 | Accounting | $28,000 |
Service code 26 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556 | Advisory (Participants) | $20,000 |
Plan features & details
Pension benefit codes2E2F2G2J2R3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 3HControlled group memberPlan 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
$2.6M
$65 / participant
- Investment mgmt$857K33.4%
- Contract admin$1M52.8%
- Other / not subdivided$355K13.8%
% of EOY assets
0.084%
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