Retirement plan

TEXAS HEALTH 401(K) RETIREMENT PLAN

Name: TEXAS HEALTH RESOURCES - TEXAS HEALTH 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: TEXAS HEALTH RESOURCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS HEALTH 401(K) RETIREMENT PLAN, TEXAS HEALTH RESOURCES

TEXAS HEALTH RESOURCESEIN 75-2702388Plan #008PY 2020

612 E. LAMAR BLVD SUITE 900 - ARLINGTON, TX 76011682-236-7232texashealth.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

4 filings

#003Retirement-$59.5M assets #013Retirement-$40.7M assets #001Retirement-$28.7M assets #005Retirement-$17.1M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed January 30, 2024 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

612 E. Lamar Blvd, Suite 900

Arlington, TX 76011

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Plans declared (1)

Texas Health 457(b) Plan for Physicians645 emp

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Total assets (EOY)

$2519.9M

+15.0% from 2019

Total participants

28,091

+4.5% from 2019

Average account balance

$110,995

+10.1% from 2019

Annual return

16.93%

-5.27 pp from 2019

Benchmarks

See 228 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.30B

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

26,922

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.

76.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$291.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$1,563,223
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$774,461
CALLAN ASSOCIATES1 year Filed as: CALLAN LLC Service code 16 · EIN 94-2192581	Consulting	$113,340

Plan features & details

Pension benefit codes2E2G2J2K3H2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.5M

$100 / participant

Investment mgmt$2M63.6%
Other / not subdivided$894K36.4%

% of EOY assets

0.098%

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: KPMG, LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,995

$66,513+66.9%

$178,499-37.8%

$106,273+4.4%

Participation rate

78.1%

73.8%+4.4pp

81.9%-3.8pp

70.8%+7.4pp

Annual return

16.93%

21.81%-4.9pp

151.10%-134.2pp

21.70%-4.8pp

Employer contribution / active EE

$3,211

$1,776+80.8%

$5,011-35.9%

$2,722+17.9%

Participant deferral / active EE

$5,128

$3,679+39.4%

$5,202-1.4%

$4,601+11.5%

Admin fee / account holder

$108

$53+102.4%

$13,986-99.2%

$78+38.1%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$1,563,223

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$774,461

CALLAN ASSOCIATES1 year

Filed as: CALLAN LLC

Service code 16 · EIN 94-2192581

Consulting

$113,340

TEXAS HEALTH 401(K) 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

TEXAS HEALTH 401(K) 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