Retirement plan

MEDSTAR AFFILIATES 401(K) PLAN

Name: MEDSTAR HEALTH, INC. - MEDSTAR AFFILIATES 401(K) PLAN (2023) Form 5500
Creator: MEDSTAR HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDSTAR AFFILIATES 401(K) PLAN, MEDSTAR HEALTH, INC.

MEDSTAR HEALTH, INC.EIN 52-2087445Plan #010PY 2023

10980 GRANTCHESTER WAY - COLUMBIA, MD 21044410-772-6500medstarhealth.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

3 filings

#003Retirement-$2.96B assets #002Retirement-$680.1M assets #001Retirement-$586.1M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed April 23, 2021 (most recent of 6 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

10980 Grantchester Way

Columbia, MD 21044

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Plans declared (1)

MedStar Health Physician 457(f) Deferred Compensation Savings Plan250 emp

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Total assets (EOY)

$92.6M

+16.1% from 2022

Total participants

2,717

+9.3% from 2022

Average account balance

$60,590

+22.1% from 2022

Annual return

19.43%

+36.52 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.32M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

1,679

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.

49.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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 1 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL RET. INS. & ANNUITY CO. Service code 15 · EIN 06-1050034	Recordkeeping	$42,301

Plan features & details

Pension benefit codes2E2F2G2J2K2R3H

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$43K

$21 / participant

Recordkeeping$18K42.8%
Contract admin$19K43.9%
Other / not subdivided$6K13.3%

% of EOY assets

0.047%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,590

$50,151+20.8%

$149,696-59.5%

$80,157-24.4%

Participation rate

42.3%

64.3%-22.0pp

78.8%-36.4pp

72.9%-30.6pp

Annual return

19.43%

29.80%-10.4pp

134.46%-115.0pp

40.39%-21.0pp

Employer contribution / active EE

$730

$1,867-60.9%

$4,821-84.9%

$2,977-75.5%

Participant deferral / active EE

$2,618

$3,194-18.0%

$5,682-53.9%

$5,015-47.8%

Admin fee / account holder

$28

$153-81.5%

$13,212-99.8%

$145-80.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL RET. INS. & ANNUITY CO.

Service code 15 · EIN 06-1050034

Recordkeeping

$42,301

MEDSTAR AFFILIATES 401(K) 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

MEDSTAR AFFILIATES 401(K) 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