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Retirement plan

INTERMOUNTAIN HEALTHCARE SAVINGS PLUS 401(K) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #002PY 2021
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36 S STATE ST, 16TH FLOOR - SALT LAKE CITY, UT 84111801-442-2049LinkedIn11-50 employeesmedical practice
Other plans on this EIN
2 filings
#001Retirement-$3.72B assets#003Retirement-$317.3M assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
DAVID K. ADAMS
Signed 09/30/2022
(801) 442-2049
How to read this page

Summary metrics

Total assets (EOY)
$4201.7M
-7.2% from 2016
Total participants
57,060
-4.3% from 2016
Average account balance
$80,722
-2.5% from 2016
Annual return
14.84%
-4.14 pp from 2016

Benchmarks

See 230 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2021
Participant deferral / active EE
$4,352
median $4,224
Employer contribution / active EE
$2,157
median $1,758
Participation rate
88.2%
median 86.9%
Avg account balance
$80,722
median $62,426
Admin fee / account holder
$111
median $50
Annual return
14.84%
median 14.85%
Overall peer rank
47th 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 25 by compensation
ProviderService typeCompensation
SANDS CAPITAL2 years
Service code 27
1000 WILSON BOULEVARD, SUITE 3000 · ARLINGTON, VA 22209
Advisory (Plan)
$2,013,000
T ROWE PRICE RPS INC7+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$1,794,000
TOWNSQUARE CAPITAL LLC3 years
Service code 26 · EIN 82-1306760
Advisory (Participants)
$948,000
INVESCO5 years
Service code 27
22069 NETWORK PLACE · CHICAGO, IL 60673
Advisory (Plan)
$355,000
SUMMIT GLOBAL INVESTMENTS LLC4 years
Service code 26 · EIN 27-3616371
Advisory (Participants)
$112,000
MERCER3 years
Service code 16
PO BOX 13793 · DALLAS, TX 75373
Consulting
$85,000
MORNINGSTAR INVESTMENT SERVICE3 years
Service code 26 · EIN 36-3297908
Advisory (Participants)
$76,000
THE NORTHERN TRUST COMPANY1 year
Service code 21
50 S. LASALLE STREET · CHICAGO, IL 60675
Bank Trustee
$75,000
FLEXIBLE PLAN INVESTMENTS LTD4 years
Service code 26 · EIN 38-2340348
Advisory (Participants)
$44,000
KPMG LLP7+ years
Service code 10
PO BOX 120754 · DALLAS, TX 75312
Accounting
$29,000

Plan features & details

Pension benefit codes2E2F2G2J2R2S3H
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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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
$5.8M
$136 / participant
  • Investment mgmt$4M67.6%
  • Contract admin$2M27.4%
  • Other / not subdivided$292K5.0%
% of EOY assets
0.138%
all-in expense ratio
Categories reported
2 / 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