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RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM 401k Plan overview

Plan NameRETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM
Plan identification number 001

RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM 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).
  • 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) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WEST PENN ALLEGHENY HEALTH SYSTEM has sponsored the creation of one or more 401k plans.

Company Name:WEST PENN ALLEGHENY HEALTH SYSTEM
Employer identification number (EIN):250969492
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01

Plan Statistics for RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM

401k plan membership statisitcs for RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM

Measure Date Value
2018: RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM 2018 401k membership
Market value of plan assets2018-12-31619,487,370
Acturial value of plan assets2018-12-31581,285,315
Funding target for retired participants and beneficiaries receiving payment2018-12-31161,073,096
Number of terminated vested participants2018-12-315,892
Fundng target for terminated vested participants2018-12-31146,791,504
Active participant vested funding target2018-12-31320,824,203
Number of active participants2018-12-318,690
Total funding liabilities for active participants2018-12-31324,174,654
Total participant count2018-12-3117,060
Total funding target for all participants2018-12-31632,039,254
Balance at beginning of prior year after applicable adjustments2018-12-3111,386,000
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-3111,386,000
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3116,475,625
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3118,802,448
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3118,802,448
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3118,802,448
Total employer contributions2018-12-3122,500,000
Total employee contributions2018-12-3116,083
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3120,760,270
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-315,848,908
Net shortfall amortization installment of oustanding balance2018-12-3169,556,387
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3118,714,617
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3118,714,617
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3120,760,270
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-0117,055
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM

Measure Date Value
2018 : RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets from this plan2018-12-31$552,809,569
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-12,912,420
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$54,269,618
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$45,671,189
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$22,516,083
Value of total assets at end of year2018-12-31$0
Value of total assets at beginning of year2018-12-31$619,991,607
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$8,598,429
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$40,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$16,083
Administrative expenses (other) incurred2018-12-31$8,598,429
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-67,182,038
Value of net assets at end of year (total assets less liabilities)2018-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$619,991,607
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in master investment trust accounts at end of year2018-12-31$0
Value of interest in master investment trust accounts at beginning of year2018-12-31$591,583,607
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$22,500,000
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$28,408,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$45,671,189
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2018-12-31390859910

Form 5500 Responses for RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM

2018: RETIREMENT PLAN FOR ELIGIBLE NON REPRESENTED EMPLOYEES OF WEST PENN ALLEGHENY HEALTH SYSTEM 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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