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Retirement plan

INTERMOUNTAIN HEALTHCARE TAX DEFERRED SAVINGS 403(B) PLAN

INTERMOUNTAIN HEALTH CARE, INC.EIN 87-0269232Plan #003PY 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
#002Retirement-$3.59B assets#001Retirement-$3.01B assets
Prospect flagsLow returnsLow participationLow participant contribution

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)
$262.4M
-9.4% from 2016
Total participants
42,651
-2.9% from 2016
Average account balance
$54,496
-5.5% from 2016
Annual return
-18.49%
-11.97 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
$566
median $4,382
Employer contribution / active EE
$0
median $1,922
Participation rate
9.0%
median 86.2%
Avg account balance
$54,496
median $51,383
Admin fee / account holder
$42
median $48
Annual return
-18.49%
median -15.58%
Overall peer rank
26th 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 INC8+ years
Service code 15
100 EAST PRATT STREET · BALTIMORE, MD 21202
Recordkeeping
$162,000
KPMG LLP8+ years
Service code 10
PO BOX 120754 · DALLAS, TX 75312
Accounting
$26,000
MERCER4 years
Service code 16
PO BOX 13793 · DALLAS, TX 75373
Consulting
$7,000
STOEL RIVES LLP6 years
Service code 29
900 SW FIFTH AVE · PORTLAND, OR 97204
Legal
$7,000

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.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$203K
$5 / participant
  • Investment mgmt$7K3.4%
  • Contract admin$158K77.8%
  • Other / not subdivided$38K18.7%
% of EOY assets
0.077%
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