Retirement plan

UAB HEALTH SYSTEM, INC. 403(B) RETIREMENT PLAN

Name: UAB HEALTH SYSTEM, INC. - UAB HEALTH SYSTEM, INC. 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: UAB HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UAB HEALTH SYSTEM, INC. 403(B) RETIREMENT PLAN, UAB HEALTH SYSTEM, INC.

UAB HEALTH SYSTEM, INC.EIN 63-1182994Plan #001PY 2017

550 22ND STREET SOUTH, SUITE 100 - BIRMINGHAM, AL 35233205-975-7705

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed March 15, 2018

Plan administrator

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500 22nd Street South, Suite 116

Birmingham State: AL Zip Code: 35223

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Plans declared (1)

UAB Health System, Inc. Section 457(f) Non-Qualified Plan and Agreement for William Ferniany, Ph.D.1 emp

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Total assets (EOY)

$35.1M

+26.7% from 2016

Total participants

571

+3.8% from 2016

Average account balance

$63,064

+21.5% from 2016

Annual return

17.33%

+7.12 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.79M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

880

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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 3 by compensation

Provider	Service type	Compensation
MELD FINANCIAL, INC.3+ years Service code 27 · EIN 63-1149380	Advisory (Plan)	$235,423
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081	Recordkeeping	$31,169
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$1,486

Plan features & details

Pension benefit codes2E2F2G2K2L2M2T3D

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.
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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$271K

$600 / participant

Investment mgmt$235K87.0%
Other / not subdivided$35K13.0%

% of EOY assets

0.770%

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

$63,064

$46,173+36.6%

$170,435-63.0%

$69,631-9.4%

Participation rate

96.9%

63.9%+33.0pp

83.6%+13.3pp

70.7%+26.2pp

Annual return

17.33%

21.62%-4.3pp

205.94%-188.6pp

27571.02%-27553.7pp

Employer contribution / active EE

$5,706

$1,610+254.5%

$5,432+5.0%

$2,032+180.8%

Participant deferral / active EE

$5,622

$2,080+170.3%

$4,939+13.8%

$3,224+74.4%

Admin fee / account holder

$486

$116+318.9%

$13,881-96.5%

$110+339.8%

Provider

Service type

Compensation

MELD FINANCIAL, INC.3+ years

Service code 27 · EIN 63-1149380

Advisory (Plan)

$235,423

ALERUS FINANCIAL, N.A.2 years

Filed as: ALERUS FINANCIAL, N.A

Service code 15 · EIN 45-6062081

Recordkeeping

$31,169

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$1,486

UAB HEALTH SYSTEM, INC. 403(B) RETIREMENT 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

UAB HEALTH SYSTEM, INC. 403(B) RETIREMENT 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