Retirement plan

VIRTUA 401(K) SAVINGS PLAN

Name: VIRTUA HEALTH - VIRTUA 401(K) SAVINGS PLAN (2018) Form 5500
Creator: VIRTUA HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRTUA 401(K) SAVINGS PLAN, VIRTUA HEALTH

VIRTUA HEALTHEIN 22-3524939Plan #002PY 2018

1200 HOWARD BLVD, SUITE 200 - MT. LAUREL, NJ 08054856-761-3900virtuahealth.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$219.3M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 30, 2006 (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.

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Total assets (EOY)

$485.6M

-11.1% from 2016

Total participants

10,241

-5.6% from 2016

Average account balance

$48,609

-7.2% from 2016

Annual return

-3.13%

-7.45 pp from 2016

Benchmarks

See 232 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort232 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.18B

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

16,613

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-1140070	Contract Administrator	$207,088
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$88,000
MPS COMMUNICATIONS2 years Filed as: MPS COMMUNICATION GRAPHICS Service code 16 · EIN 23-2808727	Consulting	$28,388
MAILLIE LLP4+ years Service code 10 · EIN 23-1518888	Accounting	$19,700
BALLARD SPAHR LLP1 year Filed as: BALLARD SPAHR Service code 29 · EIN 23-0382195	Legal	$12,612

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$356K

$47 / participant

Investment mgmt$88K24.7%
Contract admin$207K58.2%
Other / not subdivided$61K17.1%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

2 / 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: MAILLIE LLP
Auditor EIN: 231518888
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,609

$44,007+10.5%

$154,110-68.5%

$68,904-29.5%

Participation rate

96.7%

70.0%+26.7pp

83.0%+13.7pp

74.1%+22.6pp

Annual return

-3.13%

8.15%-11.3pp

735.22%-738.3pp

1.07%-4.2pp

Employer contribution / active EE

$2,014

$1,732+16.3%

$5,298-62.0%

$2,540-20.7%

Participant deferral / active EE

$3,930

$2,813+39.7%

$5,081-22.6%

$4,015-2.1%

Admin fee / account holder

$36

$65-45.0%

$13,412-99.7%

$71-50.1%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION4+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$207,088

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$88,000

MPS COMMUNICATIONS2 years

Filed as: MPS COMMUNICATION GRAPHICS

Service code 16 · EIN 23-2808727

Consulting

$28,388

MAILLIE LLP4+ years

Service code 10 · EIN 23-1518888

Accounting

$19,700

BALLARD SPAHR LLP1 year

Filed as: BALLARD SPAHR

Service code 29 · EIN 23-0382195

Legal

$12,612

VIRTUA 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRTUA 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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