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Retirement plan

ST. JOSEPH AND COVENANT HEALTH SYSTEMS 403(B) PLAN

ST JOSEPH HEALTH SYSTEMEIN 95-3589356Plan #002PY 2018
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2001 LIND AVE SW - RENTON, WA 98057855-200-6947
Other plans on this EIN
1 filing
#004Retirement-$2.42B assets
Prospect flagsLow participationLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(855) 200-6947
Plan administrator signer
REBECCA BROWN
Signed 12/04/2019
How to read this page

Summary metrics

Total assets (EOY)
$103.1M
-11.1% from 2019
Total participants
1,212
+11.4% from 2019
Average account balance
$173,630
-31.6% from 2019
Annual return
78.56%
+57.05 pp from 2019

Benchmarks

See 3,849 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants250-999
Cohort3,849 peers
Snapshot2018
Participant deferral / active EE
$3,971
median $1,475
Employer contribution / active EE
$0
median $793
Participation rate
31.4%
median 70.7%
Avg account balance
$173,630
median $24,709
Admin fee / account holder
$120
median $66
Annual return
78.56%
median -4.56%
Overall peer rank
55th percentileavg across 6 metrics

Analytics

2018 - 2024
Total assets (EOY)
Plan-year ending balance
$91.24M
Average account balance
Total assets / participants with a balance (line 6g)
$127K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
718
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
100.0%
Contributions (total)
Employer and participant dollars contributed each year
$3.30M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.68%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$30
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 6 by compensation
ProviderService typeCompensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years
Service code 12 · EIN 13-3689044
Participant loan processing; Float re...
$20,388
WORKDAY, INC.1+ years
Service code 16 · EIN 20-2480422
Consulting
$14,803
SEVEN SIMPLE MACHINES1+ years
Service code 16 · EIN 20-4028622
Consulting
$8,500
STRATEGIC ADVISORS, INC.1+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$5,031
CHARLES SCHWAB & CO., INC.1+ years
Service code 33 · EIN 94-1737782
Securities brokerage commissions and ...
$266
NATIONAL FINANCIAL SERVICES1+ years
Service code 33 · EIN 04-3523567
Securities brokerage commissions and ...
$0

Top hat statement on fileNQDC

Filed December 7, 2015 (most recent of 2 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 codes2F2G2J2R2T2E
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.
  • 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.

Opportunity flags

2 tripped
  • OpportunityLow participation

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

  • OpportunityLow employer contribution

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

Expense breakdown

Schedule H Part II
Admin total
$71K
$79 / participant
  • Other / not subdivided$71K100.0%
% of EOY assets
0.069%
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
KPMG
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Disclaimer