Retirement plan

ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN

Name: ST VINCENT CHARITY MEDICAL CENTER - ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: ST VINCENT CHARITY MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN, ST VINCENT CHARITY MEDICAL CENTER

ST VINCENT CHARITY MEDICAL CENTEREIN 34-0714756Plan #001PY 2023

2351 EAST 22ND STREET - CLEVELAND, OH 44115216-363-7718

Other plans on this EIN

2 filings

#002Retirement-$20.0M assets #004Retirement-$3.5M assets

Prospect flagsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

$57.7M

-19.2% from 2022

Total participants

1,663

-5.6% from 2022

Average account balance

$34,863

-14.3% from 2022

Annual return

13.69%

+30.44 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.93M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

1,494

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$638K

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICES A Service code 16 · EIN 59-2937883	Consulting	$7,500
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,732
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$4,332

Plan features & details

Pension benefit codes2T3H2E2J2K2S2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$10K

$77 / participant

Investment mgmt$6K54.9%
Legal$2K14.8%
Other / not subdivided$3K30.3%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MALONEY & NOVOTNY LLC
Auditor EIN: 340677006
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,863

$61,338-43.2%

$149,717-76.7%

$71,495-51.2%

Participation rate

94.8%

62.5%+32.3pp

78.8%+16.0pp

67.9%+26.9pp

Annual return

13.69%

35.86%-22.2pp

134.41%-120.7pp

28.85%-15.2pp

Employer contribution / active EE

$2,702

$2,381+13.5%

$4,820-43.9%

$2,589+4.3%

Participant deferral / active EE

$2,229

$2,919-23.6%

$5,682-60.8%

$4,291-48.0%

Admin fee / account holder

$1,263-99.5%

$13,213-100.0%

$1,588-99.6%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICES A

Service code 16 · EIN 59-2937883

Consulting

$7,500

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,732

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$4,332

ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS 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