Retirement plan

TRINITY HEALTH ERISA PENSION PLAN

Name: TRINITY HEALTH CORPORATION - TRINITY HEALTH ERISA PENSION PLAN (2023) Form 5500
Creator: TRINITY HEALTH CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRINITY HEALTH ERISA PENSION PLAN, TRINITY HEALTH CORPORATION

TRINITY HEALTH CORPORATIONEIN 35-1443425Plan #021PY 2023

20555 VICTOR PARKWAY - LIVONIA, MI 48152734-343-1043trinity-health.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#012Retirement-$721.9M assets #014Retirement-$384.7M assets

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$396K

-4.1% from 2018

Total participants

+4.3% from 2018

Average account balance

No prior year

Annual return

-4.58%

+2397.39 pp from 2018

Benchmarks

See 12,835 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants<25

Cohort12,835 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12K

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-224.87%

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

0 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
NORTHERN TRUST COMPANY7+ years Filed as: THE NORTHERN TRUST COMPANY Service code 19 · EIN 36-1561860	Securities Custodian	$31,430
USI CONSULTING GROUP4 years Filed as: USI CONSULTING GROUP, INC. Service code 11 · EIN 06-1053228	Actuarial	$30,727
RISK COMPLIANCE PERFORMANCE SOL.1 year Filed as: D RISK ANALYSIS, LLC Service code 50 · EIN 20-3957224	Direct Payment	$10,000

Plan features & details

Pension benefit codes1A1C1I3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$258,723-100.0%

$247,553-100.0%

$285,997-100.0%

Participation rate

0.0%

61.8%-61.8pp

50.4%-50.4pp

55.8%-55.8pp

Annual return

-4.58%

34.49%-39.1pp

32.33%-36.9pp

24.44%-29.0pp

Employer contribution / active EE

$36,004-100.0%

$33,964-100.0%

$41,356-100.0%

Participant deferral / active EE

$42-100.0%

$43-100.0%

$55-100.0%

Admin fee / account holder

$10,641-100.0%

$10,141-100.0%

$22,013-100.0%

Provider

Service type

Compensation

NORTHERN TRUST COMPANY7+ years

Filed as: THE NORTHERN TRUST COMPANY

Service code 19 · EIN 36-1561860

Securities Custodian

$31,430

USI CONSULTING GROUP4 years

Filed as: USI CONSULTING GROUP, INC.

Service code 11 · EIN 06-1053228

Actuarial

$30,727

RISK COMPLIANCE PERFORMANCE SOL.1 year

Filed as: D RISK ANALYSIS, LLC

Service code 50 · EIN 20-3957224

Direct Payment

$10,000

TRINITY HEALTH ERISA PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRINITY HEALTH ERISA PENSION 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