Retirement plan

HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN

Name: HOLZER HEALTH SYSTEM - HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN (2016) Form 5500
Creator: HOLZER HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN, HOLZER HEALTH SYSTEM

HOLZER HEALTH SYSTEMEIN 31-1156690Plan #001PY 2016

100 JACKSON PIKE - GALLIPOLIS, OH 45631740-446-5000holzer.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$40.0M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$176.6M

+7.9% from 2016

Total participants

3,038

-16.4% from 2016

Average account balance

$80,342

-6.4% from 2016

Annual return

6.22%

-6.09 pp from 2016

Benchmarks

See 1,286 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,286 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$183.28M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

1,903

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.

65.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$736

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$221

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 7 by compensation

Provider	Service type	Compensation
MCCREADY & KEENE INC.2+ years Service code 15 · EIN 35-0500670	Recordkeeping	$171,587
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 41 S HIGH ST SUITE 2700 · COLUMBUS, SC 43215	Advisory (Plan)	$105,000
JOSH TODD2+ years Filed as: JOSH ROACH Service code 27 NORRIS FINANCIAL GROUP · GREENVILLE, SC 29601	Advisory (Plan)	$94,536
MATRIX TRUST COMPANY2+ years Filed as: MG TRUST CO DBA MATRIX TRUST CO. Service code 18 · EIN 75-3182674	Trustee (directed); Other services; D...	$50,198
SHERRY OTTE2+ years Filed as: SHERRY SPURGEON Service code 27 CHARLES SCHWAB · PHOENIX, AZ 85016	Advisory (Plan)	$11,815
LARA MAY & ASSOCIATES LLC2+ years Filed as: LARA KLEINERT Service code 27 CHARLES SCHWAB · PHOENIX, AZ 85016	Advisory (Plan)	$8,610
DAVID ROMANO1 year Filed as: DAVID MILLER Service code 27 RBC WEALTH MANAGEMENT · HUNTINGTON, WV 25701	Advisory (Plan)	$5,293

Plan features & details

Pension benefit codes2E2F2G2K2T3D3H

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$448K

$196 / participant

Investment mgmt$397K88.8%
Other / not subdivided$50K11.2%

% of EOY assets

0.253%

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: SCHNEIDER DOWNS AND CO INC
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,342

$37,213+115.9%

$156,551-48.7%

$63,975+25.6%

Participation rate

63.2%

65.0%-1.7pp

84.0%-20.8pp

71.1%-7.9pp

Annual return

6.22%

47.89%-41.7pp

32.23%-26.0pp

48.65%-42.4pp

Employer contribution / active EE

$1,549

$1,357+14.1%

$5,501-71.8%

$2,182-29.0%

Participant deferral / active EE

$2,070-100.0%

$4,871-100.0%

$3,356-100.0%

Admin fee / account holder

$204

$56+261.6%

$13,028-98.4%

$70+189.1%

Provider

Service type

Compensation

MCCREADY & KEENE INC.2+ years

Service code 15 · EIN 35-0500670

Recordkeeping

$171,587

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27

41 S HIGH ST SUITE 2700 · COLUMBUS, SC 43215

Advisory (Plan)

$105,000

JOSH TODD2+ years

Filed as: JOSH ROACH

Service code 27

NORRIS FINANCIAL GROUP · GREENVILLE, SC 29601

Advisory (Plan)

$94,536

MATRIX TRUST COMPANY2+ years

Filed as: MG TRUST CO DBA MATRIX TRUST CO.

Service code 18 · EIN 75-3182674

Trustee (directed); Other services; D...

$50,198

SHERRY OTTE2+ years

Filed as: SHERRY SPURGEON

Service code 27

CHARLES SCHWAB · PHOENIX, AZ 85016

Advisory (Plan)

$11,815

LARA MAY & ASSOCIATES LLC2+ years

Filed as: LARA KLEINERT

Service code 27

CHARLES SCHWAB · PHOENIX, AZ 85016

Advisory (Plan)

$8,610

DAVID ROMANO1 year

Filed as: DAVID MILLER

Service code 27

RBC WEALTH MANAGEMENT · HUNTINGTON, WV 25701

Advisory (Plan)

$5,293

HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN

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