Retirement plan

THE 401K PLAN

Name: HEALTH CARE SERVICE CORPORATION - THE 401K PLAN (2024) Form 5500
Creator: HEALTH CARE SERVICE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401K PLAN, HEALTH CARE SERVICE CORPORATION

HEALTH CARE SERVICE CORPORATIONEIN 36-1236610Plan #005PY 2024

1001 E. LOOKOUT DRIVE - RICHARDSON, TX 75082972-766-6192LinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement-$2.54B assets

Prospect flagsLow returnsLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed December 21, 2004 (most recent of 2 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)

$3916.2M

-9.3% from 2016

Total participants

46,212

+348.5% from 2016

Average account balance

$99,914

-9.1% from 2016

Annual return

13.08%

-7.26 pp from 2016

Benchmarks

See 92 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort92 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.92B

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

39,196

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$293.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 6 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON INVESTMENT SERVICES I Service code 27 LOCKBOX 28025 · CHICAGO, IL 60673	Advisory (Plan)	$147,442
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$128,067
ERNST & YOUNG LLP1 year Service code 10 PITTSBG NTNL BNK PITT 640382 · PITTSBURGH, PA 152640382	Accounting	$49,543
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034	Contract Administrator	$46,112
PLANTE & MORAN, PLLC2 years Filed as: PLANTE MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$8,000
WILLIS TOWERS WATSON US LLC5 years Service code 99 ONE PPG PLACE, SUITE 600 · PITTSBURGH, PA 15222	Other Fees	$7,815

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$394K

$11 / participant

Recordkeeping$128K32.5%
Investment mgmt$155K39.4%
Contract admin$46K11.7%
Other / not subdivided$65K16.4%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: $57,543
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,914

$152,104-34.3%

$184,256-45.8%

$106,553-6.2%

Participation rate

80.8%

85.9%-5.1pp

86.8%-6.1pp

69.8%+10.9pp

Annual return

13.08%

20.70%-7.6pp

28.85%-15.8pp

17.37%-4.3pp

Employer contribution / active EE

$2,293

$5,326-56.9%

$6,427-64.3%

$3,359-31.7%

Participant deferral / active EE

$5,763

$8,559-32.7%

$9,133-36.9%

$5,562+3.6%

Admin fee / account holder

$10

$103-90.2%

$13,899-99.9%

$80-87.4%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON INVESTMENT SERVICES I

Service code 27

LOCKBOX 28025 · CHICAGO, IL 60673

Advisory (Plan)

$147,442

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 13

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$128,067

ERNST & YOUNG LLP1 year

Service code 10

PITTSBG NTNL BNK PITT 640382 · PITTSBURGH, PA 152640382

Accounting

$49,543

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

Contract Administrator

$46,112

PLANTE & MORAN, PLLC2 years

Filed as: PLANTE MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$8,000

WILLIS TOWERS WATSON US LLC5 years

Service code 99

ONE PPG PLACE, SUITE 600 · PITTSBURGH, PA 15222

Other Fees

$7,815

THE 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401K 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