Retirement plan
ST. JOSEPH AND COVENANT HEALTH SYSTEMS 403(B) PLAN
ST JOSEPH HEALTH SYSTEMEIN 95-3589356Plan #002PY 2023
1801 LIND AVE SW - RENTON, WA 98057888-687-3753
Other plans on this EIN
1 filingProspect flagsLow participationLow employer contributionLow participant contributionWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
REBECCA BROWN
Signed 10/15/2024
Summary metrics
Total assets (EOY)
$88.1M
-11.1% from 2019
Total participants
769
+11.4% from 2019
Average account balance
$173,744
-31.6% from 2019
Annual return
15.94%
+57.05 pp from 2019
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants250-999
Cohort4,033 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $2,128
0
Employer contribution / active EE
$0
median $1,073
32
Participation rate
48.3%
median 68.7%
96
Avg account balance
$173,744
median $30,931
69
Admin fee / account holder
$58
median $121
38
Annual return
15.94%
median 16.99%
Overall peer rank
39of 100
39th 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 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CLARK NUBER P.S1 year Service code 10 · EIN 91-1194016 | Accounting | $12,044 |
FIDELITY1 year Service code 37 · EIN 04-2647786 | Loan Processing | $9,296 |
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $8,020 |
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.
Plan features & details
Pension benefit codes2F2G2J2R2T2U2X
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal 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 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 employer contribution
Employer contribution per participant 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
$29K
$58 / participant
- Recordkeeping$9K31.7%
- Investment mgmt$8K27.3%
- Other / not subdivided$12K41.0%
% of EOY assets
0.033%
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
- CLARK NUBER, P.S.
- Auditor EIN
- 911194016
- Audit fees
- $12,044
- Opinion code
- Unqualified