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AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 401k Plan overview

Plan NameAUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN
Plan identification number 006

AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • 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 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.

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 EMPLOYEES' PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0062012-01-01SHERI DANKERT SHERI DANKERT2013-07-31
0062011-01-01ROD NORDENG SHERI DANKERT2012-10-04
0062010-01-01ROD NORDENG SHERI DANKERT2011-07-18
0062009-01-01ROD NORDENG SHERI DANKERT2010-07-22

Plan Statistics for AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN

401k plan membership statisitcs for AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN

Measure Date Value
2012: AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,287
Total number of active participants reported on line 7a of the Form 55002012-01-011,184
Number of retired or separated participants receiving benefits2012-01-015
Number of other retired or separated participants entitled to future benefits2012-01-01152
Total of all active and inactive participants2012-01-011,341
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-011,341
Number of participants with account balances2012-01-011,152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0113
2011: AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,242
Total number of active participants reported on line 7a of the Form 55002011-01-011,136
Number of retired or separated participants receiving benefits2011-01-013
Number of other retired or separated participants entitled to future benefits2011-01-01140
Total of all active and inactive participants2011-01-011,279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-018
Total participants2011-01-011,287
Number of participants with account balances2011-01-011,111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0117
2010: AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-011,198
Total number of active participants reported on line 7a of the Form 55002010-01-011,120
Number of retired or separated participants receiving benefits2010-01-013
Number of other retired or separated participants entitled to future benefits2010-01-01118
Total of all active and inactive participants2010-01-011,241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-011,242
Number of participants with account balances2010-01-011,069
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0110
2009: AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,269
Total number of active participants reported on line 7a of the Form 55002009-01-011,096
Number of retired or separated participants receiving benefits2009-01-014
Number of other retired or separated participants entitled to future benefits2009-01-0198
Total of all active and inactive participants2009-01-011,198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-011,198
Number of participants with account balances2009-01-011,027
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0111

Financial Data on AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN

Measure Date Value
2012 : AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,491
Total unrealized appreciation/depreciation of assets2012-12-31$1,491
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$9,578,627
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$3,062,455
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,978,243
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,317,201
Value of total assets at end of year2012-12-31$53,096,365
Value of total assets at beginning of year2012-12-31$46,580,193
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$84,212
Total interest from all sources2012-12-31$1,653,198
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$84,212
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
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$3,317,201
Amount contributed by the employer to the plan for this plan year2012-12-31$3,317,201
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Other investments not covered elsewhere at end of year2012-12-31$327
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$448,351
Other income not declared elsewhere2012-12-31$18,376
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$6,516,172
Value of net assets at end of year (total assets less liabilities)2012-12-31$53,096,365
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$46,580,193
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$50,618,913
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$44,361,640
Interest earned on other investments2012-12-31$1,653,198
Value of interest in common/collective trusts at beginning of year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$1,589,141
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,445,909
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,445,909
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$887,984
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$324,293
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$4,588,361
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$3,317,201
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,978,243
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 name2012-12-31MCGLADERY LLP
Accountancy firm EIN2012-12-31420714325
2011 : AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$10,879
Total unrealized appreciation/depreciation of assets2011-12-31$10,879
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$3,184,046
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,629,224
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,550,559
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$3,319,325
Value of total assets at end of year2011-12-31$46,580,193
Value of total assets at beginning of year2011-12-31$45,025,371
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$78,665
Total interest from all sources2011-12-31$1,385,024
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$78,665
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
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$3,319,325
Amount contributed by the employer to the plan for this plan year2011-12-31$3,319,325
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Other investments not covered elsewhere at end of year2011-12-31$448,351
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$393,611
Other income not declared elsewhere2011-12-31$6,727
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$1,554,822
Value of net assets at end of year (total assets less liabilities)2011-12-31$46,580,193
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$45,025,371
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$44,361,640
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$43,197,972
Interest earned on other investments2011-12-31$1,385,024
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,445,909
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,290,578
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,290,578
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$324,293
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$143,210
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,537,909
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$3,319,325
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,550,559
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 EMPLOYEES' PENSION PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$3,667
Total unrealized appreciation/depreciation of assets2010-12-31$3,667
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$7,728,860
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,480,408
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,405,317
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,175,173
Value of total assets at end of year2010-12-31$45,025,371
Value of total assets at beginning of year2010-12-31$38,776,919
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$75,091
Total interest from all sources2010-12-31$1,157,195
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$75,091
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$3,174,594
Amount contributed by the employer to the plan for this plan year2010-12-31$3,174,594
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$393,611
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$242,009
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$579
Other income not declared elsewhere2010-12-31$3,725
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$6,248,452
Value of net assets at end of year (total assets less liabilities)2010-12-31$45,025,371
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$38,776,919
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$43,197,972
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$36,791,002
Interest earned on other investments2010-12-31$1,157,195
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$1,512,461
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,290,578
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$231,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$231,447
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$143,210
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,389,100
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$3,174,594
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,405,317
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 name2010-12-31MCGLADREY & PULLEN LLP
Accountancy firm EIN2010-12-31420714325
2009 : AUSTIN MEDICAL CENTER EMPLOYEES' PENSION 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
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$3,223,955
Amount contributed by the employer to the plan for this plan year2009-12-31$3,223,955

Form 5500 Responses for AUSTIN MEDICAL CENTER EMPLOYEES' PENSION PLAN

2012: AUSTIN MEDICAL CENTER EMPLOYEES' PENSION 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 EMPLOYEES' PENSION 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 EMPLOYEES' PENSION 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 EMPLOYEES' PENSION 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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