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INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 401k Plan overview

Plan NameINSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN
Plan identification number 018

INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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

INSPIRA MEDICAL CENTERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:INSPIRA MEDICAL CENTERS, INC.
Employer identification number (EIN):210634484
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182022-01-01
0182021-01-01
0182020-01-01
0182019-01-01

Plan Statistics for INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN

401k plan membership statisitcs for INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN

Measure Date Value
2022: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-3157,077,626
Acturial value of plan assets2022-12-3157,679,061
Funding target for retired participants and beneficiaries receiving payment2022-12-3113,170,244
Number of terminated vested participants2022-12-31309
Fundng target for terminated vested participants2022-12-3113,810,091
Active participant vested funding target2022-12-3119,629,090
Number of active participants2022-12-31474
Total funding liabilities for active participants2022-12-3119,729,943
Total participant count2022-12-311,040
Total funding target for all participants2022-12-3146,710,278
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3110,367,630
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 balance2022-12-3110,367,630
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-3110,089,778
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-31380,000
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 year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-011,055
Total number of active participants reported on line 7a of the Form 55002022-01-01425
Number of retired or separated participants receiving benefits2022-01-01240
Number of other retired or separated participants entitled to future benefits2022-01-01309
Total of all active and inactive participants2022-01-01974
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0125
Total participants2022-01-01999
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-3162,717,727
Acturial value of plan assets2021-12-3158,758,428
Funding target for retired participants and beneficiaries receiving payment2021-12-3113,811,444
Number of terminated vested participants2021-12-31326
Fundng target for terminated vested participants2021-12-3113,255,458
Active participant vested funding target2021-12-3120,765,876
Number of active participants2021-12-31519
Total funding liabilities for active participants2021-12-3120,875,801
Total participant count2021-12-311,111
Total funding target for all participants2021-12-3147,942,703
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-318,370,083
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-318,370,083
Present value of excess contributions2021-12-311,463,690
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311,543,754
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-311,543,754
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-31600,000
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3110,367,630
Total employer contributions2021-12-310
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 date2021-12-310
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
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 cost2021-12-31430,000
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 year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-011,113
Total number of active participants reported on line 7a of the Form 55002021-01-01477
Number of retired or separated participants receiving benefits2021-01-01240
Number of other retired or separated participants entitled to future benefits2021-01-01312
Total of all active and inactive participants2021-01-011,029
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0126
Total participants2021-01-011,055
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-3158,189,993
Acturial value of plan assets2020-12-3156,778,581
Funding target for retired participants and beneficiaries receiving payment2020-12-3114,722,456
Number of terminated vested participants2020-12-31332
Fundng target for terminated vested participants2020-12-3113,364,923
Active participant vested funding target2020-12-3121,351,604
Number of active participants2020-12-31557
Total funding liabilities for active participants2020-12-3121,473,747
Total participant count2020-12-311,159
Total funding target for all participants2020-12-3149,561,126
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-315,953,711
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-315,953,711
Present value of excess contributions2020-12-311,466,360
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-311,548,916
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-311,548,916
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 year2020-12-318,370,083
Total employer contributions2020-12-312,000,000
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 date2020-12-311,933,690
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 cost2020-12-31470,000
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31470,000
Additional cash requirement2020-12-31470,000
Contributions allocatedtoward minimum required contributions for current year2020-12-311,933,690
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-011,160
Total number of active participants reported on line 7a of the Form 55002020-01-01519
Number of retired or separated participants receiving benefits2020-01-01251
Number of other retired or separated participants entitled to future benefits2020-01-01319
Total of all active and inactive participants2020-01-011,089
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0124
Total participants2020-01-011,113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-3153,010,600
Acturial value of plan assets2019-12-3155,104,224
Funding target for retired participants and beneficiaries receiving payment2019-12-3115,716,953
Number of terminated vested participants2019-12-31356
Fundng target for terminated vested participants2019-12-3112,293,441
Active participant vested funding target2019-12-3122,325,131
Number of active participants2019-12-31597
Total funding liabilities for active participants2019-12-3122,454,459
Total participant count2019-12-311,235
Total funding target for all participants2019-12-3150,464,853
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-314,491,779
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 balance2019-12-314,491,779
Present value of excess contributions2019-12-311,459,768
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,544,581
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-311,544,581
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 year2019-12-315,953,711
Total employer contributions2019-12-312,000,000
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 date2019-12-311,931,360
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 cost2019-12-31465,000
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31465,000
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31465,000
Contributions allocatedtoward minimum required contributions for current year2019-12-311,931,360
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-011,232
Total number of active participants reported on line 7a of the Form 55002019-01-01557
Number of retired or separated participants receiving benefits2019-01-01253
Number of other retired or separated participants entitled to future benefits2019-01-01327
Total of all active and inactive participants2019-01-011,137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0123
Total participants2019-01-011,160

Financial Data on INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN

Measure Date Value
2022 : INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-8,722,058
Total unrealized appreciation/depreciation of assets2022-12-31$-8,722,058
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-8,216,081
Total loss/gain on sale of assets2022-12-31$-539,516
Total of all expenses incurred2022-12-31$4,593,947
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,305,182
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$44,267,598
Value of total assets at beginning of year2022-12-31$57,077,626
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$288,765
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,045,493
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,045,493
Administrative expenses professional fees incurred2022-12-31$67,132
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$101,126
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$83,919
Administrative expenses (other) incurred2022-12-31$91,520
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-12,810,028
Value of net assets at end of year (total assets less liabilities)2022-12-31$44,267,598
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$57,077,626
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$130,113
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$31,179,993
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$41,793,657
Asset value of US Government securities at end of year2022-12-31$12,986,479
Asset value of US Government securities at beginning of year2022-12-31$15,200,050
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,305,182
Contract administrator fees2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$-539,516
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY US LLP
Accountancy firm EIN2022-12-31390859910
2021 : INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-2,342,689
Total unrealized appreciation/depreciation of assets2021-12-31$-2,342,689
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$-1,620,635
Total loss/gain on sale of assets2021-12-31$-995,994
Total of all expenses incurred2021-12-31$4,020,193
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,647,286
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$57,077,626
Value of total assets at beginning of year2021-12-31$62,718,454
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$372,907
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,032,360
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$1,032,360
Administrative expenses professional fees incurred2021-12-31$114,025
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
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$0
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$1,161,004
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$83,919
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$110,867
Other income not declared elsewhere2021-12-31$685,688
Administrative expenses (other) incurred2021-12-31$95,546
Liabilities. Value of operating payables at end of year2021-12-31$0
Liabilities. Value of operating payables at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-5,640,828
Value of net assets at end of year (total assets less liabilities)2021-12-31$57,077,626
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$62,718,454
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$152,769
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$41,793,657
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$53,598,347
Asset value of US Government securities at end of year2021-12-31$15,200,050
Asset value of US Government securities at beginning of year2021-12-31$7,348,236
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
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$0
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,647,286
Contract administrator fees2021-12-31$10,567
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$-995,994
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31WITHUM SMITH AND BROWN
Accountancy firm EIN2021-12-31222027092
2020 : INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$232,368
Total unrealized appreciation/depreciation of assets2020-12-31$232,368
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$9,131,763
Total loss/gain on sale of assets2020-12-31$5,075,908
Total of all expenses incurred2020-12-31$4,603,677
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$4,183,671
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,000,000
Value of total assets at end of year2020-12-31$62,718,454
Value of total assets at beginning of year2020-12-31$58,190,368
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$420,006
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,396,537
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$1,396,537
Administrative expenses professional fees incurred2020-12-31$120,682
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
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$1,161,004
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$1,134,969
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$110,867
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$110,461
Other income not declared elsewhere2020-12-31$426,950
Administrative expenses (other) incurred2020-12-31$96,197
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$4,528,086
Value of net assets at end of year (total assets less liabilities)2020-12-31$62,718,454
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$58,190,368
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$172,606
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$53,598,347
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$46,066,583
Value of interest in common/collective trusts at end of year2020-12-31$0
Value of interest in common/collective trusts at beginning of year2020-12-31$3,239,622
Asset value of US Government securities at end of year2020-12-31$7,348,236
Asset value of US Government securities at beginning of year2020-12-31$7,138,733
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
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$2,000,000
Employer contributions (assets) at end of year2020-12-31$500,000
Employer contributions (assets) at beginning of year2020-12-31$500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$4,183,671
Contract administrator fees2020-12-31$30,521
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$5,075,908
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31WITHUM SMITH AND BROWN
Accountancy firm EIN2020-12-31222027092
2019 : INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$2,754,072
Total unrealized appreciation/depreciation of assets2019-12-31$2,754,072
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$9,495,985
Total loss/gain on sale of assets2019-12-31$2,990,169
Total of all expenses incurred2019-12-31$4,316,681
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,796,733
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,000,000
Value of total assets at end of year2019-12-31$58,190,368
Value of total assets at beginning of year2019-12-31$53,011,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$519,948
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,351,577
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$1,351,577
Administrative expenses professional fees incurred2019-12-31$67,740
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
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$1,134,969
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$1,863,862
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$110,461
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$97,917
Other income not declared elsewhere2019-12-31$400,167
Administrative expenses (other) incurred2019-12-31$161,156
Liabilities. Value of operating payables at end of year2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$5,179,304
Value of net assets at end of year (total assets less liabilities)2019-12-31$58,190,368
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$53,011,064
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$228,162
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$46,066,583
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$39,261,039
Value of interest in common/collective trusts at end of year2019-12-31$3,239,622
Value of interest in common/collective trusts at beginning of year2019-12-31$3,026,339
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$15,175
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$15,175
Asset value of US Government securities at end of year2019-12-31$7,138,733
Asset value of US Government securities at beginning of year2019-12-31$8,246,732
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$2,000,000
Employer contributions (assets) at end of year2019-12-31$500,000
Employer contributions (assets) at beginning of year2019-12-31$500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,796,733
Contract administrator fees2019-12-31$62,890
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
Aggregate proceeds on sale of assets2019-12-31$2,990,169
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 name2019-12-31WITHUM SMITH AND BROWN
Accountancy firm EIN2019-12-31222027092

Form 5500 Responses for INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN

2022: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INSPIRA MEDICAL CENTERS, INC. CASH BALANCE RETIREMENT PLAN 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 planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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