Retirement plan

HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN

Name: HENRY FORD HEALTH SYSTEM - HENRY FORD HEALTH SYSTEM RETIREMENT SAVINGS PLAN (2016) 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 2016

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

Other plans on this EIN

4 filings

#014Retirement-$692.9M assets #001Retirement-$364.0M assets #004Retirement-$21.2M assets #012Retirement-$7.2M 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)

$1209.5M

-7.9% from 2016

Total participants

29,934

-1.6% from 2016

Average account balance

$41,085

-7.5% from 2016

Annual return

6.53%

-6.31 pp from 2016

Benchmarks

See 193 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort193 peers

Snapshot2016

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 15 · EIN 84-0467907	Recordkeeping	$468,025
NEPC, LLC2+ years Filed as: NEPC LLC Service code 10 · EIN 04-2927339	Accounting	$76,495
WILLIS TOWERS WATSON US LLC2+ years Filed as: TOWERS WATSON DELAWARE INC. Service code 16 · EIN 53-0181291	Consulting	$27,732
CLARK HILL PLC2+ years Filed as: CLARK HILL Service code 29 · EIN 38-0425840	Legal	$23,322
GEORGE JOHNSON & COMPANY2+ years Service code 10 · EIN 32-2029668	Accounting	$18,400
MORGAN STANLEY SMITH BARNEY2+ years Filed as: J.P. MORGAN SECURITIES LLC Service code 21 · EIN 13-4110995	Bank Trustee	$6,540
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN CHASE BANK, N.A. Service code 24 · EIN 13-4994650	Discretionary Trustee	$0

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

$623K

$28 / participant

Investment mgmt$83K13.3%
Contract admin$468K75.1%
Other / not subdivided$72K11.5%

% of EOY assets

0.052%

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: GEORGE JOHNSON & COMPANY
Auditor EIN: 382029668
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,085

$49,270-16.6%

$156,551-73.8%

$329,111-87.5%

Participation rate

97.8%

68.1%+29.7pp

84.0%+13.8pp

67.9%+29.9pp

Annual return

6.53%

23.25%-16.7pp

32.23%-25.7pp

16.35%-9.8pp

Employer contribution / active EE

$2,531

$1,534+65.0%

$5,501-54.0%

$2,303+9.9%

Participant deferral / active EE

$1,272

$2,920-56.5%

$4,871-73.9%

$3,682-65.5%

Admin fee / account holder

$21

$51-58.1%

$13,028-99.8%

$754-97.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 15 · EIN 84-0467907

Recordkeeping

$468,025

NEPC, LLC2+ years

Filed as: NEPC LLC

Service code 10 · EIN 04-2927339

Accounting

$76,495

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON DELAWARE INC.

Service code 16 · EIN 53-0181291

Consulting

$27,732

CLARK HILL PLC2+ years

Filed as: CLARK HILL

Service code 29 · EIN 38-0425840

Legal

$23,322

GEORGE JOHNSON & COMPANY2+ years

Service code 10 · EIN 32-2029668

Accounting

$18,400

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: J.P. MORGAN SECURITIES LLC

Service code 21 · EIN 13-4110995

Bank Trustee

$6,540

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN CHASE BANK, N.A.

Service code 24 · EIN 13-4994650

Discretionary Trustee

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