Retirement plan

HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN

Name: HOLZER HEALTH SYSTEM - HOLZER HEALTH SYSTEM 401A PROFIT SHARING PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$77.7M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$175.4M

+7.9% from 2016

Total participants

2,597

-16.4% from 2016

Average account balance

$88,717

-6.4% from 2016

Annual return

14.19%

-6.09 pp from 2016

Benchmarks

See 1,405 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,405 peers

Snapshot2023

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 2 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.7 years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$174,555
MORGAN STANLEY SMITH BARNEY8 years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$131,250

Plan features & details

Pension benefit codes2E2F2G2K2T3D3H2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$480K

$228 / participant

Trustee / custodial$1K0.3%
Investment mgmt$266K55.4%
Other trustee fees$38K8.0%
Contract admin$175K36.4%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,717

$50,169+76.8%

$149,740-40.8%

$80,187+10.6%

Participation rate

70.6%

64.3%+6.3pp

78.8%-8.2pp

72.9%-2.3pp

Annual return

14.19%

29.82%-15.6pp

134.51%-120.3pp

40.40%-26.2pp

Employer contribution / active EE

$711

$1,869-62.0%

$4,821-85.3%

$2,980-76.2%

Participant deferral / active EE

$3,194-100.0%

$5,683-100.0%

$5,016-100.0%

Admin fee / account holder

$243

$153+59.0%

$13,222-98.2%

$145+67.5%

Provider

Service type

Compensation

MILLIMAN, INC.7 years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$174,555

MORGAN STANLEY SMITH BARNEY8 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$131,250

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