PlanOptica
Retirement plan

SUTTER HEALTH 403(B) SAVINGS PLAN

SUTTER HEALTHEIN 94-2788907Plan #337PY 2022
Sign in to saveView 5500 PDF
2200 RIVER PLAZA DRIVE - SACRAMENTO, CA 95833916-887-7232sutterhealth.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
6 filings
#333Retirement-$5.77B assets#334Retirement-$628.4M assets#002Retirement-$176.1M assets#338Retirement-$149.4M assets#339Retirement-$61.7M assets#335Retirement-$1.3M assets
Prospect flagsLow returnsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(916) 887-7232
Plan administrator signer
TRACY MESSINEO
Signed 09/19/2023
How to read this page

Summary metrics

Total assets (EOY)
$5320.3M
-20.9% from 2016
Total participants
69,618
-7.0% from 2016
Average account balance
$78,879
-14.1% from 2016
Annual return
-17.60%
-16.39 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
$9,427
median $4,382
Employer contribution / active EE
$640
median $1,922
Participation rate
95.7%
median 86.2%
Avg account balance
$78,879
median $51,383
Admin fee / account holder
$25
median $48
Annual return
-17.60%
median -15.58%
Overall peer rank
61st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$7.63B
Average account balance
Total assets / participants with a balance (line 6g)
$103K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
74,276
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
92.6%
Contributions (total)
Employer and participant dollars contributed each year
$618.56M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.66%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$25
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years
Service code 37 · EIN 04-2647786
Loan Processing
$1,681,766

Top hat statement on fileNQDC

Filed November 26, 1997 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2F2G2M2R2S2T3H
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.
  • 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.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 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

2 tripped
  • OpportunityLow returns

    Annual investment return 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
$1.7M
$33 / participant
  • Other / not subdivided$2M100.0%
% of EOY assets
0.032%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified