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Plan Name | PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
|
Company Name: | PIEDMONT HEALTHCARE, INC. |
Employer identification number (EIN): | 581503902 |
NAIC Classification: | 622000 |
NAIC Description: | Hospitals |
Additional information about PIEDMONT HEALTHCARE, INC.
Jurisdiction of Incorporation: | Virginia Secretary of State |
Incorporation Date: | 2015-08-12 |
Company Identification Number: | 0794793 |
Legal Registered Office Address: |
121 MALL DRIVE DANVILLE United States of America (USA) 24540 |
More information about PIEDMONT HEALTHCARE, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2019-01-01 | VICKI CANSLER | 2020-10-15 | ||
001 | 2019-01-01 | VICKI CANSLER | 2020-10-22 | ||
001 | 2018-01-01 | VICKI CANSLER | 2019-10-15 |
Measure | Date | Value |
---|---|---|
2019: PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN 2019 401k membership | ||
Market value of plan assets | 2019-12-31 | 304,688,996 |
Acturial value of plan assets | 2019-12-31 | 324,370,217 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 138,472,134 |
Number of terminated vested participants | 2019-12-31 | 1,403 |
Fundng target for terminated vested participants | 2019-12-31 | 69,905,287 |
Active participant vested funding target | 2019-12-31 | 120,878,612 |
Number of active participants | 2019-12-31 | 1,490 |
Total funding liabilities for active participants | 2019-12-31 | 121,648,538 |
Total participant count | 2019-12-31 | 4,261 |
Total funding target for all participants | 2019-12-31 | 330,025,959 |
Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 11,768,692 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 1,369,324 |
Amount remaining of carryover balance | 2019-12-31 | 0 |
Amount remaining of prefunding balance | 2019-12-31 | 10,399,368 |
Present value of excess contributions | 2019-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 3,990,000 |
Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
Balance of prefunding at beginning of current year | 2019-12-31 | 5,671,013 |
Total employer contributions | 2019-12-31 | 0 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 3,560,000 |
Net shortfall amortization installment of oustanding balance | 2019-12-31 | 11,326,755 |
Waiver amortization installment | 2019-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 5,400,459 |
Carryover balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 5,400,459 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
Total participants, beginning-of-year | 2019-01-01 | 4,261 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 0 |
Total of all active and inactive participants | 2019-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
Total participants | 2019-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
2018: PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN 2018 401k membership | ||
Market value of plan assets | 2018-12-31 | 343,188,078 |
Acturial value of plan assets | 2018-12-31 | 322,364,596 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 124,084,671 |
Number of terminated vested participants | 2018-12-31 | 1,402 |
Fundng target for terminated vested participants | 2018-12-31 | 66,731,509 |
Active participant vested funding target | 2018-12-31 | 117,650,964 |
Number of active participants | 2018-12-31 | 1,587 |
Total funding liabilities for active participants | 2018-12-31 | 118,479,048 |
Total participant count | 2018-12-31 | 4,284 |
Total funding target for all participants | 2018-12-31 | 309,295,228 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 10,106,219 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 0 |
Amount remaining of prefunding balance | 2018-12-31 | 10,106,219 |
Present value of excess contributions | 2018-12-31 | 9,146,219 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 9,692,248 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
Balance of prefunding at beginning of current year | 2018-12-31 | 11,768,692 |
Total employer contributions | 2018-12-31 | 0 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 2,670,000 |
Net shortfall amortization installment of oustanding balance | 2018-12-31 | 0 |
Waiver amortization installment | 2018-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 1,369,324 |
Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 1,369,324 |
Additional cash requirement | 2018-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
Total participants, beginning-of-year | 2018-01-01 | 4,284 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 1,490 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 1,315 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 1,396 |
Total of all active and inactive participants | 2018-01-01 | 4,201 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 60 |
Total participants | 2018-01-01 | 4,261 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 2 |
Measure | Date | Value |
---|---|---|
2019 : PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN 2019 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total transfer of assets from this plan | 2019-12-31 | $348,304,105 |
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 | $281,223 |
Total income from all sources (including contributions) | 2019-12-31 | $61,381,548 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $17,766,439 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $14,124,434 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $0 |
Value of total assets at end of year | 2019-12-31 | $0 |
Value of total assets at beginning of year | 2019-12-31 | $304,970,219 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $3,642,005 |
Total interest from all sources | 2019-12-31 | $5,771,533 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $1,868,531 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $1,868,531 |
Administrative expenses professional fees incurred | 2019-12-31 | $631,810 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Assets. Other investments not covered elsewhere at end of year | 2019-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2019-12-31 | $69,701,245 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $1,220,234 |
Administrative expenses (other) incurred | 2019-12-31 | $2,646,081 |
Liabilities. Value of operating payables at end of year | 2019-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $281,223 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $43,615,109 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $304,688,996 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $364,114 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $128,504,924 |
Income. Interest from corporate debt instruments | 2019-12-31 | $5,771,533 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $12,270,341 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $12,270,341 |
Asset value of US Government securities at end of year | 2019-12-31 | $0 |
Asset value of US Government securities at beginning of year | 2019-12-31 | $7,534,881 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $53,741,484 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Employer contributions (assets) at end of year | 2019-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $14,124,434 |
Asset. Corporate debt instrument debt (other) at end of year | 2019-12-31 | $0 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2019-12-31 | $79,651,604 |
Assets. Corporate common stocks other than exployer securities at end of year | 2019-12-31 | $0 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2019-12-31 | $6,086,990 |
Did the plan have assets held for investment | 2019-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | FRAZIER & DEETER, LLC |
Accountancy firm EIN | 2019-12-31 | 581433845 |
2018 : PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN 2018 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $281,223 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $5,163,653 |
Total income from all sources (including contributions) | 2018-12-31 | $-23,010,066 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $15,818,038 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $12,832,725 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $0 |
Value of total assets at end of year | 2018-12-31 | $304,970,219 |
Value of total assets at beginning of year | 2018-12-31 | $348,680,753 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $2,985,313 |
Total interest from all sources | 2018-12-31 | $4,324,921 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $4,048,890 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $4,048,890 |
Administrative expenses professional fees incurred | 2018-12-31 | $814,695 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Assets. Other investments not covered elsewhere at end of year | 2018-12-31 | $69,701,245 |
Assets. Other investments not covered elsewhere at beginning of year | 2018-12-31 | $74,405,805 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $1,220,234 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $1,098,784 |
Administrative expenses (other) incurred | 2018-12-31 | $1,717,088 |
Liabilities. Value of operating payables at end of year | 2018-12-31 | $281,223 |
Liabilities. Value of operating payables at beginning of year | 2018-12-31 | $5,163,653 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-38,828,104 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $304,688,996 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $343,517,100 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $453,530 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $128,504,924 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $145,661,357 |
Income. Interest from corporate debt instruments | 2018-12-31 | $4,324,921 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $12,270,341 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $13,294,465 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $13,294,465 |
Asset value of US Government securities at end of year | 2018-12-31 | $7,534,881 |
Asset value of US Government securities at beginning of year | 2018-12-31 | $6,455,283 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-31,383,877 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Employer contributions (assets) at end of year | 2018-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $12,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $12,832,725 |
Asset. Corporate debt instrument debt (other) at end of year | 2018-12-31 | $79,651,604 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2018-12-31 | $88,447,522 |
Assets. Corporate common stocks other than exployer securities at end of year | 2018-12-31 | $6,086,990 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2018-12-31 | $7,317,537 |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | FRAZIER & DEETER, LLC |
Accountancy firm EIN | 2018-12-31 | 581433845 |
2019: PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN 2019 form 5500 responses | ||
---|---|---|
2019-01-01 | Type of plan entity | Single employer plan |
2019-01-01 | Submission has been amended | No |
2019-01-01 | This submission is the final filing | Yes |
2019-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2019-01-01 | Plan is a collectively bargained plan | No |
2019-01-01 | Plan funding arrangement – Trust | Yes |
2019-01-01 | Plan benefit arrangement - Trust | Yes |
2018: PIEDMONT HEALTHCARE, INC. RETIREMENT PLAN 2018 form 5500 responses | ||
2018-01-01 | Type of plan entity | Single employer plan |
2018-01-01 | Submission has been amended | No |
2018-01-01 | This submission is the final filing | No |
2018-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2018-01-01 | Plan is a collectively bargained plan | No |
2018-01-01 | Plan funding arrangement – Trust | Yes |
2018-01-01 | Plan benefit arrangement - Trust | Yes |