Retirement plan

INFIRMARY HEALTH SYSTEM PENSION PLAN

Name: INFIRMARY HEALTH SYSTEM, INC. - INFIRMARY HEALTH SYSTEM PENSION PLAN (2018) Form 5500
Creator: INFIRMARY HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFIRMARY HEALTH SYSTEM PENSION PLAN, INFIRMARY HEALTH SYSTEM, INC.

INFIRMARY HEALTH SYSTEM, INC.EIN 63-0841123Plan #001PY 2018

5 MOBILE INFIRMARY CIRCLE - MOBILE, AL 366073513251-435-2211infirmaryhealthsystem.comLinkedIn5001-10000 employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$204.4M assets #002Retirement-$13.9M assets

Prospect flagsHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$103.9M

-8.3% from 2016

Total participants

4,400

-3.1% from 2016

Average account balance

No prior year

Annual return

-6.73%

-14.34 pp from 2016

Benchmarks

See 153 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort153 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-97.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3H1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$365 / participant

Investment mgmt$549K49.5%
Other / not subdivided$558K50.5%

% of EOY assets

1.065%

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: BLACK & PINCKARD LLC
Auditor EIN: 260079381
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,400,878-100.0%

$436,953-100.0%

$21,578,776-100.0%

Participation rate

0.0%

0.0%0pp

44.2%-44.2pp

0.0%0pp

Annual return

-6.73%

9.64%-16.4pp

-102.04%+95.3pp

33.37%-40.1pp

Employer contribution / active EE

$611

$8,034-92.4%

$36,232-98.3%

$11,253-94.6%

Participant deferral / active EE

$572-100.0%

$47-100.0%

$819-100.0%

Admin fee / account holder

$292,663-100.0%

$12,721-100.0%

$99,113-100.0%

INFIRMARY HEALTH SYSTEM PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFIRMARY HEALTH SYSTEM PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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