Retirement plan

THE METHODIST HOSPITALS, INC. 401(K) SAVINGS PLAN

Name: THE METHODIST HOSPITALS, INC. - THE METHODIST HOSPITALS, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: THE METHODIST HOSPITALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE METHODIST HOSPITALS, INC. 401(K) SAVINGS PLAN, THE METHODIST HOSPITALS, INC.

THE METHODIST HOSPITALS, INC.EIN 35-0868133Plan #002PY 2024

600 RICHARD GORDON HATCHER BLVD - GARY, IN 46402219-886-4000methodisthospitals.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$74.9M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed September 24, 2020 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

600 Grant Street

Gary, IN 46402

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Plans declared (3)

The Methodist Hospitals, Inc. 457b Plan46 emp
The Methodisth Hospitals, Inc. 457f Plan for Senior Vice Presidents3 emp
The Methodist Hospitals, Inc. 457f Plan for President and CEO1 emp

Total covered: 50 employees

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Total assets (EOY)

$191.2M

+14.4% from 2023

Total participants

3,588

+2.3% from 2023

Average account balance

$75,080

+7.8% from 2023

Annual return

17.47%

-0.22 pp from 2023

Benchmarks

See 1,433 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,433 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$191.15M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

2,546

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.

64.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.51M

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

+17.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY9 years Service code 15 · EIN 71-0294708	Recordkeeping	$296,536
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPTRUST FINANCIAL ADVISORS Service code 49 · EIN 26-0058143	Other Services	$30,396

Plan features & details

Pension benefit codes2E2F2G2J2K2R

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$297K

$100 / participant

Contract admin$287K96.6%
Other / not subdivided$10K3.4%

% of EOY assets

0.155%

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: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,080

$53,254+41.0%

$155,574-51.7%

$199,921-62.4%

Participation rate

64.8%

64.1%+0.7pp

78.2%-13.4pp

72.0%-7.2pp

Annual return

17.47%

41.18%-23.7pp

64.87%-47.4pp

34.28%-16.8pp

Employer contribution / active EE

$1,043

$1,848-43.6%

$4,676-77.7%

$3,035-65.7%

Participant deferral / active EE

$2,846

$3,165-10.1%

$5,629-49.4%

$5,089-44.1%

Admin fee / account holder

$116

$186-37.2%

$15,914-99.3%

$269-56.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY9 years

Service code 15 · EIN 71-0294708

Recordkeeping

$296,536

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPTRUST FINANCIAL ADVISORS

Service code 49 · EIN 26-0058143

Other Services

$30,396

THE METHODIST HOSPITALS, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE METHODIST HOSPITALS, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

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