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Retirement plan

INTERMOUNTAIN HEALTHCARE SAVINGS PLUS 401(K) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #002PY 2023
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36 S STATE ST, 16TH FLOOR - SALT LAKE CITY, UT 84111801-442-2000LinkedIn11-50 employeesmedical practice
Other plans on this EIN
2 filings
#001Retirement-$3.21B assets#003Retirement-$309.6M assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(801) 442-2000
Plan administrator signer
DAVID ADAMS
Signed 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$6015.5M
-7.2% from 2016
Total participants
84,637
-4.3% from 2016
Average account balance
$74,362
-2.5% from 2016
Annual return
63.04%
-4.14 pp from 2016

Benchmarks

See 255 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
Participant deferral / active EE
$4,594
median $4,532
Employer contribution / active EE
$2,606
median $1,894
Participation rate
94.5%
median 86.5%
Avg account balance
$74,362
median $57,968
Admin fee / account holder
$86
median $47
Annual return
63.04%
median 18.72%
Overall peer rank
59th 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 38 by compensation
ProviderService typeCompensation
T ROWE PRICE RPS INC9+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$2,770,000
SANDS CAPITAL4 years
Service code 27
1000 WILSON BOULEVARD · ARLINGTON, VA 22209
Advisory (Plan)
$1,470,000
TOWNSQUARE CAPITAL LLC5 years
Service code 27 · EIN 82-1306760
Advisory (Plan)
$1,379,000
INVESCO7 years
Service code 27
22069 NETWORK PLACE · CHICAGO, IL 60673
Advisory (Plan)
$353,000
SUMMIT GLOBAL INVESTMENTS LLC6 years
Service code 26 · EIN 27-3616371
Advisory (Participants)
$192,000
MORNINGSTAR INVESTMENT SERVICE5 years
Service code 26
22 WEST WASHINGTON STREET · CHICAGO, IL 60602
Advisory (Participants)
$96,000
MERCER5 years
Service code 16
PO BOX 13793 · DALLAS, TX 75373
Consulting
$95,000
THE NORTHERN TRUST COMPANY3 years
Service code 27
50 S. LASALLE STREET · CHICAGO, IL 60675
Advisory (Plan)
$72,000
STRATEGIC ADVOCATES LLC2 years
Service code 26 · EIN 87-1916642
Advisory (Participants)
$43,000
CASTLEVIEW PARTNERS LLC1 year
Service code 26 · EIN 47-4596387
Advisory (Participants)
$35,000

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
$6.9M
$102 / participant
  • Recordkeeping$3M36.1%
  • Investment mgmt$4M58.4%
  • Legal$26K0.4%
  • Contract admin$42K0.6%
  • Other / not subdivided$315K4.5%
% of EOY assets
0.115%
all-in expense ratio
Categories reported
4 / 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
$40,000
Opinion code
Unqualified