Retirement plan

INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION PLAN

Name: INGALLS HEALTH SYSTEM - INGALLS HEALTH SYSTEM SMART MONEY EMPLOYER CONTRIBUTION 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 EMPLOYER CONTRIBUTION PLAN, INGALLS HEALTH SYSTEM

INGALLS HEALTH SYSTEMEIN 36-2170866Plan #008PY 2020

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

Other plans on this EIN

1 filing

#007Retirement-$154.0M assets

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$45.7M

+5.3% from 2019

Total participants

1,079

-8.4% from 2019

Average account balance

$43,317

+14.8% from 2019

Annual return

13.43%

-3.84 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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 15 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	$76,176
WINTRUST INVESTMENTS LLC2 years Filed as: WINTRUST INVESTMENTS, LLC Service code 28 · EIN 36-1245570	Investment Management	$13,380
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.6+ years Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

1 tripped

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

$76K

$108 / participant

Investment mgmt$76K99.9%
Contract admin$650.1%

% of EOY assets

0.167%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,317

$52,722-17.8%

$90,461-52.1%

$73,412-41.0%

Participation rate

96.6%

67.7%+28.9pp

72.7%+23.9pp

72.2%+24.4pp

Annual return

13.43%

20.70%-7.3pp

1294.76%-1281.3pp

59.30%-45.9pp

Employer contribution / active EE

$1,872-100.0%

$3,264-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,810-100.0%

$3,964-100.0%

$3,806-100.0%

Admin fee / account holder

$72

$117-38.2%

$5,617-98.7%

$158-54.3%

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

$76,176

WINTRUST INVESTMENTS LLC2 years

Filed as: WINTRUST INVESTMENTS, LLC

Service code 28 · EIN 36-1245570

Investment Management

$13,380

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.6+ years

Service code 13

Contract Administrator

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