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FORM 5500 DATA

Texas Health 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2014 $1,296,291,941
  • Plan Number8
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants20,833
  • Retired or separated participants receiving benefits527
  • Other retired or separated participants entitled to future benefits1,583
  • Subtotal22,943
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits15
  • Total22,958
  • Total number of participants as of 01/01/201422,506
  • Number of participants with account balances16,095
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested443

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address612 E. Lamar Blvd
  • CityArlington
  • StateTX
  • Zip76011
  • Telephone(682) 236-7423
  • EIN75-2702388
  • Industry Code622000
  • Named AdministratorMichelle Kirby
  • Named Plan SponsorMichelle Kirby

Plan Administrator Information

  • Administrator NameThe People and Culture Committee
  • Address612 East Lamar Blvd
  • CityArlington
  • StateTX
  • Zip76011
  • Telephone(682) 236-7232
  • Administrator EIN75-2736273

Audit Information

  • Audit StatusAudited
  • AuditorKpmg, LLP
  • Auditor EIN13-5565207
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $217,465,629
Contributions $139,008,738
Cash Contributions $139,008,738
Cash from Employers $53,667,629
Cash from Participants $80,753,502
Others (including rollovers) $4,587,607
Noncash Contributions $0
Total Earnings on Investments $77,706,416
Total Interest $1,071,355
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,071,355
Interest from Other Investments $0
Total Dividends $27,446,296
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $2,476
Aggregate Proceeds $89,324
Aggregate Carrying Amount $86,848
Total Unrealized Appreciation (depreciation) of assets $-15,361
Real Estate $0
Other $-15,361
Net investment gain (loss) from common/collective trusts $45,586,173
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $3,615,477
Other Income $750,475
Expenses $101,452,176
Total Benefit Payments $99,902,798
Directly to participants or beneficiaries, including direct rollovers $99,902,798
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $47,050
Interest expense $0
Total Administrative Expenses $1,502,328
Professional Fees $91,838
Contract Administrator Fees $0
Investment Advisory and management fees $1,275,312
Other Administrative Fees $135,178
Net Income $116,013,453
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $1,296,291,941 $1,180,278,488 9.83%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,065 $0 0.0%
Employer Contributions $947 $0 0.0%
Participant Contributions $1,118 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $35,953,464 0.0%
Interest-bearing cash $0 $35,953,464 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $73,467 $18,099 305.92%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $26,235,290 $24,627,326 6.53%
Value of interest in common/collective trusts $694,320,763 $666,065,177 4.24%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $566,029,363 $444,947,358 27.21%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $9,630,993 $8,667,064 11.12%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,296,291,941 $1,180,278,488 9.83%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group,Llc.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Jp Morgan Institutional Investments Other investment fees and expenses Advisor $1,275,312 $0 $1,275,312
Jpmorgan Retirement Plan Services Other investment fees and expenses, Shareholder servicing fees, Float revenue, Non-monetary compensation Plan Administer $151,485 $0 $151,485
Callan Associates Inc Consulting fees Consultant $91,839 $0 $91,839
Jp Morgan Securities LLC Securities brokerage, Other investment fees and expenses, Distribution (12b-1) fees, Shareholder servicing fees, Sales loads (front end and deferred) Securities Broker $25,704 $0 $25,704
Sei Trust Company Trustee (discretionary), Custodial (securities), Investment advisory (plan), Trustee (bank, trust company, or similar financial institution), Investment management Advisor To Funds $0 $0 $0
Capital Research & Management Investment management fees paid indirectly by plan, Soft dollars commissions, Sub-transfer agency fees, Distribution (12b-1) fees, Other commissions Advisor To Funds $0 $0 $0
American Century Investment Mgmnt Investment advisory (plan), Soft dollars commissions, Investment management fees paid indirectly by plan, Trustee (discretionary) Advisor To Funds $0 $0 $0
American Century Investment Service Distribution (12b-1) fees Distributor To Funds $0 $0 $0
Jp Morgan Distribution Services Investment advisory (plan), Shareholder servicing fees, Distribution (12b-1) fees, Soft dollars commissions Materials Distributor $0 $0 $0
Global Trust Company Trustee (discretionary), Soft dollars commissions, Investment management fees paid indirectly by plan Trustee To Funds $0 $0 $0
Great-West Financial Rps, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees Recordkeeper $0 $0 $0
Total $1,544,340 $0 $1,544,340

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Alliancebernstein Alliancebernstein Securities brokerage commissions and fees Rate of .2% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Allianz Allianz Securities brokerage commissions and fees Rate of .1% of Sales and .06% of Average Daily Balance of Assets $0
American Century American Century Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
American Funds American Funds Securities brokerage commissions and fees Fixed Rate $130,000 Annually $0
Blackrock Funds Blackrock Funds Securities brokerage commissions and fees Rate of .1% of Sales and .08% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Delaware Funds Delaware Funds Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Dreyfus Dreyfus Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets $0
Eaton Vance Eaton Vance Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $50,000 Annually $0
Federated Federated Securities brokerage commissions and fees Rate of .2% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Fidelity Fidelity Securities brokerage commissions and fees Rate of .2% of Sales; Fixed Rate $40,000 Annually $0
Franklin Templeton Franklin Templeton Securities brokerage commissions and fees Rate of .08% of Sales and .02%-.05% of Average Daily Balance of Assets $0
Hartford Hartford Securities brokerage commissions and fees Range of .15%-.2% of Sales and .03%-.05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Invesco Invesco Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Assets Over $600 Million $0
John Hancock Funds John Hancock Funds Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Jp Morgan Funds Jp Morgan Funds Securities brokerage commissions and fees Rate of .10%- .20% of Sales and .05% Average Daily Balance of Assets; Fixed Fixed Rate $40,000 Annually $0
MFS MFS Securities brokerage commissions and fees Rate of .1% of Sales and .05% of Average Daily Balance of Assets $0
Nuveen Nuveen Securities brokerage commissions and fees Rate of .1%-.2% of Sales and .05% of Average Daily Balance of Assets $0
Oppenheimer Oppenheimer Securities brokerage commissions and fees Rate of .06% of Average Daily Balance of Assets $0
Pacific Life Funds Pacific Life Funds Securities brokerage commissions and fees Rate of .25% of Sales and Range of .03%-.05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Pimco Pimco Securities brokerage commissions and fees Rate of .1% of Sales and .03% of Average Daily Balance of Assets $0
Principal Principal Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Putnam Putnam Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Daily Balance of Assets; Fixed Rate $40,000 Annually $0
Transamerica Capital Transamerica Capital Securities brokerage commissions and fees Rate of .25% of Sales and .05% of Average Net Assets $0
Smartretirement 2015 Smartretirement 2015 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation. Between .36%-.43% for Other Classes $0
Smartretirement 2020 Smartretirement 2020 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .46%-.56% for Other Classes $0
Smartretirement 2025 Smartretirement 2025 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .51%-.61% for Other Classes $0
Smartretirement 2030 Smartretirement 2030 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .56%-.66% for Other Classes $0
Smartretirement 2035 Smartretirement 2035 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .63%-.73% for Other Classes $0
Smartretirement 2040 Smartretirement 2040 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .65%-.75% for All Other Classes $0
Smartretirement 2045 Smartretirement 2045 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .65%-.75% for Other Classes $0
Smartretirement 2050 Smartretirement 2050 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .65%-.75% for Other Classes $0
Smartretirement 2055 Smartretirement 2055 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .65%-.75% for Other Classes $0
Smartretirement Income Smartretirement Income Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; Between .35%-.40% for Other Classes $0
Smartretirement Passive Blend 2015 Smartretirement Passive Blend 2015 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend 2020 Smartretirement Passive Blend 2020 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend 2025 Smartretirement Passive Blend 2025 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% of All Other Classes $0
Smartretirement Passive Blend 2030 Smartretirement Passive Blend 2030 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend 2035 Smartretirement Passive Blend 2035 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend 2040 Smartretirement Passive Blend 2040 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend 2045 Smartretirement Passive Blend 2045 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend 2050 Smartretirement Passive Blend 2050 Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Smartretirement Passive Blend Incom Smartretirement Passive Blend Incom Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25% for All Other Classes $0
Stable Asset Income Stable Asset Income Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .25%-.30% for Other Classes $0
Core Bond Core Bond Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .30% for All Other Classes $0
High Yield High Yield Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .50% for All Other Classes $0
International Equity Fund International Equity Fund Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .70% for All Other Classes $0
Equity Index Equity Index Shareholder servicing fees, Investment advisory (plan), Distribution (12b-1) fees, Soft dollars commissions Investment Class Treated as Direct Compensation; .10% for All Other Classes $0
American Funds American Funds Investment management fees paid indirectly by plan, Soft dollars commissions, Distribution (12b-1) fees, Sub-transfer agency fees, Other commissions Management Fee Between .19%-.79% of Average Value of Plan Assets; Sub-Transfer Agency Fees .05% Or .10% $0
American Funds American Funds Investment advisory (plan), Soft dollars commissions Unified Management Fee Based On A Percentage of Daily New Assets of Each Class of Shares In A Fund $0
American Funds American Funds Distribution (12b-1) fees Distributor of The Funds Compensation; .25% for All Other Classes $0
American Century Trust I & II American Century Trust I & II Custodial (securities), Trustee (bank, trust company, or similar financial institution), Trustee (discretionary), Investment advisory (plan), Investment management Services Are Provided Through A Bundled Service Arrangement. $0
American Century Investment Mgnt American Century Investment Mgnt Trustee (discretionary), Investment management fees paid indirectly by plan, Soft dollars commissions Formulas for Fees Are Found In Prospectus $0
J.P. Morgan Securities J.P. Morgan Securities Securities brokerage Rate of 25% of Fees Collected for Brokerage Services $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Smartretirement Passive Blend 2025 Texas Health Resources DFE: Common/Collective Trust $135,662,276
Smartretirement Passive Blend 2020 Texas Health Resources DFE: Common/Collective Trust $123,146,138
Smartretirement Passive Blend 2030 Texas Health Resources DFE: Common/Collective Trust $111,918,277
Smartretirement Passive Blend 2035 Texas Health Resources DFE: Common/Collective Trust $102,066,850
Smartretirement Passive Blend 2040 Teexas Health Resources DFE: Common/Collective Trust $74,066,138
Smartretirement Passive Blend 2015 Texas Health Resources DFE: Common/Collective Trust $59,035,184
Smartretirement Passive Blend 2045 Texas Health Resources DFE: Common/Collective Trust $47,093,884
Smartretirement Passive Blnd Income Texas Health Resources DFE: Common/Collective Trust $19,800,503
Smartretirement Passive Blend 2050 Texas Health Resources DFE: Common/Collective Trust $18,070,948
Smartretirement Passive Blend 2055 Texas Health Resources DFE: Common/Collective Trust $3,460,565
Total $694,320,763

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.