Retirement plan

HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN

Name: HENRY FORD HEALTH SYSTEM - HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HENRY FORD HEALTH SYSTEM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN, HENRY FORD HEALTH SYSTEM

HENRY FORD HEALTH SYSTEMEIN 38-1357020Plan #005PY 2024

ONE FORD PLACE, 4E - DETROIT, MI 482023450313-876-8495LinkedIn1-10 employeesmedical practice

Other plans on this EIN

3 filings

#014Retirement-$1.41B assets #016Retirement-$932.2M assets #004Retirement-$16.8M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed October 25, 2017 (most recent of 6 filings on file)

Plan administrator

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1 Ford Place - Section 4E

Detroit State: MI Zip Code: 48202

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Plans declared (1)

2017 Georgia Fojtasek Supplemental Executive Retirement Plan1 emp

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Total assets (EOY)

$1838.2M

-7.9% from 2016

Total participants

18,638

-1.6% from 2016

Average account balance

$103,077

-7.5% from 2016

Annual return

11.73%

-6.31 pp from 2016

Benchmarks

See 275 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort275 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.84B

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

17,833

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$622,595
NEPC, LLC10+ years Filed as: NEPC LLC Service code 16 · EIN 04-2927339	Consulting	$37,706
GJC CPA'S & ADVISORS3 years Service code 10 · EIN 38-2029668	Accounting	$20,400
WILLIS TOWERS WATSON US LLC6 years Service code 11 · EIN 53-0181291	Actuarial	$8,100

Plan features & details

Pension benefit codes2A2E2G2R2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$691K

$53 / participant

Recordkeeping$623K90.1%
Investment mgmt$38K5.5%
Legal$2K0.3%
Actuarial$8K1.2%
Other / not subdivided$20K3.0%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GJC CPA'S & ADVISORS
Auditor EIN: 382029668
Audit fees: $20,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,077

$73,283+40.7%

$155,556-33.7%

$106,553-3.3%

Participation rate

93.8%

73.3%+20.6pp

78.2%+15.6pp

69.8%+24.0pp

Annual return

11.73%

15.76%-4.0pp

64.84%-53.1pp

17.37%-5.6pp

Employer contribution / active EE

$3,462

$2,241+54.5%

$4,675-25.9%

$3,359+3.1%

Participant deferral / active EE

$1,808

$4,567-60.4%

$5,631-67.9%

$5,562-67.5%

Admin fee / account holder

$39

$56-30.7%

$15,885-99.8%

$80-51.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$622,595

NEPC, LLC10+ years

Filed as: NEPC LLC

Service code 16 · EIN 04-2927339

Consulting

$37,706

GJC CPA'S & ADVISORS3 years

Service code 10 · EIN 38-2029668

Accounting

$20,400

WILLIS TOWERS WATSON US LLC6 years

Service code 11 · EIN 53-0181291

Actuarial

$8,100

HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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