Retirement plan

INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION PLAN

Name: INGALLS HEALTH SYSTEM - INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION PLAN (2017) Form 5500
Creator: INGALLS HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION PLAN, INGALLS HEALTH SYSTEM

INGALLS HEALTH SYSTEMEIN 36-2170866Plan #008PY 2017

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

Other plans on this EIN

1 filing

#007Retirement-$125.1M assets

Prospect flagsLow returnsLow employer contributionLow participant contributionWind-down / frozen

How to read this page

Total assets (EOY)

$45.6M

+1.6% from 2016

Total participants

1,523

-10.2% from 2016

Average account balance

$30,466

+13.7% from 2016

Annual return

13.17%

+6.98 pp from 2016

Benchmarks

See 217 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort217 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.93M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

745

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$107,346
WINTRUST INVESTMENTS LLC1 year Filed as: WAYNE HUMMER INVESTMENTS LLC Service code 51 · EIN 36-1245570	Investment Mgmt Fees	$17,756
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 13-2576643	Indirect Investment Fees	$0
IVY FUNDS1 year Service code 52 · EIN 48-1112076	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
LEGG MASON1 year Service code 52 · EIN 52-1200960	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0
PGIM INVESTMENTS1 year Service code 52 · EIN 22-3703799	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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.
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.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$107K

$106 / participant

Investment mgmt$100K93.4%
Contract admin$1K1.3%
Other / not subdivided$6K5.3%

% of EOY assets

0.235%

all-in expense ratio

Categories reported

2 / 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: WIPFLI, LLC
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,466

$41,256-26.2%

$86,582-64.8%

$77,958-60.9%

Participation rate

97.5%

63.0%+34.5pp

73.5%+24.0pp

71.6%+25.9pp

Annual return

13.17%

17.67%-4.5pp

965.08%-951.9pp

20.87%-7.7pp

Employer contribution / active EE

$1,613-100.0%

$2,839-100.0%

$2,310-100.0%

Participant deferral / active EE

$2,332-100.0%

$3,609-100.0%

$3,537-100.0%

Admin fee / account holder

$72

$71+1.2%

$4,904-98.5%

$97-26.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$107,346

WINTRUST INVESTMENTS LLC1 year

Filed as: WAYNE HUMMER INVESTMENTS LLC

Service code 51 · EIN 36-1245570

Investment Mgmt Fees

$17,756

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 13-2576643

Indirect Investment Fees

IVY FUNDS1 year

Service code 52 · EIN 48-1112076

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

LEGG MASON1 year

Service code 52 · EIN 52-1200960

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-3867060

Indirect Investment Fees

PGIM INVESTMENTS1 year

Service code 52 · EIN 22-3703799

Indirect Investment Fees

INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION 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