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Retirement plan

SUTTER HEALTH 401(K) SAVINGS PLAN

SUTTER HEALTHEIN 94-2788907Plan #338PY 2021
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2200 RIVER PLAZA DRIVE - SACRAMENTO, CA 95833916-887-7232sutterhealth.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
6 filings
#333Retirement-$6.82B assets#337Retirement-$6.38B assets#334Retirement-$756.6M assets#002Retirement-$213.1M assets#339Retirement-$75.0M assets#335Retirement-$1.7M assets
Prospect flagsHigh cashLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(916) 887-7232
Plan administrator signer
TRACY MESSINEO
Signed 10/03/2022
How to read this page

Summary metrics

Total assets (EOY)
$192.9M
-41.6% from 2016
Total participants
4,933
-43.7% from 2016
Average account balance
$39,440
+4.0% from 2016
Annual return
13.48%
-75.58 pp from 2016

Benchmarks

See 1,316 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants1,000-4,999
Cohort1,316 peers
Snapshot2021
Participant deferral / active EE
$1,143
median $2,519
Employer contribution / active EE
$45
median $1,037
Participation rate
98.7%
median 76.9%
Avg account balance
$39,440
median $39,120
Admin fee / account holder
$22
median $86
Annual return
13.48%
median 14.71%
Overall peer rank
49th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$179.58M
Average account balance
Total assets / participants with a balance (line 6g)
$46K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,865
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
96.3%
Contributions (total)
Employer and participant dollars contributed each year
$4.05M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.63%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$22
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 INSTITUTIONAL7+ years
Service code 37 · EIN 04-2647786
Loan Processing
$107,303

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 codes3H2E2F2G2J2K2R2S2T
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.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 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 employer contribution

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

  • OpportunityHigh cash

    More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II
Admin total
$107K
$34 / participant
  • Other / not subdivided$107K100.0%
% of EOY assets
0.056%
all-in expense ratio
Categories reported
0 / 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
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Disclaimer