Retirement plan

THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS

Name: PREMIER HEALTH PARTNERS - THE EMPLOYER RETIREMENT SAVINGS PLAN- PREMIER HEALTH PARTNERS (2023) 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 2023

110 N. MAIN STREET 11TH FLOOR EAST - DAYTON, OH 45402937-499-5417premierhealth.comLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$711.8M assets #002Retirement-$504.9M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$227.7M

-4.9% from 2016

Total participants

13,739

+0.3% from 2016

Average account balance

$21,825

-3.4% from 2016

Annual return

18.45%

-7.45 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
FID INV INST OPS CO5 years Service code 15 · EIN 04-2647786	Recordkeeping	$437,090
MERCER4 years Filed as: MERCER INVESTMENTS, LLC Service code 27 · EIN 13-2834414	Advisory (Plan)	$29,891
CLARK, SCHAEFER, HACKETT & CO.5 years Filed as: CLARK SCHAEFFER HACKETT & CO Service code 10 · EIN 31-0800053	Accounting	$20,850
WITHUMSMITH+BROWN, PC7 years Filed as: FROST BROWN TODD LLC Service code 29 · EIN 61-0722001	Legal	$632

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

1 tripped

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

$489K

$38 / participant

Recordkeeping$437K89.4%
Legal$6320.1%
Contract admin$3000.1%
Other / not subdivided$51K10.4%

% of EOY assets

0.215%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK, SCHAEFER, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: $20,850
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,825

$68,330-68.1%

$149,740-85.4%

$96,393-77.4%

Participation rate

74.0%

74.6%-0.6pp

78.8%-4.7pp

71.3%+2.8pp

Annual return

18.45%

29.64%-11.2pp

134.51%-116.1pp

22.88%-4.4pp

Employer contribution / active EE

$614

$2,139-71.3%

$4,821-87.3%

$3,239-81.0%

Participant deferral / active EE

$4,422-100.0%

$5,683-100.0%

$5,455-100.0%

Admin fee / account holder

$47

$52-9.9%

$13,222-99.6%

$74-36.6%

Provider

Service type

Compensation

FID INV INST OPS CO5 years

Service code 15 · EIN 04-2647786

Recordkeeping

$437,090

MERCER4 years

Filed as: MERCER INVESTMENTS, LLC

Service code 27 · EIN 13-2834414

Advisory (Plan)

$29,891

CLARK, SCHAEFER, HACKETT & CO.5 years

Filed as: CLARK SCHAEFFER HACKETT & CO

Service code 10 · EIN 31-0800053

Accounting

$20,850

WITHUMSMITH+BROWN, PC7 years

Filed as: FROST BROWN TODD LLC

Service code 29 · EIN 61-0722001

Legal

$632

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