Retirement plan

THE UNIVERSITY OF VERMONT MEDICAL CENTER 403(B) PLAN

Name: THE UNIVERSITY OF VERMONT MEDICAL CENTER - THE UNIVERSITY OF VERMONT MEDICAL CENTER 403(B) PLAN (2021) Form 5500
Creator: THE UNIVERSITY OF VERMONT MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE UNIVERSITY OF VERMONT MEDICAL CENTER 403(B) PLAN, THE UNIVERSITY OF VERMONT MEDICAL CENTER

THE UNIVERSITY OF VERMONT MEDICAL CENTEREIN 03-0219309Plan #006PY 2021

111 COLCHESTER AVE - BURLINGTON, VT 054011473802-847-0039

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed December 9, 2015 (most recent of 4 filings on file)

Plan administrator

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111 Colchester Avenue, Mailstop 151OH5

Burlington State: VT Zip Code: 05401

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Plans declared (1)

2015 Supplemental Retirement Benefit Plan1 emp

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Total assets (EOY)

$1770.1M

-8.7% from 2016

Total participants

13,040

-2.7% from 2016

Average account balance

$142,901

-6.3% from 2016

Annual return

15.03%

-6.04 pp from 2016

Benchmarks

See 226 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort226 peers

Snapshot2021

Participant deferral / active EE

$6,324

median $3,834

Employer contribution / active EE

$5,519

median $1,640

Participation rate

92.6%

median 85.8%

Avg account balance

$142,901

median $56,177

Admin fee / account holder

$125

median $56

Annual return

15.03%

median 14.70%

Overall peer rank

63of 100

63rd percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$2.22B

Average account balance

Total assets / participants with a balance (line 6g)

$137K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

16,212

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.4%

Contributions (total)

Employer and participant dollars contributed each year

$158.18M

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.87%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$106

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
FID INV INST OPS CO7+ years Service code 37 · EIN 04-2647786	Loan Processing	$1,209,198
STRATEGIC ADVISORS, INC.6 years Filed as: STRATEGIC ADVISERS Service code 27 · EIN 04-2654524	Advisory (Plan)	$187,353
SAGEPOINT FINANCIAL INC2 years Filed as: RESOURCE INVESTMENT ADVISORS Service code 27 · EIN 43-1451524	Advisory (Plan)	$67,019
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$47,899
MCSOLEY MCCOY & CO5 years Service code 10 · EIN 03-0032737	Accounting	$14,900

Plan features & details

Pension benefit codes2E2J2L2M2R2S2T3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$176 / participant

Investment mgmt$254K16.4%
Other / not subdivided$1M83.6%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCSOLEY MCCOY & CO
Auditor EIN: 030327374
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,901

$69,238+106.4%

$185,854-23.1%

$101,555+40.7%

Participation rate

92.6%

73.5%+19.1pp

81.7%+10.9pp

74.5%+18.1pp

Annual return

15.03%

21.26%-6.2pp

122.12%-107.1pp

21.00%-6.0pp

Employer contribution / active EE

$5,519

$2,104+162.3%

$5,169+6.8%

$2,972+85.7%

Participant deferral / active EE

$6,324

$3,764+68.0%

$5,569+13.6%

$4,874+29.7%

Admin fee / account holder

$125

$66+89.2%

$16,246-99.2%

$139-10.0%

Provider

Service type

Compensation

FID INV INST OPS CO7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$1,209,198

STRATEGIC ADVISORS, INC.6 years

Filed as: STRATEGIC ADVISERS

Service code 27 · EIN 04-2654524

Advisory (Plan)

$187,353

SAGEPOINT FINANCIAL INC2 years

Filed as: RESOURCE INVESTMENT ADVISORS

Service code 27 · EIN 43-1451524

Advisory (Plan)

$67,019

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$47,899

MCSOLEY MCCOY & CO5 years

Service code 10 · EIN 03-0032737

Accounting

$14,900

THE UNIVERSITY OF VERMONT MEDICAL CENTER 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE UNIVERSITY OF VERMONT MEDICAL CENTER 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion