Retirement plan

OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT PLAN

Name: OVERLAKE HOSPITAL MEDICAL CENTER - OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT PLAN (2023) Form 5500
Creator: OVERLAKE HOSPITAL MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT PLAN, OVERLAKE HOSPITAL MEDICAL CENTER

OVERLAKE HOSPITAL MEDICAL CENTEREIN 91-0652651Plan #002PY 2023

1035 116TH AVENUE NORTHEAST - BELLEVUE, WA 980044604425-688-5000LinkedIn1-10 employeeshospital & health care

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed April 5, 2004

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)

$547.7M

+26.0% from 2022

Total participants

5,161

+8.0% from 2022

Average account balance

$109,634

+16.6% from 2022

Annual return

20.74%

+16.15 pp from 2022

Benchmarks

See 1,407 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,407 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$653.55M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

5,219

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.32M

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

+17.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$179,387
LUCID ADVISORS, INC.2 years Service code 27 · EIN 91-2050140	Advisory (Plan)	$26,775
EISENHOWER & CARLSON1 year Service code 29 · EIN 91-1749975	Legal	$23,416
CLARK NUBER2 years Service code 10 · EIN 91-1194016	Accounting	$13,000
FID INV INST OPS CO3 years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2G2L2M2R2S2T3H2A3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$243K

$67 / participant

Recordkeeping$179K73.8%
Investment mgmt$27K11.0%
Legal$23K9.6%
Other / not subdivided$13K5.5%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

3 / 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: CLARK NUBER P.S.
Auditor EIN: 911194016
Audit fees: $13,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,634

$50,127+118.7%

$149,673-26.8%

$80,160+36.8%

Participation rate

95.5%

64.3%+31.2pp

78.8%+16.7pp

72.9%+22.5pp

Annual return

20.74%

29.82%-9.1pp

134.42%-113.7pp

40.38%-19.6pp

Employer contribution / active EE

$4,786

$1,865+156.7%

$4,818-0.7%

$2,978+60.7%

Participant deferral / active EE

$9,083

$3,194+184.4%

$5,680+59.9%

$5,017+81.0%

Admin fee / account holder

$49

$153-68.1%

$13,210-99.6%

$145-66.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$179,387

LUCID ADVISORS, INC.2 years

Service code 27 · EIN 91-2050140

Advisory (Plan)

$26,775

EISENHOWER & CARLSON1 year

Service code 29 · EIN 91-1749975

Legal

$23,416

CLARK NUBER2 years

Service code 10 · EIN 91-1194016

Accounting

$13,000

FID INV INST OPS CO3 years

Service code 60

Sub-TA Fees

OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OVERLAKE HOSPITAL MEDICAL CENTER 403(B)RETIREMENT 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