Retirement plan
VALLEY HEALTH SYSTEM MERGED DEFINED BENEFIT PLAN
VALLEY HEALTH SYSTEMEIN 52-1357729Plan #003PY 2021
1840 AMHERST STREET - WINCHESTER, VA 22601540-536-4306valleyhealthlink.comLinkedIn5001-10000 employeeshospital & health care
Other plans on this EIN
1 filingProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
BOB AMOS
Signed 10/11/2023
Plan administrator entity
BOAD OF DIRECTORS
EIN 540505979
PO BOX 3340 · WINCHEST, VA 22604
(540) 526-8031Summary metrics
Total assets (EOY)
$361.4M
+33.7% from 2022
Total participants
4,661
+0.9% from 2022
Average account balance
$0
No prior year
Annual return
0.00%
+25.64 pp from 2022
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort124 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $223
43
Employer contribution / active EE
$7,928
median $5,912
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $364,566
0
Admin fee / account holder
$0
median $561
0
Annual return
0.00%
median 9.75%
Overall peer rank
43of 100
43rd 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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
AMY L. GENTILE
USI CONSULTING GROUP
Enrollment #2008186
1660 WEST 2ND STREET SUITE 900
CLEVELAND, OH 44113
(216) 875-1900
Signed 2022-09-19
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
Plans declared (3)
- Enhanced Severance Agreement1 emp
- Enhanced Severance Agreement1 emp
- Enhanced Severance Agreement1 emp
Total covered: 3 employees
Plan features & details
Pension benefit codes1A1C1I3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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).
- 1IFrozen planAs 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.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- 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
$1.8M
$1094 / participant
- Investment mgmt$2M100.0%
% of EOY assets
0.511%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- BAKER TILLEY US, LLP
- Auditor EIN
- 390859910
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer