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Retirement plan

INTERMOUNTAIN HEALTHCARE SAVINGS PLUS 401(K) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #002PY 2022
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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-$3.01B assets#003Retirement-$262.4M assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
SUSAN SCHAUB
Signed 10/12/2023
(801) 442-2049
How to read this page

Summary metrics

Total assets (EOY)
$3594.1M
-7.2% from 2016
Total participants
64,165
-4.3% from 2016
Average account balance
$59,353
-2.5% from 2016
Annual return
-16.93%
-4.14 pp from 2016

Benchmarks

See 237 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort237 peers
Snapshot2022
Participant deferral / active EE
$4,501
median $4,382
Employer contribution / active EE
$2,535
median $1,922
Participation rate
92.3%
median 86.2%
Avg account balance
$59,353
median $51,383
Admin fee / account holder
$94
median $48
Annual return
-16.93%
median -15.58%
Overall peer rank
42nd 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 24 by compensation
ProviderService typeCompensation
T ROWE PRICE RPS INC8+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$2,038,000
SANDS CAPITAL3 years
Service code 27
1000 WILSON BOULEVARD · ARLINGTON, VA 22209
Advisory (Plan)
$1,330,000
TOWNSQUARE CAPITAL LLC4 years
Service code 26 · EIN 82-1306760
Advisory (Participants)
$1,231,000
INVESCO6 years
Service code 27
22069 NETWORK PLACE · CHICAGO, IL 60673
Advisory (Plan)
$352,000
SUMMIT GLOBAL INVESTMENTS LLC5 years
Service code 26 · EIN 27-3616371
Advisory (Participants)
$145,000
MERCER4 years
Service code 16
PO BOX 13793 · DALLAS, TX 75373
Consulting
$89,000
MORNINGSTAR INVESTMENT SERVICE4 years
Service code 26 · EIN 36-3297908
Advisory (Participants)
$87,000
THE NORTHERN TRUST COMPANY2 years
Service code 27
50 S. LASALLE STREET · CHICAGO, IL 60675
Advisory (Plan)
$66,000
LONE PEAK ADVISERS INC3 years
Service code 26 · EIN 82-4884183
Advisory (Participants)
$41,000
STOEL RIVES LLP8+ years
Service code 29
900 SW FIFTH AVE · PORTLAND, OR 97204
Legal
$36,000

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

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

Expense breakdown

Schedule H Part II
Admin total
$5.7M
$122 / participant
  • Investment mgmt$4M62.8%
  • Contract admin$2M31.7%
  • Other / not subdivided$311K5.5%
% of EOY assets
0.159%
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
CROWE, LLP
Auditor EIN
350921680
Audit fees
(not subdivided)
Opinion code
Unqualified