Retirement plan

CATHOLIC HEALTH INITIATIVES 401(K) PLAN

Name: CATHOLIC HEALTH INITIATIVES - CATHOLIC HEALTH INITIATIVES 401(K) PLAN (2016) Form 5500
Creator: CATHOLIC HEALTH INITIATIVES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CATHOLIC HEALTH INITIATIVES 401(K) PLAN, CATHOLIC HEALTH INITIATIVES

CATHOLIC HEALTH INITIATIVESEIN 47-0617373Plan #002PY 2016

3900 OLYMPIC BOULEVARD, SUITE 400 - ERLANGER, KY 410181099859-594-3267commonspirit.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

3 filings

#010Retirement-$2.10B assets #008Retirement-$24.0M assets #011Retirement--

Prospect flagsLow assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed June 1, 2006 (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)

$2079.6M

+54.8% from 2015

Total participants

109,132

+1.1% from 2015

Average account balance

$20,357

+50.2% from 2015

Annual return

16.15%

+9.68 pp from 2015

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

$8.83B

Not enough data

1 years with asset history on file

Average account balance

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

$524K

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.

35,415

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$928.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 9 by compensation

Provider	Service type	Compensation
DIVERSIFIED BUSINESS SOLUTION INC2+ years Service code 16 · EIN 38-3506452	Consulting	$205,639
SHERRY OTTE2+ years Service code 16 · EIN 27-1459442	Consulting	$131,955
POLSINELLI2+ years Service code 29 · EIN 43-1064260	Legal	$88,078
CATHOLIC HEALTH INITIATIVES1 year Service code 14 · EIN 47-0617373	Plan Administrator	$71,506
SUMMIT FINANCIAL CORPORATION1 year Filed as: SUMMIT STRATEGIES INC. Service code 27 · EIN 43-1708520	Advisory (Plan)	$50,023
FID INV INST OPS CO2+ years Service code 37 · EIN 04-2647786	Loan Processing	$44,802
GUIDESPARK1 year Filed as: GUIDESPARK INC. Service code 16 · EIN 26-2229810	Consulting	$19,000
QDRO CONSULTANTS COMPANY, LLC2+ years Service code 16 · EIN 34-1820650	Consulting	$8,300
WRITE ON TARGET1 year Filed as: WRITE ON TARGET INC. Service code 16 · EIN 31-1431575	Consulting	$5,820

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$606K

$6 / participant

Investment mgmt$50K8.3%
Other / not subdivided$556K91.7%

% of EOY assets

0.029%

all-in expense ratio

Categories reported

1 / 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: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,357

$49,270-58.7%

$156,551-87.0%

$329,111-93.8%

Participation rate

92.7%

68.1%+24.6pp

84.0%+8.7pp

67.9%+24.8pp

Annual return

16.15%

23.25%-7.1pp

32.23%-16.1pp

16.35%-0.2pp

Employer contribution / active EE

$2,798

$1,534+82.4%

$5,501-49.1%

$2,303+21.5%

Participant deferral / active EE

$4,287

$2,920+46.8%

$4,871-12.0%

$3,682+16.4%

Admin fee / account holder

$51-88.3%

$13,028-100.0%

$754-99.2%

Provider

Service type

Compensation

DIVERSIFIED BUSINESS SOLUTION INC2+ years

Service code 16 · EIN 38-3506452

Consulting

$205,639

SHERRY OTTE2+ years

Service code 16 · EIN 27-1459442

Consulting

$131,955

POLSINELLI2+ years

Service code 29 · EIN 43-1064260

Legal

$88,078

CATHOLIC HEALTH INITIATIVES1 year

Service code 14 · EIN 47-0617373

Plan Administrator

$71,506

SUMMIT FINANCIAL CORPORATION1 year

Filed as: SUMMIT STRATEGIES INC.

Service code 27 · EIN 43-1708520

Advisory (Plan)

$50,023

FID INV INST OPS CO2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$44,802

GUIDESPARK1 year

Filed as: GUIDESPARK INC.

Service code 16 · EIN 26-2229810

Consulting

$19,000

QDRO CONSULTANTS COMPANY, LLC2+ years

Service code 16 · EIN 34-1820650

Consulting

$8,300

WRITE ON TARGET1 year

Filed as: WRITE ON TARGET INC.

Service code 16 · EIN 31-1431575

Consulting

$5,820

CATHOLIC HEALTH INITIATIVES 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CATHOLIC HEALTH INITIATIVES 401(K) 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