Retirement plan

INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN

Name: UCM COMMUNITY HEALTH AND HOSPITAL DIVISION, INC. - INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN (2023) Form 5500
Creator: UCM COMMUNITY HEALTH AND HOSPITAL DIVISION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGALLS HEALTH SYSTEM SMART MONEY RETIREMENT PLAN, UCM COMMUNITY HEALTH AND HOSPITAL DIVISION, INC.

UCM COMMUNITY HEALTH AND HOSPITAL DIVISION, INC.EIN 36-2170866Plan #007PY 2023

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

Other plans on this EIN

1 filing

#008Retirement-$35.8M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$148.2M

+11.7% from 2022

Total participants

4,981

+79.4% from 2022

Average account balance

$33,247

-32.6% from 2022

Annual return

15.57%

+28.10 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
TIAA1 year Filed as: TIAA - TEACHERS INSURANCE & ANNUITY Service code 15 · EIN 13-1624203	Recordkeeping	$169,924

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$170K

$53 / participant

Recordkeeping$170K100.0%

% of EOY assets

0.115%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,247

$52,960-37.2%

$86,640-61.6%

$80,157-58.5%

Participation rate

83.9%

62.4%+21.5pp

71.7%+12.2pp

72.9%+10.9pp

Annual return

15.57%

24.84%-9.3pp

592.52%-577.0pp

40.39%-24.8pp

Employer contribution / active EE

$1,392

$2,138-34.9%

$3,024-54.0%

$2,977-53.3%

Participant deferral / active EE

$2,733

$3,226-15.3%

$4,438-38.4%

$5,015-45.5%

Admin fee / account holder

$38

$113-66.3%

$5,616-99.3%

$145-73.7%

Provider

Service type

Compensation

TIAA1 year

Filed as: TIAA - TEACHERS INSURANCE & ANNUITY

Service code 15 · EIN 13-1624203

Recordkeeping

$169,924

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