Retirement plan

SCRIPPS HEALTH RETIREMENT SAVINGS PLAN

Name: SCRIPPS HEALTH - SCRIPPS HEALTH RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SCRIPPS HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCRIPPS HEALTH RETIREMENT SAVINGS PLAN, SCRIPPS HEALTH

SCRIPPS HEALTHEIN 95-1684089Plan #002PY 2023

4275 CAMPUS POINT COURT - SAN DIEGO, CA 921211513858-678-6511scripps.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$630.0M assets

Prospect flagsFailed to provide benefit

Top hat statement on fileNQDC

Filed February 4, 2021 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

4275 Campus Point Ct

San Diego, CA 92121

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (3)

Tier 2 Supplemental Executive Retirement Plan1 emp
Tier 3 Supplemental Executive Retirement Plan10 emp
Tier 4 Supplemental Executive Retirement Plan18 emp

Total covered: 29 employees

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Total assets (EOY)

$1177.6M

-6.5% from 2016

Total participants

21,120

-10.5% from 2016

Average account balance

$56,627

+5.4% from 2016

Annual return

17.31%

-5.35 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33B

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

21,170

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$119.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$933,025
STRATEGIC ADVISORS, INC.8 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$199,771
ERNST & YOUNG LLP9+ years Service code 10 · EIN 34-6565596	Accounting	$33,873
L+L PRINTERS1 year Service code 49 · EIN 20-4097955	Other Services	$3,147

Plan features & details

Pension benefit codes2C2F2K2S2T3H2R

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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).
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.
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.
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

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$77 / participant

Recordkeeping$1M100.0%

% of EOY assets

0.105%

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: ERNST AND YOUNG LLP
Auditor EIN: 346565596
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,627

$68,330-17.1%

$149,740-62.2%

$96,393-41.3%

Participation rate

98.0%

74.6%+23.4pp

78.8%+19.2pp

71.3%+26.7pp

Annual return

17.31%

29.64%-12.3pp

134.51%-117.2pp

22.88%-5.6pp

Employer contribution / active EE

$3,551

$2,139+66.0%

$4,821-26.3%

$3,239+9.6%

Participant deferral / active EE

$3,220

$4,422-27.2%

$5,683-43.3%

$5,455-41.0%

Admin fee / account holder

$60

$52+14.8%

$13,222-99.5%

$74-19.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$933,025

STRATEGIC ADVISORS, INC.8 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$199,771

ERNST & YOUNG LLP9+ years

Service code 10 · EIN 34-6565596

Accounting

$33,873

L+L PRINTERS1 year

Service code 49 · EIN 20-4097955

Other Services

$3,147

SCRIPPS HEALTH RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCRIPPS HEALTH RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

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