Retirement plan

ST VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN FOR ONA EMPLOYEES

Name: ST VINCENT CHARITY MEDICAL CENTER - ST VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN FOR ONA EMPLOYEES (2016) 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 FOR ONA EMPLOYEES, ST VINCENT CHARITY MEDICAL CENTER

ST VINCENT CHARITY MEDICAL CENTEREIN 34-0714756Plan #002PY 2016

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

Other plans on this EIN

2 filings

#001Retirement-$54.6M assets #004Retirement-$2.0M assets

Prospect flagsLow participationFailed to provide benefit

How to read this page

Total assets (EOY)

$24.6M

+7.6% from 2015

Total participants

444

-2.8% from 2015

Average account balance

$76,273

+2.3% from 2015

Annual return

5.70%

+2.66 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.31M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

264

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-12

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,000

Plan features & details

Pension benefit codes2G2J2K2R2T3H

Plan features

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$2K

$5 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.008%

all-in expense ratio

Categories reported

0 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,273

$36,916+106.6%

$156,551-51.3%

$57,658+32.3%

Participation rate

68.0%

63.4%+4.6pp

84.0%-16.0pp

70.2%-2.2pp

Annual return

5.70%

12.38%-6.7pp

32.23%-26.5pp

5.13%+0.6pp

Employer contribution / active EE

$607

$1,571-61.4%

$5,501-89.0%

$1,974-69.3%

Participant deferral / active EE

$3,016

$1,926+56.6%

$4,871-38.1%

$3,061-1.5%

Admin fee / account holder

$82-92.5%

$13,028-100.0%

$95-93.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,000

ST VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN FOR ONA EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST VINCENT CHARITY MEDICAL CENTER RETIREMENT SAVINGS PLAN FOR ONA EMPLOYEES

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