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ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan NameALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN
Plan identification number 018

ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:ASCENSION HEALTHCARE
Employer identification number (EIN):311662309
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about ASCENSION HEALTHCARE

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2000-02-14
Company Identification Number: 0013101407
Legal Registered Office Address: 211 E 7TH ST STE 620

AUSTIN
United States of America (USA)
78701

More information about ASCENSION HEALTHCARE

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182021-01-01
0182020-01-01
0182019-01-01

Plan Statistics for ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN

Measure Date Value
2021: ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01338
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01423
Total number of active participants reported on line 7a of the Form 55002020-01-01252
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0185
Total of all active and inactive participants2020-01-01337
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01338
Number of participants with account balances2020-01-01338
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01429
Total number of active participants reported on line 7a of the Form 55002019-01-01298
Number of retired or separated participants receiving benefits2019-01-0125
Number of other retired or separated participants entitled to future benefits2019-01-01100
Total of all active and inactive participants2019-01-01423
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01423
Number of participants with account balances2019-01-01357
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011

Financial Data on ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN

Measure Date Value
2021 : ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2021 401k financial data
Total transfer of assets from this plan2021-06-01$14,444,002
Total income from all sources (including contributions)2021-06-01$1,066,369
Total of all expenses incurred2021-06-01$846,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-06-01$841,620
Value of total assets at end of year2021-06-01$0
Value of total assets at beginning of year2021-06-01$14,224,368
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-06-01$5,115
Total interest from all sources2021-06-01$29,231
Total dividends received (eg from common stock, registered investment company shares)2021-06-01$22,190
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-06-01Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-06-01$0
Total dividends received from registered investment company shares (eg mutual funds)2021-06-01$22,190
Was this plan covered by a fidelity bond2021-06-01Yes
Value of fidelity bond cover2021-06-01$20,000,000
If this is an individual account plan, was there a blackout period2021-06-01Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-06-01$0
Were there any nonexempt tranactions with any party-in-interest2021-06-01No
Assets. Other investments not covered elsewhere at end of year2021-06-01$0
Assets. Other investments not covered elsewhere at beginning of year2021-06-01$258,713
Other income not declared elsewhere2021-06-01$2,574
Administrative expenses (other) incurred2021-06-01$5,115
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-06-01No
Value of net income/loss2021-06-01$219,634
Value of net assets at end of year (total assets less liabilities)2021-06-01$0
Value of net assets at beginning of year (total assets less liabilities)2021-06-01$14,224,368
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-06-01No
Were any loans by the plan or fixed income obligations due to the plan in default2021-06-01No
Were any leases to which the plan was party in default or uncollectible2021-06-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-06-01$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-06-01$11,696,904
Interest earned on other investments2021-06-01$29,231
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-06-01$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-06-01$2,268,751
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-06-01$1,012,374
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-06-01No
Was there a failure to transmit to the plan any participant contributions2021-06-01No
Has the plan failed to provide any benefit when due under the plan2021-06-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-06-01$841,620
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-06-01Yes
Did the plan have assets held for investment2021-06-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-06-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-06-01Yes
Opinion of an independent qualified public accountant for this plan2021-06-01Disclaimer
Accountancy firm name2021-06-01CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-06-01410746749
2020 : ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,554,587
Total of all expenses incurred2020-12-31$4,112,027
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$4,078,575
Value of total corrective distributions2020-12-31$1,069
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$26,307
Value of total assets at end of year2020-12-31$14,224,368
Value of total assets at beginning of year2020-12-31$16,781,808
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$32,383
Total interest from all sources2020-12-31$73,080
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$81,938
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$81,938
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$20,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$22,030
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$1,696
Assets. Other investments not covered elsewhere at end of year2020-12-31$258,713
Other income not declared elsewhere2020-12-31$3,873
Administrative expenses (other) incurred2020-12-31$20,416
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-2,557,440
Value of net assets at end of year (total assets less liabilities)2020-12-31$14,224,368
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$16,781,808
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$11,967
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$11,696,904
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$13,982,171
Interest earned on other investments2020-12-31$73,080
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$2,268,751
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$2,600,310
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,369,389
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$4,277
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$197,631
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$4,078,575
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749
2019 : ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$4,708,509
Total of all expenses incurred2019-12-31$3,630,555
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,580,992
Expenses. Certain deemed distributions of participant loans2019-12-31$10,463
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,863,362
Value of total assets at end of year2019-12-31$16,781,808
Value of total assets at beginning of year2019-12-31$15,703,854
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$39,100
Total interest from all sources2019-12-31$81,018
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$854,571
Participant contributions at end of year2019-12-31$1,696
Participant contributions at beginning of year2019-12-31$12,539
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$223,648
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$733
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,077,954
Value of net assets at end of year (total assets less liabilities)2019-12-31$16,781,808
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$15,703,854
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$13,982,171
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$13,118,875
Interest earned on other investments2019-12-31$81,018
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,600,310
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$2,565,351
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,763,396
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$785,143
Employer contributions (assets) at end of year2019-12-31$197,631
Employer contributions (assets) at beginning of year2019-12-31$7,089
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,580,992
Contract administrator fees2019-12-31$39,100
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PLANTE & MORAN PLLC
Accountancy firm EIN2019-12-31381357951

Form 5500 Responses for ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN

2021: ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ALLEGAN GENERAL HOSPITAL EMPLOYEE SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberCR04776
Policy instance 1
Insurance contract or identification numberCR04776
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-06-01
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract numberTA069930
Policy instance 2
Insurance contract or identification numberTA069930
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-06-01
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA751781
Policy instance 1
Insurance contract or identification numberGA751781
Number of Individuals Covered0
Insurance policy start date2020-01-01
Insurance policy end date2020-05-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberCR04776
Policy instance 2
Insurance contract or identification numberCR04776
Number of Individuals Covered95
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $26,889
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $26,889
Insurance broker organization code?4
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract numberTA069930
Policy instance 3
Insurance contract or identification numberTA069930
Number of Individuals Covered293
Insurance policy start date2020-06-01
Insurance policy end date2020-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA751781
Policy instance 1
Insurance contract or identification numberGA751781
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberCR04776
Policy instance 2
Insurance contract or identification numberCR04776
Number of Individuals Covered110
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $33,328
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $33,328
Insurance broker organization code?4

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