Retirement plan

SILVER CROSS HOSPITAL & MEDICAL CENTERS EMPLOYEES' 401(K) RETIREMENT SAVINGS PLAN

Name: SILVER CROSS HOSPITAL & MEDICAL CENTERS - SILVER CROSS HOSPITAL & MEDICAL CENTERS EMPLOYEES' 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SILVER CROSS HOSPITAL & MEDICAL CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILVER CROSS HOSPITAL & MEDICAL CENTERS EMPLOYEES' 401(K) RETIREMENT SAVINGS PLAN, SILVER CROSS HOSPITAL & MEDICAL CENTERS

SILVER CROSS HOSPITAL & MEDICAL CENTERSEIN 36-2174832Plan #001PY 2023

1900 SILVER CROSS BLVD - NEW LENOX, IL 604519509815-740-1100LinkedIn1001-5000 employeesmedical practice

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed May 24, 2005 (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)

$259.1M

-8.2% from 2016

Total participants

4,299

+5.8% from 2016

Average account balance

$64,503

-5.3% from 2016

Annual return

18.35%

-7.08 pp from 2016

Benchmarks

See 1,405 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,405 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$294.86M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

4,101

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS9+ years Filed as: CAPITAL STRATEGY Service code 16 · EIN 26-4789150	Consulting	$37,500
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INV INST OPERATIONS CO Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVEST INST OPERATIONS CO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$284K

$88 / participant

Recordkeeping$257K90.4%
Contract admin$2K0.7%
Other / not subdivided$25K8.9%

% of EOY assets

0.110%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,503

$50,169+28.6%

$149,740-56.9%

$80,187-19.6%

Participation rate

91.2%

64.3%+26.9pp

78.8%+12.4pp

72.9%+18.3pp

Annual return

18.35%

29.82%-11.5pp

134.51%-116.2pp

40.40%-22.0pp

Employer contribution / active EE

$2,506

$1,869+34.1%

$4,821-48.0%

$2,980-15.9%

Participant deferral / active EE

$4,688

$3,194+46.8%

$5,683-17.5%

$5,016-6.5%

Admin fee / account holder

$71

$153-53.7%

$13,222-99.5%

$145-51.3%

Provider

Service type

Compensation

AMERICAN FUNDS9+ years

Filed as: CAPITAL STRATEGY

Service code 16 · EIN 26-4789150

Consulting

$37,500

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INV INST OPERATIONS CO

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVEST INST OPERATIONS CO

Service code 60

Sub-TA Fees

SILVER CROSS HOSPITAL & MEDICAL CENTERS EMPLOYEES' 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILVER CROSS HOSPITAL & MEDICAL CENTERS EMPLOYEES' 401(K) RETIREMENT SAVINGS 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