Retirement plan

UMMS VOLUNTARY 403(B) PLAN

Name: UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION - UMMS VOLUNTARY 403(B) PLAN (2024) Form 5500
Creator: UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UMMS VOLUNTARY 403(B) PLAN, UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION

UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATIONEIN 52-1362793Plan #004PY 2024

250 WEST PRATT STREET, STE 2400 - BALTIMORE, MD 21201443-462-5365dimensionshealth.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

8 filings

#005Retirement-$730.5M assets #001Retirement-$515.4M assets #008Retirement-$77.4M assets #009Retirement-$14.4M assets #006Retirement-$7.7M assets #012Retirement-$7.7M assets #007Retirement-$6.5M assets #002Retirement--

Prospect flagsLow participationFailed to transmit contributions

Top hat statement on fileNQDC

Filed May 16, 2006

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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How to read this page

Total assets (EOY)

$793.4M

+8.2% from 2023

Total participants

10,604

+47.5% from 2023

Average account balance

$120,171

+17.8% from 2023

Annual return

15.34%

+4.51 pp from 2023

Benchmarks

See 240 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort240 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$793.37M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

6,602

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.

52.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.19M

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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 INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$206,611
NFP RETIREMENT INC1 year Service code 99 · EIN 33-0905143 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Other Fees	$19,312
CLIFTONLARSONALLEN LLP10+ years Filed as: CLIFTON LARSON ALLEN LLP Service code 10 P.O. BOX 829709 · PHILADELPHIA, PA 19182	Accounting	$16,228
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 33 · EIN 84-0965407 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Shareholder servicing fees; Securitie...	$125

Plan features & details

Pension benefit codes2F2G2L2M2R2T3H

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$247K

$30 / participant

Recordkeeping$204K82.5%
Investment mgmt$10K3.9%
Contract admin$3K1.1%
Other / not subdivided$31K12.5%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $16,228
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,171

$67,679+77.6%

$155,509-22.7%

$99,062+21.3%

Participation rate

52.1%

67.2%-15.1pp

78.2%-26.1pp

71.6%-19.5pp

Annual return

15.34%

16.16%-0.8pp

64.67%-49.3pp

17.66%-2.3pp

Employer contribution / active EE

$2,268-100.0%

$4,672-100.0%

$3,262-100.0%

Participant deferral / active EE

$4,214

$3,828+10.1%

$5,626-25.1%

$5,331-21.0%

Admin fee / account holder

$37

$94-60.0%

$15,912-99.8%

$109-65.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$206,611

NFP RETIREMENT INC1 year

Service code 99 · EIN 33-0905143

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Other Fees

$19,312

CLIFTONLARSONALLEN LLP10+ years

Filed as: CLIFTON LARSON ALLEN LLP

Service code 10

P.O. BOX 829709 · PHILADELPHIA, PA 19182

Accounting

$16,228

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER FINANCIAL SERVICES, INC.

Service code 33 · EIN 84-0965407

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Shareholder servicing fees; Securitie...

$125

UMMS VOLUNTARY 403(B) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UMMS VOLUNTARY 403(B) 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