Retirement plan

EMPLOYEE RETIREMENT SAVINGS PLAN - PREMIER HEALTH PARTNERS

Name: PREMIER HEALTH PARTNERS - EMPLOYEE RETIREMENT SAVINGS PLAN - PREMIER HEALTH PARTNERS (2017) Form 5500
Creator: PREMIER HEALTH PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE RETIREMENT SAVINGS PLAN - PREMIER HEALTH PARTNERS, PREMIER HEALTH PARTNERS

PREMIER HEALTH PARTNERSEIN 31-1446699Plan #002PY 2017

110 N. MAIN STREET SUITE 1220 - DAYTON, OH 45402937-499-5437premierhealth.comLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$702.9M assets #003Retirement-$45.9M assets

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$345.8M

-15.4% from 2016

Total participants

12,077

+6.0% from 2016

Average account balance

$52,082

-16.3% from 2016

Annual return

17.95%

-16.81 pp from 2016

Benchmarks

See 207 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort207 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$570.82M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

13,756

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.

87.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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 8 by compensation

Provider	Service type	Compensation
METLIFE LIFE INSURANCE COMPANY2 years Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277	Recordkeeping Fees	$227,788
MSI FINANCIAL SERVICES INC.2 years Service code 55 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Commissions	$17,481
CLARK, SCHAEFER, HACKETT & CO.2 years Filed as: CLARK SCHAEFER HACKETT & CO Service code 10 10100 INNOVATIVE DRIVE · DAYTON, OH 45342	Accounting	$14,925
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES Service code 55 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Commissions	$10,327
A+ LETTER SERVICE, INC.1 year Service code 99 200 SYRACUSE CT · LAKEWOOD, NJ 08701	Other Fees	$6,877
WITHUMSMITH+BROWN, PC1 year Filed as: FROST BROWN TODD LLC Service code 29 PO BOX 5716 · CINCINNATI, OH 45201	Legal	$2,732
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INS. CO. Service code 15 · EIN 04-1590850	Recordkeeping	$288
TD AMERITRADE, INC.3+ years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$225

Plan features & details

Pension benefit codes2F2G2L2M2R2T3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$253K

$24 / participant

Contract admin$253K100.0%

% of EOY assets

0.073%

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: CLARK, SCHAEFER, HACKET &CO
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,082

$53,684-3.0%

$170,435-69.4%

$80,976-35.7%

Participation rate

47.8%

69.2%-21.4pp

83.6%-35.8pp

68.3%-20.5pp

Annual return

17.95%

25.97%-8.0pp

205.94%-188.0pp

22.91%-5.0pp

Employer contribution / active EE

$1,642-100.0%

$5,432-100.0%

$2,402-100.0%

Participant deferral / active EE

$2,131

$3,017-29.4%

$4,939-56.9%

$3,848-44.6%

Admin fee / account holder

$38

$46-17.9%

$13,881-99.7%

$67-43.6%

Provider

Service type

Compensation

METLIFE LIFE INSURANCE COMPANY2 years

Service code 64

11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277

Recordkeeping Fees

$227,788

MSI FINANCIAL SERVICES INC.2 years

Service code 55

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Commissions

$17,481

CLARK, SCHAEFER, HACKETT & CO.2 years

Filed as: CLARK SCHAEFER HACKETT & CO

Service code 10

10100 INNOVATIVE DRIVE · DAYTON, OH 45342

Accounting

$14,925

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES

Service code 55

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Commissions

$10,327

A+ LETTER SERVICE, INC.1 year

Service code 99

200 SYRACUSE CT · LAKEWOOD, NJ 08701

Other Fees

$6,877

WITHUMSMITH+BROWN, PC1 year

Filed as: FROST BROWN TODD LLC

Service code 29

PO BOX 5716 · CINCINNATI, OH 45201

Legal

$2,732

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INS. CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$288

TD AMERITRADE, INC.3+ years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$225

EMPLOYEE RETIREMENT SAVINGS PLAN - PREMIER HEALTH PARTNERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE RETIREMENT SAVINGS PLAN - PREMIER HEALTH PARTNERS

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