Retirement plan

THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS

Name: PREMIER HEALTH PARTNERS - THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS (2018) Form 5500
Creator: PREMIER HEALTH PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS, PREMIER HEALTH PARTNERS

PREMIER HEALTH PARTNERSEIN 31-1446699Plan #003PY 2018

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

Other plans on this EIN

2 filings

#001Retirement-$607.6M assets #002Retirement-$319.6M assets

Prospect flagsLow returnsHigh cashLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$44.2M

-4.9% from 2016

Total participants

11,020

+0.3% from 2016

Average account balance

$4,583

-3.4% from 2016

Annual return

-7.01%

-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

$243.82M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

11,010

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.

74.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$575

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45

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
METLIFE LIFE INSURANCE COMPANY2 years Service code 64 11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277	Recordkeeping Fees	$178,005
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS COMP Service code 27 PO BOX 771115 · CINCINNATI, OH 452771115	Advisory (Plan)	$70,000
CLARK, SCHAEFER, HACKETT & CO.3 years Filed as: CLARK SCHAEFER HACKETT & CO Service code 10 10100 INNVOVATION DRIVE · DAYTON, OH 45342	Accounting	$11,750
MERCER1 year Filed as: PAVILION ADVISORY GROUP INC Service code 27 227 W MONROE STREET SUITE 2020 · CHICAGO, IL 60606	Advisory (Plan)	$7,083
A+ LETTER SERVICE, INC.1 year Service code 99 200 SYRACUSE CT · LAKEWOOD, NJ 08701	Other Fees	$6,912
WITHUMSMITH+BROWN, PC2 years Filed as: FROST BROWN TODD LLC Service code 29 PO BOX 5716 · CINCINNATI, OH 452015716	Legal	$1,599
TD AMERITRADE, INC.4+ years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$32

Plan features & details

Pension benefit codes2E2F2G2K2R2T3D3H

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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$275K

$30 / participant

Contract admin$275K100.0%

% of EOY assets

0.624%

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, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,583

$44,007-89.6%

$154,110-97.0%

$68,904-93.3%

Participation rate

85.1%

70.0%+15.1pp

83.0%+2.1pp

74.1%+11.0pp

Annual return

-7.01%

8.15%-15.2pp

735.22%-742.2pp

1.07%-8.1pp

Employer contribution / active EE

$558

$1,732-67.8%

$5,298-89.5%

$2,540-78.0%

Participant deferral / active EE

$2,813-100.0%

$5,081-100.0%

$4,015-100.0%

Admin fee / account holder

$29

$65-55.9%

$13,412-99.8%

$71-59.9%

Provider

Service type

Compensation

METLIFE LIFE INSURANCE COMPANY2 years

Service code 64

11225 NORTH COMMUNITY HOUSE ROAD · CHARLOTTE, NC 28277

Recordkeeping Fees

$178,005

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS COMP

Service code 27

PO BOX 771115 · CINCINNATI, OH 452771115

Advisory (Plan)

$70,000

CLARK, SCHAEFER, HACKETT & CO.3 years

Filed as: CLARK SCHAEFER HACKETT & CO

Service code 10

10100 INNVOVATION DRIVE · DAYTON, OH 45342

Accounting

$11,750

MERCER1 year

Filed as: PAVILION ADVISORY GROUP INC

Service code 27

227 W MONROE STREET SUITE 2020 · CHICAGO, IL 60606

Advisory (Plan)

$7,083

A+ LETTER SERVICE, INC.1 year

Service code 99

200 SYRACUSE CT · LAKEWOOD, NJ 08701

Other Fees

$6,912

WITHUMSMITH+BROWN, PC2 years

Filed as: FROST BROWN TODD LLC

Service code 29

PO BOX 5716 · CINCINNATI, OH 452015716

Legal

$1,599

TD AMERITRADE, INC.4+ years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$32

THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE EMPLOYER 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