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AUSTIN MEDICAL CENTER 403B PLAN 401k Plan overview

Plan NameAUSTIN MEDICAL CENTER 403B PLAN
Plan identification number 003

AUSTIN MEDICAL CENTER 403B 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

AUSTIN MEDICAL CENTER - MAYO HEALTH SYSTEM has sponsored the creation of one or more 401k plans.

Company Name:AUSTIN MEDICAL CENTER - MAYO HEALTH SYSTEM
Employer identification number (EIN):410695606
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AUSTIN MEDICAL CENTER 403B PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032012-01-01SHERI DANKERT SHERI DANKERT2013-07-31
0032011-01-01ROD NORDENG SHERI DANKERT2012-10-04
0032010-01-01ROD NORDENG SHERI DANKERT2011-07-18
0032009-01-01ROD NORDENG SHERI DANKERT2010-07-22

Plan Statistics for AUSTIN MEDICAL CENTER 403B PLAN

401k plan membership statisitcs for AUSTIN MEDICAL CENTER 403B PLAN

Measure Date Value
2012: AUSTIN MEDICAL CENTER 403B PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,139
Total number of active participants reported on line 7a of the Form 55002012-01-011,091
Number of other retired or separated participants entitled to future benefits2012-01-01105
Total of all active and inactive participants2012-01-011,196
Total participants2012-01-011,196
Number of participants with account balances2012-01-01801
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018
2011: AUSTIN MEDICAL CENTER 403B PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,111
Total number of active participants reported on line 7a of the Form 55002011-01-011,039
Number of other retired or separated participants entitled to future benefits2011-01-01100
Total of all active and inactive participants2011-01-011,139
Total participants2011-01-011,139
Number of participants with account balances2011-01-01775
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-019
2010: AUSTIN MEDICAL CENTER 403B PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-011,080
Total number of active participants reported on line 7a of the Form 55002010-01-011,026
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-0184
Total of all active and inactive participants2010-01-011,111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-011,111
Number of participants with account balances2010-01-01767
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-014
2009: AUSTIN MEDICAL CENTER 403B PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01744
Total number of active participants reported on line 7a of the Form 55002009-01-01998
Number of retired or separated participants receiving benefits2009-01-015
Number of other retired or separated participants entitled to future benefits2009-01-0177
Total of all active and inactive participants2009-01-011,080
Total participants2009-01-011,080
Number of participants with account balances2009-01-01748

Financial Data on AUSTIN MEDICAL CENTER 403B PLAN

Measure Date Value
2012 : AUSTIN MEDICAL CENTER 403B PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$2,284
Total unrealized appreciation/depreciation of assets2012-12-31$2,284
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$7,074,646
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,056,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,012,720
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,505,747
Value of total assets at end of year2012-12-31$31,293,894
Value of total assets at beginning of year2012-12-31$25,275,662
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$43,694
Total interest from all sources2012-12-31$983,148
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$43,694
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$2,661,869
Assets. Other investments not covered elsewhere at end of year2012-12-31$12,541
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$169,914
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$535,699
Other income not declared elsewhere2012-12-31$10,301
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$6,018,232
Value of net assets at end of year (total assets less liabilities)2012-12-31$31,293,894
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$25,275,662
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$29,606,529
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$23,890,801
Interest earned on other investments2012-12-31$983,148
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$999,504
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,098,707
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,098,707
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$675,320
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$116,240
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,573,166
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$308,179
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,012,720
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MCGLADREY LLP
Accountancy firm EIN2012-12-31420714325
2011 : AUSTIN MEDICAL CENTER 403B PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$8,677
Total unrealized appreciation/depreciation of assets2011-12-31$8,677
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$2,778,787
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,053,835
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,013,775
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,959,265
Value of total assets at end of year2011-12-31$25,275,662
Value of total assets at beginning of year2011-12-31$23,550,710
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$40,060
Total interest from all sources2011-12-31$751,759
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$40,060
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
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$2,577,630
Assets. Other investments not covered elsewhere at end of year2011-12-31$169,914
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$100,325
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$77,637
Other income not declared elsewhere2011-12-31$1,455
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$1,724,952
Value of net assets at end of year (total assets less liabilities)2011-12-31$25,275,662
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$23,550,710
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$23,890,801
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$22,593,100
Interest earned on other investments2011-12-31$751,759
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,098,707
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$846,977
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$846,977
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$116,240
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$10,308
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-942,369
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
Contributions received in cash from employer2011-12-31$303,998
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,013,775
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 name2011-12-31MCGLADREY LLP
Accountancy firm EIN2011-12-31420714325
2010 : AUSTIN MEDICAL CENTER 403B PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$3,984
Total unrealized appreciation/depreciation of assets2010-12-31$3,984
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$5,309,464
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,129,768
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,091,081
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,847,807
Value of total assets at end of year2010-12-31$23,550,710
Value of total assets at beginning of year2010-12-31$19,371,014
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$38,687
Total interest from all sources2010-12-31$581,597
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$38,687
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$2,499,659
Assets. Other investments not covered elsewhere at end of year2010-12-31$100,325
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$72,266
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$42,390
Other income not declared elsewhere2010-12-31$650
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$4,179,696
Value of net assets at end of year (total assets less liabilities)2010-12-31$23,550,710
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$19,371,014
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$22,593,100
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$18,183,193
Interest earned on other investments2010-12-31$581,597
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$846,977
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,115,555
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,115,555
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$10,308
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,875,426
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
Contributions received in cash from employer2010-12-31$305,758
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,091,081
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 name2010-12-31MC GLADREY & PULLEN LLP
Accountancy firm EIN2010-12-31420714325

Form 5500 Responses for AUSTIN MEDICAL CENTER 403B PLAN

2012: AUSTIN MEDICAL CENTER 403B PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
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: AUSTIN MEDICAL CENTER 403B PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle 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: AUSTIN MEDICAL CENTER 403B PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle 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: AUSTIN MEDICAL CENTER 403B PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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