PlanOptica
Retirement plan

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

ST JOSEPH HEALTH SYSTEMEIN 95-3589356Plan #002PY 2021
Sign in to saveView 5500 PDF
2001 LIND AVE SW - RENTON, WA 98057888-687-3753
Other plans on this EIN
1 filing
#004Retirement-$3.94B assets
Prospect flagsLow returnsLow employer contributionLow participant contributionWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(888) 687-3753
Plan administrator signer
REBECCA BROWN
Signed 10/14/2022
How to read this page

Summary metrics

Total assets (EOY)
$120.4M
-11.1% from 2019
Total participants
994
+11.4% from 2019
Average account balance
$121,760
-31.6% from 2019
Annual return
11.23%
+57.05 pp from 2019

Benchmarks

See 3,798 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants250-999
Cohort3,798 peers
Snapshot2021
Participant deferral / active EE
$0
median $1,999
Employer contribution / active EE
$0
median $1,004
Participation rate
99.3%
median 72.4%
Avg account balance
$121,760
median $33,825
Admin fee / account holder
$82
median $106
Annual return
11.23%
median 14.80%
Overall peer rank
42nd 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 2 by compensation
ProviderService typeCompensation
KPMG LLP3 years
Service code 10 · EIN 13-5565207
Accounting
$26,000
STRATEGIC ADVISORS, INC.4+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$10,237

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 codes2F2G2J2R2T
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.
  • 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

4 tripped
  • OpportunityLow participant contribution

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

  • OpportunityLow employer contribution

    Employer 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.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$82K
$114 / participant
  • Other / not subdivided$82K100.0%
% of EOY assets
0.068%
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