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UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR 401k Plan overview

Plan NameUNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR
Plan identification number 008

UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH has sponsored the creation of one or more 401k plans.

Company Name:UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH
Employer identification number (EIN):521289729
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0082019-01-01

Plan Statistics for UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR

401k plan membership statisitcs for UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR

Measure Date Value
2019: UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR 2019 401k membership
Total participants, beginning-of-year2019-01-013,491
Total number of active participants reported on line 7a of the Form 55002019-01-012,813
Number of retired or separated participants receiving benefits2019-01-0157
Number of other retired or separated participants entitled to future benefits2019-01-01434
Total of all active and inactive participants2019-01-013,304
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-013,304
Number of participants with account balances2019-01-013,015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-01147

Financial Data on UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR

Measure Date Value
2019 : UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$35,890,233
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$12,974,113
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$12,751,630
Expenses. Certain deemed distributions of participant loans2019-12-31$16,819
Value of total corrective distributions2019-12-31$18,282
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$13,548,674
Value of total assets at end of year2019-12-31$128,883,953
Value of total assets at beginning of year2019-12-31$105,967,833
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$187,382
Total interest from all sources2019-12-31$328,993
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$6,359,780
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$6,359,780
Administrative expenses professional fees incurred2019-12-31$18,079
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$7,583,568
Participant contributions at end of year2019-12-31$2,491,658
Participant contributions at beginning of year2019-12-31$2,209,006
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,426,476
Administrative expenses (other) incurred2019-12-31$5,417
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$22,916,120
Value of net assets at end of year (total assets less liabilities)2019-12-31$128,883,953
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$105,967,833
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$89,709
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$116,666,999
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$94,760,318
Interest on participant loans2019-12-31$138,510
Interest earned on other investments2019-12-31$190,483
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$9,725,296
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$8,998,509
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$15,652,786
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$4,538,630
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$12,751,630
Contract administrator fees2019-12-31$74,177
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2019-12-31410746749

Form 5500 Responses for UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR

2019: UNIVERSITY OF MARYLAND CAPITAL REGION HEALTH RETIR 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberMR 60186
Policy instance 1
Insurance contract or identification numberMR 60186
Number of Individuals Covered3304
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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