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Retirement plan

INTERMOUNTAIN HEALTHCARE TAX DEFERRED SAVINGS 403(B) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #003PY 2020
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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
#002Retirement-$3.69B assets#001Retirement-$3.49B assets
Prospect flagsLow participationLow participant contributionCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
DAVID K. ADAMS
Signed 10/14/2021
(801) 442-2049
How to read this page

Summary metrics

Total assets (EOY)
$280.4M
-9.4% from 2016
Total participants
38,564
-2.9% from 2016
Average account balance
$58,677
-5.5% from 2016
Annual return
18.36%
-11.97 pp from 2016

Benchmarks

See 228 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
Participant deferral / active EE
$515
median $3,786
Employer contribution / active EE
$0
median $1,365
Participation rate
10.0%
median 83.8%
Avg account balance
$58,677
median $58,490
Admin fee / account holder
$43
median $46
Annual return
18.36%
median 16.84%
Overall peer rank
38th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$341.69M
Average account balance
Total assets / participants with a balance (line 6g)
$78K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,383
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
7.8%
Contributions (total)
Employer and participant dollars contributed each year
$25.13M
Contributions per participant
Average employer and participant contribution per enrolled participant
$543
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.24%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$45
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 4 by compensation
ProviderService typeCompensation
T ROWE PRICE RPS INC6+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$163,000
KPMG LLP6+ years
Service code 10
15 W TEMPLE · SALT LAKE CITY, UT 84101
Accounting
$26,000
STOEL RIVES LLP4 years
Service code 29
201 SOUTH MAIN STREET · SALT LAKE CITY, UT 84111
Legal
$9,000
MERCER2 years
Service code 16
PO BOX 13793 · DALLAS, TX 75373
Consulting
$6,000

Plan features & details

Pension benefit codes2F2G2M3H
Plan features
  • 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.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
  • 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

3 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$204K
$5 / participant
  • Investment mgmt$6K2.9%
  • Contract admin$156K76.5%
  • Other / not subdivided$42K20.6%
% of EOY assets
0.073%
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