Retirement plan

BEACON RETIREMENT SAVINGS 401(A) PLAN

Name: BEACON HEALTH SYSTEM, INC. - BEACON RETIREMENT SAVINGS 401(A) PLAN (2016) Form 5500
Creator: BEACON HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEACON RETIREMENT SAVINGS 401(A) PLAN, BEACON HEALTH SYSTEM, INC.

BEACON HEALTH SYSTEM, INC.EIN 45-3864076Plan #004PY 2016

100 E WAYNE ST STE 400 - SOUTH BEND, IN 46601574-647-6508beaconhealthsystem.orgLinkedIn5001-10000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$279.1M assets

Prospect flagsLow returnsLow assets / participantLow employer contribution

Top hat statement on fileNQDC

Filed March 8, 2013

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)

$56.1M

+1.0% from 2016

Total participants

4,081

+7.5% from 2016

Average account balance

$13,754

-6.1% from 2016

Annual return

5.71%

-2.14 pp from 2016

Benchmarks

See 1,286 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,286 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$58.79M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

1,916

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.

100.0%

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Recordkeeping fees; Participant commu...	$132,836
BKD, LLP2+ years Filed as: BKD CPAS & ADVISORS Service code 10 · EIN 44-0160260	Accounting	$6,300
WHITE OAK GLOBAL ADVISORS, LLC1 year Filed as: WHITE OAK ADVISORS Service code 16 · EIN 35-2552359	Consulting	$6,123
MERITAIN HEALTH, INC.2+ years Service code 49 · EIN 16-1264154	Other Services	$5,954
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$170
MID ATLANTIC CAPITAL CORPORATION2+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2K2T2R3H

Plan features

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.
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.
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

3 tripped

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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$153K

$53 / participant

Investment mgmt$8K5.4%
Contract admin$6K3.9%
Other / not subdivided$139K90.7%

% of EOY assets

0.273%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,754

$37,213-63.0%

$156,551-91.2%

$63,975-78.5%

Participation rate

100.0%

65.0%+35.0pp

84.0%+16.0pp

71.1%+28.9pp

Annual return

5.71%

47.89%-42.2pp

32.23%-26.5pp

48.65%-42.9pp

Employer contribution / active EE

$55

$1,357-96.0%

$5,501-99.0%

$2,182-97.5%

Participant deferral / active EE

$2,070-100.0%

$4,871-100.0%

$3,356-100.0%

Admin fee / account holder

$38

$56-33.3%

$13,028-99.7%

$70-46.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Recordkeeping fees; Participant commu...

$132,836

BKD, LLP2+ years

Filed as: BKD CPAS & ADVISORS

Service code 10 · EIN 44-0160260

Accounting

$6,300

WHITE OAK GLOBAL ADVISORS, LLC1 year

Filed as: WHITE OAK ADVISORS

Service code 16 · EIN 35-2552359

Consulting

$6,123

MERITAIN HEALTH, INC.2+ years

Service code 49 · EIN 16-1264154

Other Services

$5,954

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$170

MID ATLANTIC CAPITAL CORPORATION2+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

BEACON RETIREMENT SAVINGS 401(A) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEACON RETIREMENT SAVINGS 401(A) 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