Retirement plan

NUVANCE HEALTH 401(K) PLAN

Name: NUVANCE HEALTH - NUVANCE HEALTH 401(K) PLAN (2021) Form 5500
Creator: NUVANCE HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NUVANCE HEALTH 401(K) PLAN, NUVANCE HEALTH

NUVANCE HEALTHEIN 83-4214573Plan #003PY 2021

100 RESERVE ROAD - DANBURY, CT 06810203-739-7047nuvancehealth.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$819.1M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed January 28, 2021

Plan administrator

Plan administrator name— Sign in and upgrade to view

24 Hospital Avenue

Danbury, CT 06810

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Plans declared (1)

Nuvance Health Executive Retirement Plan19 emp

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Total assets (EOY)

$811.8M

+2.4% from 2022

Total participants

11,696

-5.9% from 2022

Average account balance

$79,819

+12.7% from 2022

Annual return

28.02%

+39.74 pp from 2022

Benchmarks

See 226 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort226 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24B

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

12,214

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$151.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 4 by compensation

Provider	Service type	Compensation
FID INV INST OPS CO1+ years Filed as: FID INV INTL OPS CO Service code 37 · EIN 04-2647786	Loan Processing	$533,263
STRATEGIC ADVISORS, INC.1+ years Filed as: STRATEGIC ADVISORS, INC Service code 27 · EIN 04-2654524	Advisory (Plan)	$63,831
MARCUM LLP1+ years Service code 10 · EIN 11-1986323	Accounting	$45,445
FID INV INST OPS CO1+ years Filed as: FID INV INSTL OPS CO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes3H2F2J2E3D2T2S

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$738K

$78 / participant

Investment mgmt$64K8.7%
Other / not subdivided$674K91.3%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,819

$69,238+15.3%

$185,854-57.1%

$101,555-21.4%

Participation rate

83.9%

73.5%+10.4pp

81.7%+2.2pp

74.5%+9.3pp

Annual return

28.02%

21.26%+6.8pp

122.12%-94.1pp

21.00%+7.0pp

Employer contribution / active EE

$6,400

$2,104+204.1%

$5,169+23.8%

$2,972+115.3%

Participant deferral / active EE

$6,081

$3,764+61.6%

$5,569+9.2%

$4,874+24.8%

Admin fee / account holder

$73

$66+9.4%

$16,246-99.6%

$139-48.0%

Provider

Service type

Compensation

FID INV INST OPS CO1+ years

Filed as: FID INV INTL OPS CO

Service code 37 · EIN 04-2647786

Loan Processing

$533,263

STRATEGIC ADVISORS, INC.1+ years

Filed as: STRATEGIC ADVISORS, INC

Service code 27 · EIN 04-2654524

Advisory (Plan)

$63,831

MARCUM LLP1+ years

Service code 10 · EIN 11-1986323

Accounting

$45,445

FID INV INST OPS CO1+ years

Filed as: FID INV INSTL OPS CO

Service code 60

Sub-TA Fees

NUVANCE HEALTH 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

NUVANCE HEALTH 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