Retirement plan

RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT PLAN

Name: RIVERSIDE MANAGEMENT SERVICES, INC. - RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT PLAN (2018) Form 5500
Creator: RIVERSIDE MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT PLAN, RIVERSIDE MANAGEMENT SERVICES, INC.

RIVERSIDE MANAGEMENT SERVICES, INC.EIN 52-1241840Plan #004PY 2018

12420 WARWICK BLVD, BUILDING 6, SUITE 6B - NEWPORT NEWS, VA 23606757-534-5544

Other plans on this EIN

2 filings

#001Retirement-$457.3M assets #002Retirement-$179.0M assets

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 29, 2005

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.

Open the filing PDF

How to read this page

Total assets (EOY)

$187.8M

-0.3% from 2017

Total participants

10,693

-22.8% from 2017

Average account balance

$23,288

+33.9% from 2017

Annual return

-4.43%

-22.64 pp from 2017

Benchmarks

See 232 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort232 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$463.16M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

8,595

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.

57.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Service code 12 · EIN 13-3689044	Participant loan processing; Account ...	$619,672
MERCER4+ years Service code 16 · EIN 61-0736136	Consulting	$69,852
NATIONWIDE4+ years Service code 13 · EIN 31-4156830	Contract Administrator	$8,180
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$230
VALIC RETIREMENT SERVICES COMPANY4+ years Filed as: VARIABLE ANNUITY LIFE INSURANCE CO. Service code 13 · EIN 31-4156830	Contract Administrator	$150
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-1140070	Contract Administrator	$50
CHARLES SCHWAB & CO., INC.4+ years Service code 33	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2K2L2M2R2T3D3H

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$690K

$78 / participant

Investment mgmt$70K10.1%
Other / not subdivided$620K89.9%

% of EOY assets

0.367%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,288

$44,007-47.1%

$154,107-84.9%

$68,904-66.2%

Participation rate

70.4%

70.0%+0.3pp

83.0%-12.7pp

74.1%-3.8pp

Annual return

-4.43%

8.15%-12.6pp

735.12%-739.6pp

1.07%-5.5pp

Employer contribution / active EE

$65

$1,732-96.2%

$5,298-98.8%

$2,540-97.4%

Participant deferral / active EE

$3,032

$2,813+7.8%

$5,081-40.3%

$4,015-24.5%

Admin fee / account holder

$86

$65+32.1%

$13,411-99.4%

$71+19.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Account ...

$619,672

MERCER4+ years

Service code 16 · EIN 61-0736136

Consulting

$69,852

NATIONWIDE4+ years

Service code 13 · EIN 31-4156830

Contract Administrator

$8,180

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$230

VALIC RETIREMENT SERVICES COMPANY4+ years

Filed as: VARIABLE ANNUITY LIFE INSURANCE CO.

Service code 13 · EIN 31-4156830

Contract Administrator

$150

LINCOLN NATIONAL CORPORATION4+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$50

CHARLES SCHWAB & CO., INC.4+ years

Service code 33

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES4+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVERSIDE HEALTH SYSTEM 403(B) RETIREMENT 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