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LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 401k Plan overview

Plan NameLAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN
Plan identification number 006

LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

SPECTRUM HEALTH LAKELAND has sponsored the creation of one or more 401k plans.

Company Name:SPECTRUM HEALTH LAKELAND
Employer identification number (EIN):382609624
NAIC Classification:622000
NAIC Description: Hospitals

Additional information about SPECTRUM HEALTH LAKELAND

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 716913

More information about SPECTRUM HEALTH LAKELAND

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0062012-01-01KAREN KNUTH
0062011-01-01KAREN KNUTH
0062010-01-01NORMA TIRADO
0062009-01-01NORMA TIRADO NORMA TIRADO2010-10-11

Plan Statistics for LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN

401k plan membership statisitcs for LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN

Measure Date Value
2012: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-014,493
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Total participants2012-01-010
2011: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-014,088
Total number of active participants reported on line 7a of the Form 55002011-01-014,254
Number of retired or separated participants receiving benefits2011-01-0116
Number of other retired or separated participants entitled to future benefits2011-01-01222
Total of all active and inactive participants2011-01-014,492
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-014,493
Number of participants with account balances2011-01-012,016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0129
2010: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-014,039
Total number of active participants reported on line 7a of the Form 55002010-01-013,858
Number of retired or separated participants receiving benefits2010-01-0114
Number of other retired or separated participants entitled to future benefits2010-01-01215
Total of all active and inactive participants2010-01-014,087
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-014,088
Number of participants with account balances2010-01-011,810
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0126
2009: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014,114
Total number of active participants reported on line 7a of the Form 55002009-01-013,828
Number of retired or separated participants receiving benefits2009-01-0117
Number of other retired or separated participants entitled to future benefits2009-01-01193
Total of all active and inactive participants2009-01-014,038
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-014,039
Number of participants with account balances2009-01-011,743
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0112

Financial Data on LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN

Measure Date Value
2012 : LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-09-06$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-09-06$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-09-06$0
Total income from all sources (including contributions)2012-09-06$5,228,795
Total loss/gain on sale of assets2012-09-06$0
Total of all expenses incurred2012-09-06$67,321,730
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-09-06$67,309,378
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-09-06$0
Value of total assets at end of year2012-09-06$0
Value of total assets at beginning of year2012-09-06$62,092,935
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-09-06$12,352
Total interest from all sources2012-09-06$256,574
Total dividends received (eg from common stock, registered investment company shares)2012-09-06$266,024
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-09-06Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-09-06$0
Total dividends received from registered investment company shares (eg mutual funds)2012-09-06$266,024
Was this plan covered by a fidelity bond2012-09-06Yes
Value of fidelity bond cover2012-09-06$500,000
If this is an individual account plan, was there a blackout period2012-09-06No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-09-06$0
Were there any nonexempt tranactions with any party-in-interest2012-09-06No
Contributions received from participants2012-09-06$0
Participant contributions at end of year2012-09-06$0
Participant contributions at beginning of year2012-09-06$1,522,993
Income. Received or receivable in cash from other sources (including rollovers)2012-09-06$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-09-06No
Value of net income/loss2012-09-06$-62,092,935
Value of net assets at end of year (total assets less liabilities)2012-09-06$0
Value of net assets at beginning of year (total assets less liabilities)2012-09-06$62,092,935
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-09-06No
Were any loans by the plan or fixed income obligations due to the plan in default2012-09-06No
Were any leases to which the plan was party in default or uncollectible2012-09-06No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-09-06$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-09-06$48,317,969
Interest on participant loans2012-09-06$39,251
Interest earned on other investments2012-09-06$217,323
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-09-06$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-09-06$12,251,973
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-09-06$4,706,197
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-09-06No
Was there a failure to transmit to the plan any participant contributions2012-09-06No
Has the plan failed to provide any benefit when due under the plan2012-09-06No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-09-06$67,309,378
Contract administrator fees2012-09-06$12,352
Did the plan have assets held for investment2012-09-06No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-09-06No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-09-06Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-09-06Yes
Opinion of an independent qualified public accountant for this plan2012-09-06Disclaimer
Accountancy firm name2012-09-06PLANTE & MORAN, PLLC
Accountancy firm EIN2012-09-06381357951
2011 : LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$5,024,683
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$4,300,553
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,282,329
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$6,270,748
Value of total assets at end of year2011-12-31$62,092,935
Value of total assets at beginning of year2011-12-31$61,368,805
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$18,224
Total interest from all sources2011-12-31$447,957
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$1,139,610
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$1,139,610
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$5,705,193
Participant contributions at end of year2011-12-31$1,522,993
Participant contributions at beginning of year2011-12-31$1,459,009
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$565,555
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$724,130
Value of net assets at end of year (total assets less liabilities)2011-12-31$62,092,935
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$61,368,805
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$48,317,969
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$47,607,882
Interest on participant loans2011-12-31$65,920
Interest earned on other investments2011-12-31$382,037
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$12,251,973
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$12,301,914
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-2,833,632
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,282,329
Contract administrator fees2011-12-31$18,224
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2011-12-31381357951
2010 : LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$11,857,043
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$5,010,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$4,992,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$5,324,619
Value of total assets at end of year2010-12-31$61,368,805
Value of total assets at beginning of year2010-12-31$54,521,888
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$18,043
Total interest from all sources2010-12-31$490,398
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$870,193
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$870,193
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$5,127,035
Participant contributions at end of year2010-12-31$1,459,009
Participant contributions at beginning of year2010-12-31$1,308,214
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$197,584
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$6,846,917
Value of net assets at end of year (total assets less liabilities)2010-12-31$61,368,805
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$54,521,888
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$47,607,882
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$41,609,218
Interest on participant loans2010-12-31$75,776
Interest earned on other investments2010-12-31$414,622
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$12,301,914
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$11,604,456
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$5,171,833
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$4,992,083
Contract administrator fees2010-12-31$18,043
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2010-12-31381357951
2009 : LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN

2012: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entityMulitple employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entityMulitple employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: LAKELAND REGIONAL HEALTH SYSTEM 403(B) RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entityMulitple employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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