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 (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 FOR ONA EMPLOYEES, ST VINCENT CHARITY MEDICAL CENTER

ST VINCENT CHARITY MEDICAL CENTEREIN 34-0714756Plan #002PY 2023

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

Other plans on this EIN

2 filings

#001Retirement-$57.7M assets #004Retirement-$3.5M assets

Prospect flagsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

$20M

-22.5% from 2022

Total participants

286

-21.0% from 2022

Average account balance

$70,511

-1.4% from 2022

Annual return

16.28%

+37.30 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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 2 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
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$385

Plan features & details

Pension benefit codes2T3H2G2J2K2R

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

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

$646 / participant

Investment mgmt$10K104.0%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

1 / 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

$70,511

$175,259-59.8%

$149,723-52.9%

$139,487-49.4%

Participation rate

80.0%

83.4%-3.4pp

78.8%+1.2pp

80.3%-0.3pp

Annual return

16.28%

166.82%-150.5pp

134.50%-118.2pp

373.84%-357.6pp

Employer contribution / active EE

$1,258

$5,478-77.0%

$4,821-73.9%

$4,755-73.5%

Participant deferral / active EE

$6,233

$6,522-4.4%

$5,682+9.7%

$6,713-7.1%

Admin fee / account holder

$34

$16,158-99.8%

$13,215-99.7%

$11,407-99.7%

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

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$385

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