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RURAL HEALTH SERVICES, INC. 403(B) PLAN 401k Plan overview

Plan NameRURAL HEALTH SERVICES, INC. 403(B) PLAN
Plan identification number 001

RURAL HEALTH SERVICES, INC. 403(B) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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 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.

401k Sponsoring company profile

RURAL HEALTH SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:RURAL HEALTH SERVICES, INC.
Employer identification number (EIN):237085643
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about RURAL HEALTH SERVICES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1980-01-16
Company Identification Number: 750626
Legal Registered Office Address: 9TH AVENUE

MALONE

32445

More information about RURAL HEALTH SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RURAL HEALTH SERVICES, INC. 403(B) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-06-01
0012021-06-01
0012020-06-01CAROLYN EMANUEL-MCCLAIN2022-03-09 CAROLYN EMANUEL-MCCLAIN2022-03-09
0012019-06-01CAROLYN MCCLAIN2021-03-17
0012017-06-01CAROLYN EMANUEL-MCCLAIN2018-10-09 CAROLYN EMANUEL-MCCLAIN2018-10-09
0012016-06-01ROBERT T REEL JR2017-10-09
0012015-06-01ROBERT T REEL JR2017-01-25 ROBERT T REEL JR2017-01-25

Plan Statistics for RURAL HEALTH SERVICES, INC. 403(B) PLAN

401k plan membership statisitcs for RURAL HEALTH SERVICES, INC. 403(B) PLAN

Measure Date Value
2022: RURAL HEALTH SERVICES, INC. 403(B) PLAN 2022 401k membership
Total participants, beginning-of-year2022-06-01186
Total number of active participants reported on line 7a of the Form 55002022-06-01154
Number of retired or separated participants receiving benefits2022-06-010
Number of other retired or separated participants entitled to future benefits2022-06-0113
Total of all active and inactive participants2022-06-01167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-06-010
Total participants2022-06-01167
Number of participants with account balances2022-06-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-06-014
2021: RURAL HEALTH SERVICES, INC. 403(B) PLAN 2021 401k membership
Total participants, beginning-of-year2021-06-01166
Total number of active participants reported on line 7a of the Form 55002021-06-01158
Number of retired or separated participants receiving benefits2021-06-010
Number of other retired or separated participants entitled to future benefits2021-06-0119
Total of all active and inactive participants2021-06-01177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-06-010
Total participants2021-06-01177
Number of participants with account balances2021-06-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-06-016

Financial Data on RURAL HEALTH SERVICES, INC. 403(B) PLAN

Measure Date Value
2023 : RURAL HEALTH SERVICES, INC. 403(B) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-05-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-05-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-05-31$0
Total income from all sources (including contributions)2023-05-31$309,313
Total loss/gain on sale of assets2023-05-31$0
Total of all expenses incurred2023-05-31$300,288
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-05-31$279,831
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-05-31$305,458
Value of total assets at end of year2023-05-31$1,465,462
Value of total assets at beginning of year2023-05-31$1,456,437
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-05-31$20,457
Total interest from all sources2023-05-31$1,692
Total dividends received (eg from common stock, registered investment company shares)2023-05-31$23,036
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-05-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-05-31$23,036
Was this plan covered by a fidelity bond2023-05-31No
If this is an individual account plan, was there a blackout period2023-05-31No
Were there any nonexempt tranactions with any party-in-interest2023-05-31No
Contributions received from participants2023-05-31$202,126
Participant contributions at end of year2023-05-31$17,809
Participant contributions at beginning of year2023-05-31$20,416
Income. Received or receivable in cash from other sources (including rollovers)2023-05-31$143
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-05-31No
Value of net income/loss2023-05-31$9,025
Value of net assets at end of year (total assets less liabilities)2023-05-31$1,465,462
Value of net assets at beginning of year (total assets less liabilities)2023-05-31$1,456,437
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-05-31No
Were any leases to which the plan was party in default or uncollectible2023-05-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-05-31$1,432,810
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-05-31$1,410,600
Interest on participant loans2023-05-31$1,298
Interest earned on other investments2023-05-31$394
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-05-31$14,843
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-05-31$25,421
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-05-31$-20,873
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-05-31No
Was there a failure to transmit to the plan any participant contributions2023-05-31Yes
Has the plan failed to provide any benefit when due under the plan2023-05-31No
Contributions received in cash from employer2023-05-31$103,189
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-05-31$279,831
Contract administrator fees2023-05-31$20,457
Did the plan have assets held for investment2023-05-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-05-31No
Opinion of an independent qualified public accountant for this plan2023-05-31Unqualified
Accountancy firm name2023-05-31TERRY HORNE, CPA
Accountancy firm EIN2023-05-31621867889
2022 : RURAL HEALTH SERVICES, INC. 403(B) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-05-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-05-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-05-31$0
Total income from all sources (including contributions)2022-05-31$326,989
Total loss/gain on sale of assets2022-05-31$0
Total of all expenses incurred2022-05-31$161,114
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-05-31$140,608
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-05-31$441,772
Value of total assets at end of year2022-05-31$1,456,437
Value of total assets at beginning of year2022-05-31$1,290,562
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-05-31$20,506
Total interest from all sources2022-05-31$1,231
Total dividends received (eg from common stock, registered investment company shares)2022-05-31$36,822
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-05-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-05-31$36,822
Was this plan covered by a fidelity bond2022-05-31No
If this is an individual account plan, was there a blackout period2022-05-31No
Were there any nonexempt tranactions with any party-in-interest2022-05-31No
Contributions received from participants2022-05-31$235,909
Participant contributions at end of year2022-05-31$20,416
Participant contributions at beginning of year2022-05-31$28,742
Income. Received or receivable in cash from other sources (including rollovers)2022-05-31$91,478
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-05-31No
Value of net income/loss2022-05-31$165,875
Value of net assets at end of year (total assets less liabilities)2022-05-31$1,456,437
Value of net assets at beginning of year (total assets less liabilities)2022-05-31$1,290,562
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-05-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-05-31No
Were any leases to which the plan was party in default or uncollectible2022-05-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-05-31$1,410,600
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-05-31$1,261,820
Interest on participant loans2022-05-31$1,219
Interest earned on other investments2022-05-31$12
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-05-31$25,421
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-05-31$-152,836
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-05-31No
Was there a failure to transmit to the plan any participant contributions2022-05-31Yes
Has the plan failed to provide any benefit when due under the plan2022-05-31No
Contributions received in cash from employer2022-05-31$114,385
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-05-31$140,608
Contract administrator fees2022-05-31$20,506
Did the plan have assets held for investment2022-05-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-05-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-05-31No
Opinion of an independent qualified public accountant for this plan2022-05-31Unqualified
Accountancy firm name2022-05-31TERRY HORNE, CPA
Accountancy firm EIN2022-05-31621867889

Form 5500 Responses for RURAL HEALTH SERVICES, INC. 403(B) PLAN

2022: RURAL HEALTH SERVICES, INC. 403(B) PLAN 2022 form 5500 responses
2022-06-01Type of plan entitySingle employer plan
2022-06-01This submission is the final filingNo
2022-06-01This return/report is a short plan year return/report (less than 12 months)No
2022-06-01Plan is a collectively bargained planNo
2022-06-01Plan funding arrangement – InsuranceYes
2022-06-01Plan funding arrangement – TrustYes
2022-06-01Plan benefit arrangement – InsuranceYes
2022-06-01Plan benefit arrangement - TrustYes
2021: RURAL HEALTH SERVICES, INC. 403(B) PLAN 2021 form 5500 responses
2021-06-01Type of plan entitySingle employer plan
2021-06-01This submission is the final filingNo
2021-06-01This return/report is a short plan year return/report (less than 12 months)No
2021-06-01Plan is a collectively bargained planNo
2021-06-01Plan funding arrangement – InsuranceYes
2021-06-01Plan funding arrangement – TrustYes
2021-06-01Plan benefit arrangement – InsuranceYes
2021-06-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered167
Insurance policy start date2022-06-01
Insurance policy end date2023-05-31
Total amount of commissions paid to insurance brokerUSD $110
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
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 $110
Amount paid for insurance broker fees0
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered177
Insurance policy start date2021-06-01
Insurance policy end date2022-05-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
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

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