Retirement plan

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN

Name: INGALLS HEALTH SYSTEM - INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN (2020) Form 5500
Creator: INGALLS HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN, INGALLS HEALTH SYSTEM

INGALLS HEALTH SYSTEMEIN 36-2170866Plan #007PY 2020

1 INGALLS DRIVE, ATTN HUMAN RESOURCES - HARVEY, IL 60426708-915-6435uchicagomedicine.orgLinkedIn5001-10000 employeeshospital & health care

Other plans on this EIN

1 filing

#008Retirement-$45.7M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$154M

+10.9% from 2019

Total participants

2,848

+0.1% from 2019

Average account balance

$58,071

+10.7% from 2019

Annual return

14.52%

-4.75 pp from 2019

Benchmarks

See 243 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$165.88M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

4,073

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.25M

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 13 · EIN 04-1590850	Contract Administrator	$261,065
WINTRUST INVESTMENTS LLC2 years Filed as: WINTRUST INVESTMENTS, LLC Service code 27 · EIN 36-1245570	Advisory (Plan)	$43,126
BLACKROCK4 years Service code 28 · EIN 04-6171663	Investment Management	$0
INVESCO4 years Service code 28 · EIN 13-3867060	Investment Management	$0
IVY FUNDS4 years Service code 28 · EIN 04-6006759	Investment Management	$0
JANUS HENDERSON4 years Service code 28 · EIN 84-0592523	Investment Management	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 28 · EIN 04-3279774	Investment Management	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 28 · EIN 26-3613641	Investment Management	$0
LEGG MASON4 years Service code 28 · EIN 13-4146187	Investment Management	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2S2T

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$261K

$116 / participant

Investment mgmt$247K94.4%
Contract admin$5K2.1%
Other / not subdivided$9K3.5%

% of EOY assets

0.170%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,071

$47,634+21.9%

$90,404-35.8%

$90,288-35.7%

Participation rate

91.3%

67.5%+23.8pp

72.7%+18.6pp

73.4%+17.9pp

Annual return

14.52%

19.61%-5.1pp

1293.02%-1278.5pp

53.97%-39.4pp

Employer contribution / active EE

$882

$1,749-49.6%

$3,262-73.0%

$2,524-65.1%

Participant deferral / active EE

$3,860

$2,824+36.7%

$3,963-2.6%

$4,232-8.8%

Admin fee / account holder

$98

$106-7.2%

$5,611-98.2%

$114-13.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 13 · EIN 04-1590850

Contract Administrator

$261,065

WINTRUST INVESTMENTS LLC2 years

Filed as: WINTRUST INVESTMENTS, LLC

Service code 27 · EIN 36-1245570

Advisory (Plan)

$43,126

BLACKROCK4 years

Service code 28 · EIN 04-6171663

Investment Management

INVESCO4 years

Service code 28 · EIN 13-3867060

Investment Management

IVY FUNDS4 years

Service code 28 · EIN 04-6006759

Investment Management

JANUS HENDERSON4 years

Service code 28 · EIN 84-0592523

Investment Management

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 28 · EIN 04-3279774

Investment Management

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 28 · EIN 26-3613641

Investment Management

LEGG MASON4 years

Service code 28 · EIN 13-4146187

Investment Management

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 13

Contract Administrator

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT 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