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BAPTIST HEALTH CARE CORPORATION PENSION PLAN 401k Plan overview

Plan NameBAPTIST HEALTH CARE CORPORATION PENSION PLAN
Plan identification number 002

BAPTIST HEALTH CARE CORPORATION PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BAPTIST HEALTH CARE, INC. has sponsored the creation of one or more 401k plans.

Company Name:BAPTIST HEALTH CARE, INC.
Employer identification number (EIN):590657322
NAIC Classification:622000
NAIC Description: Hospitals

Additional information about BAPTIST HEALTH CARE, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1983-03-02
Company Identification Number: 767266
Legal Registered Office Address: 1717 NORTH E ST.

PENSACOLA

32503

More information about BAPTIST HEALTH CARE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAPTIST HEALTH CARE CORPORATION PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CHRISTINE JOHNSON2024-10-14
0022022-01-01CHRISTINE JOHNSON2023-10-16

Plan Statistics for BAPTIST HEALTH CARE CORPORATION PENSION PLAN

401k plan membership statisitcs for BAPTIST HEALTH CARE CORPORATION PENSION PLAN

Measure Date Value
2023: BAPTIST HEALTH CARE CORPORATION PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-012,997
Total number of active participants reported on line 7a of the Form 55002023-01-01294
Number of retired or separated participants receiving benefits2023-01-011,436
Number of other retired or separated participants entitled to future benefits2023-01-011,080
Total of all active and inactive participants2023-01-012,810
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01150
Total participants2023-01-012,960
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: BAPTIST HEALTH CARE CORPORATION PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-31118,004,236
Acturial value of plan assets2022-12-31113,065,938
Funding target for retired participants and beneficiaries receiving payment2022-12-3162,877,264
Number of terminated vested participants2022-12-311,159
Fundng target for terminated vested participants2022-12-3129,556,807
Active participant vested funding target2022-12-3111,074,656
Number of active participants2022-12-31426
Total funding liabilities for active participants2022-12-3111,074,656
Total participant count2022-12-313,030
Total funding target for all participants2022-12-31103,508,727
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-311,720,619
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-311,337,805
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31382,814
Present value of excess contributions2022-12-312,630,493
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-312,832,004
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-312,832,004
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-313,251,951
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-311,524,012
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-013,030
Total number of active participants reported on line 7a of the Form 55002022-01-01386
Number of retired or separated participants receiving benefits2022-01-011,403
Number of other retired or separated participants entitled to future benefits2022-01-011,066
Total of all active and inactive participants2022-01-012,855
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01142
Total participants2022-01-012,997
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on BAPTIST HEALTH CARE CORPORATION PENSION PLAN

Measure Date Value
2023 : BAPTIST HEALTH CARE CORPORATION PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$10,671,694
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$8,476,849
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$6,494,578
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,870,006
Value of total assets at end of year2023-12-31$87,551,771
Value of total assets at beginning of year2023-12-31$85,356,926
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$1,982,271
Total interest from all sources2023-12-31$46,781
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Other income not declared elsewhere2023-12-31$-9,262
Administrative expenses (other) incurred2023-12-31$1,354,544
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$2,194,845
Value of net assets at end of year (total assets less liabilities)2023-12-31$87,551,771
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$85,356,926
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Assets. partnership/joint venture interests at end of year2023-12-31$9,899,155
Assets. partnership/joint venture interests at beginning of year2023-12-31$9,859,080
Investment advisory and management fees2023-12-31$176,369
Value of interest in common/collective trusts at end of year2023-12-31$74,298,957
Value of interest in common/collective trusts at beginning of year2023-12-31$74,486,085
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$1,483,653
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$1,011,761
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$1,011,761
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$46,781
Net investment gain or loss from common/collective trusts2023-12-31$8,764,169
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31Yes
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$1,870,006
Employer contributions (assets) at end of year2023-12-31$1,870,006
Employer contributions (assets) at beginning of year2023-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$6,494,578
Contract administrator fees2023-12-31$163,826
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31FORVIS MAZARS LLP
Accountancy firm EIN2023-12-31440160260
2022 : BAPTIST HEALTH CARE CORPORATION PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-24,402,220
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$8,276,731
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,498,041
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$85,356,926
Value of total assets at beginning of year2022-12-31$118,035,877
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,778,690
Total interest from all sources2022-12-31$14,149
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$468,682
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other income not declared elsewhere2022-12-31$-8,096
Administrative expenses (other) incurred2022-12-31$1,103,040
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-32,678,951
Value of net assets at end of year (total assets less liabilities)2022-12-31$85,356,926
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$118,035,877
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$9,859,080
Assets. partnership/joint venture interests at beginning of year2022-12-31$9,714,327
Investment advisory and management fees2022-12-31$206,968
Value of interest in common/collective trusts at end of year2022-12-31$74,486,085
Value of interest in common/collective trusts at beginning of year2022-12-31$104,896,697
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$1,011,761
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$1,324,853
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$1,324,853
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$14,149
Net investment gain or loss from common/collective trusts2022-12-31$-24,408,273
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$2,100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$6,498,041
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31FORVIS, LLP
Accountancy firm EIN2022-12-31440160260

Form 5500 Responses for BAPTIST HEALTH CARE CORPORATION PENSION PLAN

2023: BAPTIST HEALTH CARE CORPORATION PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: BAPTIST HEALTH CARE CORPORATION PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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