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Retirement plan

VALLEY HEALTH SYSTEM MERGED DEFINED BENEFIT PLAN

VALLEY HEALTH SYSTEMEIN 52-1357729Plan #003PY 2024
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1840 AMHERST STREET - WINCHESTER, VA 22601540-536-4303valleyhealthlink.comLinkedIn5001-10000 employeeshospital & health care
Other plans on this EIN
1 filing
#002Retirement-$542.0M assets
Prospect flagsHigh retiree %Low returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(540) 536-4303
Plan administrator signer
BOB AMOS
Signed 10/15/2025
Plan administrator entity
BOARD OF DIRECTORS
EIN 540505979
PO BOX 3340 · WINCHEST, VA 22604
(540) 526-8031
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Summary metrics

Total assets (EOY)
$317.7M
+33.7% from 2022
Total participants
4,463
+0.9% from 2022
Average account balance
$0
No prior year
Annual return
-2.86%
+25.64 pp from 2022

Benchmarks

See 88 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort88 peers
Snapshot2024
Participant deferral / active EE
$0
median $93
Employer contribution / active EE
$41,011
median $6,672
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-2.86%
median 5.50%
Overall peer rank
37th percentileavg across 6 metrics

Analytics

2021 - 2024
Total assets (EOY)
Plan-year ending balance
$317.75M
Average account balance
Total assets / participants with a balance (line 6g)
$71K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,287
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$48.23M
Contributions per participant
Average employer and participant contribution per enrolled participant
$41K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-2.86%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
NORTHERN TRUST BANK2 years
Service code 28 · EIN 36-1561860
Investment Management
$390,154
JPMORGAN CHASE & CO2 years
Service code 28 · EIN 13-2624428
Investment Management
$83,320
PRINCIPAL TRUST COMPANY2 years
Service code 15 · EIN 51-0099493
Recordkeeping
$44,819

Enrolled actuary

1 attachment
SB

AMY L. GENTILE

USI CONSULTING GROUP
Enrollment #2308186
1001 LAKESIDE AVENUE SUITE 1200
CLEVELAND, OH 44114
(216) 875-1900
Signed 2025-09-09

Top hat statement on fileNQDC

Filed August 20, 2019 (most recent of 8 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
220 Campus Boulevard, Suite 420
Winchester, VA 22601
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (3)

  • Enhanced Severance Agreement1 emp
  • Enhanced Severance Agreement1 emp
  • Enhanced Severance Agreement1 emp

Total covered: 3 employees

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1I3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1I
    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.
  • 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

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$3.9M
$3315 / participant
  • Trustee / custodial$45K1.1%
  • Investment mgmt$474K12.2%
  • Other / not subdivided$3M86.7%
% of EOY assets
1.227%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BAKER TILLY US, LLP
Auditor EIN
301413443
Audit fees
(not subdivided)
Opinion code
Unqualified