Retirement plan

WELLSTAR HEALTH SYSTEM, INC. SUPPLEMENTAL RETIREMENT SAVINGS PLAN

Name: WELLSTAR HEALTH SYSTEM, INC. - WELLSTAR HEALTH SYSTEM, INC. SUPPLEMENTAL RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: WELLSTAR HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELLSTAR HEALTH SYSTEM, INC. SUPPLEMENTAL RETIREMENT SAVINGS PLAN, WELLSTAR HEALTH SYSTEM, INC.

WELLSTAR HEALTH SYSTEM, INC.EIN 58-1649541Plan #002PY 2024

793 SAWYER ROAD - MARIETTA, GA 30062470-644-0100wellstar.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$1.41B assets #005Retirement--

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 20, 2014 (most recent of 4 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)

$2089.7M

+22.5% from 2023

Total participants

34,869

+4.3% from 2023

Average account balance

$62,288

+17.7% from 2023

Annual return

16.08%

+1.58 pp from 2023

Benchmarks

See 275 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort275 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.84B

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

47,081

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$317.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+30.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Recordkeep...	$1,780,362
UBS FINANCIAL SERVICES INC3 years Filed as: UBS INSITITUTIONAL CONSULTING GROUP Service code 16 · EIN 13-2638166	Consulting	$50,000
AON CONSULTING10+ years Filed as: AON HEWITT INV CONSULTING, INC Service code 16 · EIN 36-3109431	Consulting	$30,300
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$4,071
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2L2M2T3D3H

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.
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

2 tripped

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

$1.9M

$72 / participant

Recordkeeping$2M95.7%
Investment mgmt$80K4.3%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

2 / 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: KPMG
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,288

$73,283-15.0%

$155,509-59.9%

$106,382-41.4%

Participation rate

94.9%

73.3%+21.6pp

78.2%+16.7pp

69.9%+25.0pp

Annual return

16.08%

15.77%+0.3pp

64.67%-48.6pp

17.37%-1.3pp

Employer contribution / active EE

$4,449

$2,247+98.0%

$4,672-4.8%

$3,364+32.3%

Participant deferral / active EE

$5,407

$4,580+18.0%

$5,626-3.9%

$5,569-2.9%

Admin fee / account holder

$55

$56-1.2%

$15,912-99.7%

$79-30.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Recordkeep...

$1,780,362

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS INSITITUTIONAL CONSULTING GROUP

Service code 16 · EIN 13-2638166

Consulting

$50,000

AON CONSULTING10+ years

Filed as: AON HEWITT INV CONSULTING, INC

Service code 16 · EIN 36-3109431

Consulting

$30,300

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$4,071

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

WELLSTAR HEALTH SYSTEM, INC. SUPPLEMENTAL RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELLSTAR HEALTH SYSTEM, INC. SUPPLEMENTAL RETIREMENT SAVINGS 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