Retirement plan

DEACONESS HEALTH SYSTEM, INC. 401(K) PLAN

Name: DEACONESS HEALTH SYSTEM, INC. - DEACONESS HEALTH SYSTEM, INC. 401(K) PLAN (2023) Form 5500
Creator: DEACONESS HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEACONESS HEALTH SYSTEM, INC. 401(K) PLAN, DEACONESS HEALTH SYSTEM, INC.

DEACONESS HEALTH SYSTEM, INC.EIN 35-1532889Plan #010PY 2023

600 MARY STREET - EVANSVILLE, IN 47747812-450-5000deaconess.comLinkedIn5001-10000 employeeshospital & health care

Other plans on this EIN

3 filings

#333Retirement-$273.2M assets #004Retirement-$19.8M assets #001Retirement--

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed October 23, 2014 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$738.3M

+32.0% from 2022

Total participants

13,899

+21.1% from 2022

Average account balance

$55,142

+9.0% from 2022

Annual return

28.18%

+44.35 pp from 2022

Benchmarks

See 225 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort225 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$854.60M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

12,818

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$322,823
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$92,436
FID INV INST OPS CO3 years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3H2A2S3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$417K

$42 / participant

Recordkeeping$323K77.3%
Investment mgmt$92K22.1%
Other / not subdivided$2K0.5%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BLUE & CO, LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,142

$59,339-7.1%

$149,673-63.2%

$103,482-46.7%

Participation rate

94.8%

70.2%+24.6pp

78.8%+16.1pp

73.3%+21.6pp

Annual return

28.18%

77.78%-49.6pp

134.42%-106.2pp

33.11%-4.9pp

Employer contribution / active EE

$2,236

$2,178+2.7%

$4,818-53.6%

$3,208-30.3%

Participant deferral / active EE

$4,549

$3,716+22.4%

$5,680-19.9%

$5,207-12.6%

Admin fee / account holder

$31

$103-69.8%

$13,210-99.8%

$114-72.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$322,823

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$92,436

FID INV INST OPS CO3 years

Service code 60

Sub-TA Fees

DEACONESS HEALTH SYSTEM, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEACONESS HEALTH SYSTEM, INC. 401(K) PLAN

Top hat statement on fileNQDC

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