Retirement plan

BAYSTATE HEALTH, INC. RETIREMENT PLAN

Name: BAYSTATE HEALTH, INC. - BAYSTATE HEALTH, INC. RETIREMENT PLAN (2018) Form 5500
Creator: BAYSTATE HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAYSTATE HEALTH, INC. RETIREMENT PLAN, BAYSTATE HEALTH, INC.

BAYSTATE HEALTH, INC.EIN 04-2105941Plan #003PY 2018

280 CHESTNUT STREET - SPRINGFIELD, MA 01199413-794-7700baystatehealth.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$791.5M assets #002Retirement--

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed February 20, 2018 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

280 Chestnut Street

Springfield State: MA Zip Code: 01199

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Plans declared (1)

Baystate Health, Inc. 457(f) Deferred Compensation Plan583 emp

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Total assets (EOY)

$549.5M

-29.9% from 2016

Total participants

13,875

-1.4% from 2016

Average account balance

$41,233

-10.0% from 2016

Annual return

-4.65%

-13.70 pp from 2016

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort224 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41B

Not enough data

1 years with asset history on file

Average account balance

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

$83K

Not enough data

1 years with per-participant data

Participants with account balance

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

17,067

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$945,470
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON DELAWARE Service code 50 · EIN 53-0181291	Direct Payment	$37,256
ASCENSUS LLC1 year Filed as: ADMIN PARTNERS LLC Service code 15 · EIN 26-3310639	Recordkeeping	$33,801
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON DELAWARE, INC Service code 50 · EIN 53-0181291	Direct Payment	$25,850
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON DELAWARE INC Service code 50 · EIN 53-0181291	Direct Payment	$21,488
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL, DC OPERATIONS Service code 50 · EIN 04-1590850	Direct Payment	$12,223
VERRILL DANA LLP1 year Filed as: VERRILL DANA Service code 50 · EIN 01-0176171	Direct Payment	$10,169
COHEN & STEERS2 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
HARRIS2 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
OPPENHEIMER2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2M2L2F2G2S2T

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.
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.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$89 / participant

Contract admin$937K87.8%
Other / not subdivided$130K12.2%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

1 / 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: MEYERS BROTHER KALICKA P.C.
Auditor EIN: 042713795
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,233

$46,969-12.2%

$154,110-73.2%

$73,367-43.8%

Participation rate

95.4%

72.4%+23.0pp

83.0%+12.4pp

69.5%+26.0pp

Annual return

-4.65%

821.68%-826.3pp

735.22%-739.9pp

173.45%-178.1pp

Employer contribution / active EE

$3,628

$1,723+110.6%

$5,298-31.5%

$2,499+45.2%

Participant deferral / active EE

$4,162

$3,162+31.6%

$5,081-18.1%

$4,033+3.2%

Admin fee / account holder

$80

$47+71.8%

$13,412-99.4%

$68+17.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$945,470

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON DELAWARE

Service code 50 · EIN 53-0181291

Direct Payment

$37,256

ASCENSUS LLC1 year

Filed as: ADMIN PARTNERS LLC

Service code 15 · EIN 26-3310639

Recordkeeping

$33,801

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON DELAWARE, INC

Service code 50 · EIN 53-0181291

Direct Payment

$25,850

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON DELAWARE INC

Service code 50 · EIN 53-0181291

Direct Payment

$21,488

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL, DC OPERATIONS

Service code 50 · EIN 04-1590850

Direct Payment

$12,223

VERRILL DANA LLP1 year

Filed as: VERRILL DANA

Service code 50 · EIN 01-0176171

Direct Payment

$10,169

COHEN & STEERS2 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

HARRIS2 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

OPPENHEIMER2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

BAYSTATE HEALTH, INC. RETIREMENT 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

BAYSTATE HEALTH, INC. RETIREMENT 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