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Retirement plan

PENSION PLAN OF NORTH CAROLINA BAPTIST HOSPITAL

NORTH CAROLINA BAPTIST HOSPITALEIN 56-0552787Plan #001PY 2023
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MEDICAL CENTER BOULEVARD - WINSTON-SALEM, NC 271571185336-716-2387LinkedIn11-50 employeescosmetics
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(336) 716-2387
How to read this page

Summary metrics

Total assets (EOY)
$327.2M
+9.6% from 2016
Total participants
6,796
+12.3% from 2016
Average account balance
$0
No prior year
Annual return
16.92%
+2.47 pp from 2016

Benchmarks

See 100 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort100 peers
Snapshot2023
Participant deferral / active EE
$0
median $214
Employer contribution / active EE
$5,261
median $4,624
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
16.92%
median 9.85%
Overall peer rank
67th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$334.90M
Average account balance
Total assets / participants with a balance (line 6g)
$50K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,791
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
$4.34M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+6.81%
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
AON CONSULTING9+ years
Service code 15 · EIN 23-2293237
Recordkeeping
$686,672
HIGHLAND CONSULTING7 years
Service code 17
159 CROCKER PARK BLVD · CLEVELAND, OH 44145
Pension Consulting
$122,040
BUTLER & BURKE LLP3 years
Service code 10 · EIN 56-1138530
Accounting
$17,750

Enrolled actuary

1 attachment
SB

MITZI M. SILVERSTEIN, F.S.A.

AON CONSULTING, INC.
Enrollment #2307184
MSC # 17848, AON, PO BOX 551343
ATLANTA, GA 30355
(336) 748-1120
Signed 2024-09-25

Top hat statement on fileNQDC

Filed April 9, 2007 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1I3H
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).
  • 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

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
$6.2M
$2997 / participant
  • Contract admin$809K13.1%
  • Other / not subdivided$5M86.9%
% of EOY assets
1.893%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CLIFTONLARSONALLEN LLP
Auditor EIN
410746749
Audit fees
$17,750
Opinion code
Unqualified