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CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL 401k Plan overview

Plan NameCASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL
Plan identification number 010

CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

UPMC has sponsored the creation of one or more 401k plans.

Company Name:UPMC
Employer identification number (EIN):251423657
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0102009-01-01GREGORY D. STONER GREGORY D. STONER2010-10-13

Plan Statistics for CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL

401k plan membership statisitcs for CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL

Measure Date Value
2009: CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL 2009 401k membership
Total participants, beginning-of-year2009-01-011,317
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-01658
Number of other retired or separated participants entitled to future benefits2009-01-01618
Total of all active and inactive participants2009-01-011,276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0125
Total participants2009-01-011,301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL

Measure Date Value
2010 : CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets from this plan2010-12-31$53,913,429
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$96,317
Total income from all sources (including contributions)2010-12-31$6,226,923
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$3,730,737
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,459,361
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$0
Value of total assets at end of year2010-12-31$0
Value of total assets at beginning of year2010-12-31$51,513,560
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$271,376
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$96,071
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Administrative expenses (other) incurred2010-12-31$45,483
Liabilities. Value of operating payables at end of year2010-12-31$0
Liabilities. Value of operating payables at beginning of year2010-12-31$96,317
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,496,186
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$51,417,243
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$91,797
Value of interest in master investment trust accounts at end of year2010-12-31$0
Value of interest in master investment trust accounts at beginning of year2010-12-31$45,928,005
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$5,585,555
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,459,361
Contract administrator fees2010-12-31$38,025
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31ERNST & YOUNG, LLP
Accountancy firm EIN2010-12-31346565596

Form 5500 Responses for CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL

2009: CASH BALANCE PENSION PLAN FOR THE EMPLOYEES OF UPMC LEE REGIONAL 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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