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HEALTH SYSTEMS, INC. 401(K) PLAN 401k Plan overview

Plan NameHEALTH SYSTEMS, INC. 401(K) PLAN
Plan identification number 001

HEALTH SYSTEMS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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

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

Company Name:HEALTH SYSTEMS, INC.
Employer identification number (EIN):541927316
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about HEALTH SYSTEMS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1998-12-08
Company Identification Number: 0512538
Legal Registered Office Address: 14001-A ST GERMAIN DR

CENTREVILLE
United States of America (USA)
20121

More information about HEALTH SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HEALTH SYSTEMS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SADE ADEGOROYE2024-08-21
0012022-01-01SADE ADEGOROYE2023-06-28
0012021-01-01SADE ADEGOROYE2022-06-23
0012020-01-01SADE ADEGOROYE2021-06-23 SADE ADEGOROYE2021-06-23
0012019-01-01SADE ADEGOROYE2020-08-13
0012018-01-01SADE ADEGOROYE2019-08-26
0012017-01-01SADE ADEGOROYE2018-09-07
0012016-01-01SADE ADEGOROYE2017-08-30 SADE ADEGOROYE2017-08-30
0012015-01-01FOLASADE ADEGOROYE2016-07-26 FOLASADE ADEGOROYE2016-07-26
0012014-01-01FOLASADE ADEGOROYE2015-06-29 FOLASADE ADEGOROYE2015-06-29
0012013-01-01FOLASADE ADEGOROYE2014-07-25
0012012-01-01FOLASADE A. ADEGOROYE2013-09-20
0012011-01-01FOLASADE A. ADEGOROYE2012-10-12
0012010-01-01FOLASADE ADEGOROYE2011-03-08

Financial Data on HEALTH SYSTEMS, INC. 401(K) PLAN

Measure Date Value
2025 : HEALTH SYSTEMS, INC. 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-110
Total expenses incurred by plan in this plan year2025-07-119180
Net assets as of the end of the plan year2025-07-111354912
Total assets as of the beginning of the plan year2025-07-111223786
Value of plan covered by a fidelity bond2025-07-11130000
Participant contributions to plan in this plan year2025-07-1111375
Other income to plan in this plan year2025-07-11118697
Plan net income in this plan year2025-07-11131126
Net assets as of the end of the plan year2025-07-111354912
Net assets as of the beginning of the plan year2025-07-111223786
Employer contributions to plan in this plan year2025-07-1110234
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-11285
2024 : HEALTH SYSTEMS, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-08-210
Total expenses incurred by plan in this plan year2024-08-210
Net assets as of the end of the plan year2024-08-211223786
Total assets as of the beginning of the plan year2024-08-211017444
Value of plan covered by a fidelity bond2024-08-21500000
Participant contributions to plan in this plan year2024-08-2139000
Value of participant loans at end of plan year2024-08-212299
Other income to plan in this plan year2024-08-21153217
Plan net income in this plan year2024-08-21206342
Net assets as of the end of the plan year2024-08-211223786
Net assets as of the beginning of the plan year2024-08-211017444
Employer contributions to plan in this plan year2024-08-2114125
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-210

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