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CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameCENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN
Plan identification number 001

CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CENTRAL VERMONT MEDICAL CENTER has sponsored the creation of one or more 401k plans.

Company Name:CENTRAL VERMONT MEDICAL CENTER
Employer identification number (EIN):824063645
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01

Plan Statistics for CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN

401k plan membership statisitcs for CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN

Measure Date Value
2022: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-31145,069,561
Acturial value of plan assets2022-12-31140,244,428
Funding target for retired participants and beneficiaries receiving payment2022-12-3169,357,447
Number of terminated vested participants2022-12-31268
Fundng target for terminated vested participants2022-12-3112,533,159
Active participant vested funding target2022-12-3130,440,258
Number of active participants2022-12-31403
Total funding liabilities for active participants2022-12-3130,658,236
Total participant count2022-12-31960
Total funding target for all participants2022-12-31112,548,842
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3110,514,018
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3110,514,018
Present value of excess contributions2022-12-312,254,011
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-312,379,334
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-312,379,334
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3113,558,889
Total employer contributions2022-12-31140,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31134,387
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-311,327,104
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31134,387
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01960
Total number of active participants reported on line 7a of the Form 55002022-01-01451
Number of retired or separated participants receiving benefits2022-01-01525
Number of other retired or separated participants entitled to future benefits2022-01-01430
Total of all active and inactive participants2022-01-011,406
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0123
Total participants2022-01-011,429
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-31151,377,124
Acturial value of plan assets2021-12-31136,912,520
Funding target for retired participants and beneficiaries receiving payment2021-12-3172,874,748
Number of terminated vested participants2021-12-31270
Fundng target for terminated vested participants2021-12-3112,509,542
Active participant vested funding target2021-12-3132,618,549
Number of active participants2021-12-31437
Total funding liabilities for active participants2021-12-3132,860,718
Total participant count2021-12-311,109
Total funding target for all participants2021-12-31118,245,008
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-316,404,979
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-311,906,511
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-314,498,468
Present value of excess contributions2021-12-314,778,528
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-315,254,859
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-315,254,859
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3110,514,018
Total employer contributions2021-12-312,395,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-312,254,011
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-311,320,397
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-312,254,011
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-011,109
Total number of active participants reported on line 7a of the Form 55002021-01-01403
Number of retired or separated participants receiving benefits2021-01-01285
Number of other retired or separated participants entitled to future benefits2021-01-01261
Total of all active and inactive participants2021-01-01949
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0111
Total participants2021-01-01960
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-31131,438,164
Acturial value of plan assets2020-12-31125,072,110
Funding target for retired participants and beneficiaries receiving payment2020-12-3168,626,484
Number of terminated vested participants2020-12-31253
Fundng target for terminated vested participants2020-12-3110,229,123
Active participant vested funding target2020-12-3139,437,163
Number of active participants2020-12-31498
Total funding liabilities for active participants2020-12-3139,711,741
Total participant count2020-12-311,120
Total funding target for all participants2020-12-31118,567,348
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-314,008,375
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-313,257,083
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31751,292
Present value of excess contributions2020-12-314,727,932
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-315,495,390
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-315,495,390
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-316,404,979
Total employer contributions2020-12-315,100,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-314,778,528
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-312,006,294
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-311,906,511
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-311,906,511
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-314,778,528
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-011,120
Total number of active participants reported on line 7a of the Form 55002020-01-01437
Number of retired or separated participants receiving benefits2020-01-01399
Number of other retired or separated participants entitled to future benefits2020-01-01265
Total of all active and inactive participants2020-01-011,101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-018
Total participants2020-01-011,109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31110,457,747
Acturial value of plan assets2019-12-31114,105,202
Funding target for retired participants and beneficiaries receiving payment2019-12-3158,888,189
Number of terminated vested participants2019-12-31227
Fundng target for terminated vested participants2019-12-319,523,644
Active participant vested funding target2019-12-3145,153,233
Number of active participants2019-12-31576
Total funding liabilities for active participants2019-12-3145,515,864
Total participant count2019-12-311,128
Total funding target for all participants2019-12-31113,927,697
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-313,792,577
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-314,008,375
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-314,008,375
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-314,008,375
Total employer contributions2019-12-315,100,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-314,727,932
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-312,634,613
Net shortfall amortization installment of oustanding balance2019-12-313,830,870
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-313,257,083
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-313,257,083
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-314,727,932
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-011,128
Total number of active participants reported on line 7a of the Form 55002019-01-01498
Number of retired or separated participants receiving benefits2019-01-01366
Number of other retired or separated participants entitled to future benefits2019-01-01250
Total of all active and inactive participants2019-01-011,114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-016
Total participants2019-01-011,120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31116,240,428
Acturial value of plan assets2018-12-31106,737,407
Funding target for retired participants and beneficiaries receiving payment2018-12-3148,150,902
Number of terminated vested participants2018-12-31230
Fundng target for terminated vested participants2018-12-319,534,577
Active participant vested funding target2018-12-3146,691,730
Number of active participants2018-12-31629
Total funding liabilities for active participants2018-12-3147,094,186
Total participant count2018-12-311,141
Total funding target for all participants2018-12-31104,779,665
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31666,517
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31666,517
Present value of excess contributions2018-12-314,685,332
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-314,961,767
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-314,961,767
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-315,760,988
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-315,100,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-314,697,206
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-312,862,371
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31904,629
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31904,629
Contributions allocatedtoward minimum required contributions for current year2018-12-314,697,206
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-011,141
Total number of active participants reported on line 7a of the Form 55002018-01-01576
Number of retired or separated participants receiving benefits2018-01-01321
Number of other retired or separated participants entitled to future benefits2018-01-01225
Total of all active and inactive participants2018-01-011,122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-016
Total participants2018-01-011,128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013

Financial Data on CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN

Measure Date Value
2022 : CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-20,953,181
Total unrealized appreciation/depreciation of assets2022-12-31$-20,953,181
Total transfer of assets to this plan2022-12-31$12,782,519
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$28,862
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-26,206,697
Total loss/gain on sale of assets2022-12-31$-2,966,187
Total of all expenses incurred2022-12-31$6,956,535
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,377,729
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$140,000
Value of total assets at end of year2022-12-31$124,741,794
Value of total assets at beginning of year2022-12-31$145,093,645
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$578,806
Total interest from all sources2022-12-31$2,958,104
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$306,230
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$306,230
Administrative expenses professional fees incurred2022-12-31$35,880
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$5,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Assets. Other investments not covered elsewhere at end of year2022-12-31$433,056
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$566,747
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$736,187
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$645,067
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$28,862
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$349,339
Total non interest bearing cash at end of year2022-12-31$-4,890
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-33,163,232
Value of net assets at end of year (total assets less liabilities)2022-12-31$124,712,932
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$145,093,645
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$193,587
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$35,115,921
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$43,674,460
Interest earned on other investments2022-12-31$25,480
Income. Interest from US Government securities2022-12-31$130,032
Income. Interest from corporate debt instruments2022-12-31$2,802,592
Value of interest in common/collective trusts at end of year2022-12-31$1,364,789
Value of interest in common/collective trusts at beginning of year2022-12-31$2,504,995
Asset value of US Government securities at end of year2022-12-31$14,756,520
Asset value of US Government securities at beginning of year2022-12-31$19,067,665
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-5,707,210
Net investment gain or loss from common/collective trusts2022-12-31$15,547
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$140,000
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$1,120,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$6,377,729
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$6,772,734
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$7,646,490
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$65,567,477
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$69,868,221
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$33,825,541
Aggregate carrying amount (costs) on sale of assets2022-12-31$36,791,728
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2022-12-31130327374
2021 : CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-1,876,728
Total unrealized appreciation/depreciation of assets2021-12-31$-1,876,728
Total income from all sources (including contributions)2021-12-31$11,815,098
Total loss/gain on sale of assets2021-12-31$-603,648
Total of all expenses incurred2021-12-31$18,172,321
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$17,734,772
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,395,000
Value of total assets at end of year2021-12-31$145,093,645
Value of total assets at beginning of year2021-12-31$151,450,868
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$437,549
Total interest from all sources2021-12-31$2,250,244
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$618,718
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$618,718
Administrative expenses professional fees incurred2021-12-31$43,600
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Assets. Other investments not covered elsewhere at end of year2021-12-31$566,747
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$591,297
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$645,067
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$415,483
Administrative expenses (other) incurred2021-12-31$224,809
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-6,357,223
Value of net assets at end of year (total assets less liabilities)2021-12-31$145,093,645
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$151,450,868
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$169,140
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$43,674,460
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$80,961,187
Interest earned on other investments2021-12-31$25,479
Income. Interest from US Government securities2021-12-31$76,887
Income. Interest from corporate debt instruments2021-12-31$2,147,923
Value of interest in common/collective trusts at end of year2021-12-31$2,504,995
Value of interest in common/collective trusts at beginning of year2021-12-31$1,683,196
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$-45
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$11,072,054
Asset value of US Government securities at end of year2021-12-31$19,067,665
Asset value of US Government securities at beginning of year2021-12-31$12,621,986
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$9,029,233
Net investment gain or loss from common/collective trusts2021-12-31$2,279
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$2,395,000
Employer contributions (assets) at end of year2021-12-31$1,120,000
Employer contributions (assets) at beginning of year2021-12-31$3,825,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$6,662,718
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$7,646,490
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$7,218,101
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$69,868,221
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$44,134,618
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$59,901,217
Aggregate carrying amount (costs) on sale of assets2021-12-31$60,504,865
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2021-12-31130327374
2020 : CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$4,608,335
Total unrealized appreciation/depreciation of assets2020-12-31$4,608,335
Total income from all sources (including contributions)2020-12-31$26,610,090
Total loss/gain on sale of assets2020-12-31$2,165,804
Total of all expenses incurred2020-12-31$6,708,473
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$6,087,334
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$5,100,000
Value of total assets at end of year2020-12-31$151,450,868
Value of total assets at beginning of year2020-12-31$131,549,251
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$621,139
Total interest from all sources2020-12-31$1,665,617
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$741,006
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$741,006
Administrative expenses professional fees incurred2020-12-31$29,400
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Assets. Other investments not covered elsewhere at end of year2020-12-31$591,297
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$125,896,082
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$415,483
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Administrative expenses (other) incurred2020-12-31$465,474
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$19,901,617
Value of net assets at end of year (total assets less liabilities)2020-12-31$151,450,868
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$131,549,251
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$126,265
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$80,961,187
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$553,169
Interest earned on other investments2020-12-31$23,800
Income. Interest from US Government securities2020-12-31$72,566
Income. Interest from corporate debt instruments2020-12-31$1,570,728
Value of interest in common/collective trusts at end of year2020-12-31$1,683,196
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$-1,477
Asset value of US Government securities at end of year2020-12-31$12,621,986
Asset value of US Government securities at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$12,318,520
Net investment gain or loss from common/collective trusts2020-12-31$10,808
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$5,100,000
Employer contributions (assets) at end of year2020-12-31$3,825,000
Employer contributions (assets) at beginning of year2020-12-31$5,100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$6,087,334
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$7,218,101
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$44,134,618
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$26,395,712
Aggregate carrying amount (costs) on sale of assets2020-12-31$24,229,908
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2020-12-31130327374
2019 : CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$27,349,006
Total of all expenses incurred2019-12-31$6,393,025
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$5,411,325
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$5,100,000
Value of total assets at end of year2019-12-31$131,549,251
Value of total assets at beginning of year2019-12-31$110,593,270
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$981,700
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$10,830
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$10,830
Administrative expenses professional fees incurred2019-12-31$34,100
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
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
Assets. Other investments not covered elsewhere at end of year2019-12-31$125,896,082
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$104,281,603
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$389,642
Other income not declared elsewhere2019-12-31$22,237,658
Administrative expenses (other) incurred2019-12-31$947,600
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$20,955,981
Value of net assets at end of year (total assets less liabilities)2019-12-31$131,549,251
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$110,593,270
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$553,169
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$822,025
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$518
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$5,100,000
Employer contributions (assets) at end of year2019-12-31$5,100,000
Employer contributions (assets) at beginning of year2019-12-31$5,100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$5,411,325
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2019-12-31130327374
2018 : CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$-121,905
Total of all expenses incurred2018-12-31$5,663,487
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$4,993,268
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,399,279
Value of total assets at end of year2018-12-31$110,593,270
Value of total assets at beginning of year2018-12-31$116,378,662
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$670,219
Total interest from all sources2018-12-31$2,136,286
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$9,774
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$9,774
Administrative expenses professional fees incurred2018-12-31$39,550
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Assets. Other investments not covered elsewhere at end of year2018-12-31$104,281,603
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$110,755,953
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$389,642
Administrative expenses (other) incurred2018-12-31$630,669
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-5,785,392
Value of net assets at end of year (total assets less liabilities)2018-12-31$110,593,270
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$116,378,662
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$822,025
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$522,709
Interest earned on other investments2018-12-31$2,136,286
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-7,667,244
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$5,399,279
Employer contributions (assets) at end of year2018-12-31$5,100,000
Employer contributions (assets) at beginning of year2018-12-31$5,100,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$4,993,268
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2018-12-31130327374

Form 5500 Responses for CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN

2022: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: CENTRAL VERMONT MEDICAL CENTER EMPLOYEES PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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