Retirement plan

UHHS MEMORIAL HOSPITAL OF GENEVA EMPLOYEE RETIREMENT PLAN

Name: UNIVERSITY HOSPITALS (UH) - UHHS MEMORIAL HOSPITAL OF GENEVA EMPLOYEE RETIREMENT PLAN (2023) Form 5500
Creator: UNIVERSITY HOSPITALS (UH)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UHHS MEMORIAL HOSPITAL OF GENEVA EMPLOYEE RETIREMENT PLAN, UNIVERSITY HOSPITALS (UH)

UNIVERSITY HOSPITALS (UH)EIN 34-0714461Plan #001PY 2023

870 W. MAIN ST. - GENEVA, OH 44041440-466-1141uhhospitals.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$3.8M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$4M

+3.1% from 2022

Total participants

-45.5% from 2022

Average account balance

$67,340

+85.6% from 2022

Annual return

15.43%

+31.05 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.41M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2448

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2T3H2C2F3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$605K

$18914 / participant

Other / not subdivided$605K100.0%

% of EOY assets

14.980%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,340

$77,908-13.6%

$149,696-55.0%

$75,173-10.4%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

15.43%

31.73%-16.3pp

134.46%-119.0pp

160.72%-145.3pp

Employer contribution / active EE

$3,711

$3,138+18.3%

$4,821-23.0%

$2,671+38.9%

Participant deferral / active EE

$3,411-100.0%

$5,682-100.0%

$4,126-100.0%

Admin fee / account holder

$10,088

$5,950+69.6%

$13,212-23.6%

$5,651+78.5%

UHHS MEMORIAL HOSPITAL OF GENEVA EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UHHS MEMORIAL HOSPITAL OF GENEVA EMPLOYEE RETIREMENT 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