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FORM 5500 DATA

Texas Health 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2015 $1,360,952,133
  • 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 12/31/2015

  • Active (Eligible) Participants21,430
  • Retired or separated participants receiving benefits2
  • Other retired or separated participants entitled to future benefits2,328
  • Subtotal23,760
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits7
  • Total23,767
  • Total number of participants as of 01/01/201522,958
  • Number of participants with account balances17,498
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested190

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

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? Yes
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? Yes

Financials

Income and Expense Statement

Income $159,008,035
Contributions $158,163,468
Cash Contributions $158,163,468
Cash from Employers $59,199,626
Cash from Participants $90,095,141
Others (including rollovers) $8,868,701
Noncash Contributions $0
Total Earnings on Investments $1,152,165
Total Interest $1,210,888
Interest-Bearing Cash $44,872
U.S. Government Securities $0
Corporate Debt Instruments $95
Loans (other than to participants) $0
Participant Loans $1,165,921
Interest from Other Investments $0
Total Dividends $26,224,626
Preferred Stock $0
Common Stock $17,597
Rents $0
Net gain (loss) on sale of assets $-36,622
Aggregate Proceeds $728,183
Aggregate Carrying Amount $764,805
Total Unrealized Appreciation (depreciation) of assets $280,401
Real Estate $0
Other $280,401
Net investment gain (loss) from common/collective trusts $-3,261,958
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 $-23,265,170
Other Income $-307,598
Expenses $94,347,843
Total Benefit Payments $92,739,330
Directly to participants or beneficiaries, including direct rollovers $92,739,330
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $95,372
Interest expense $0
Total Administrative Expenses $1,513,141
Professional Fees $194,013
Contract Administrator Fees $0
Investment Advisory and management fees $1,165,006
Other Administrative Fees $154,122
Net Income $64,660,192
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $1,360,952,133 $1,296,291,941 4.99%
Total noninterest-bearing cash $2,717 $0 0.0%
Receivables $0 $2,065 -100.00%
Employer Contributions $0 $947 -100.00%
Participant Contributions $0 $1,118 -100.00%
Other Contributions $0 $0 0.0%
General Investments $64,513,332 $0 0.0%
Interest-bearing cash $64,472,410 $0 0.0%
U.S. Government Securities $40,922 $0 0.0%
Corporate Debt Instruments $67,243 $0 0.0%
Preferred $0 $0 0.0%
All Other $67,243 $0 0.0%
Corporate Stocks $5,359,461 $0 0.0%
Preferred $0 $0 0.0%
Common $5,359,461 $0 0.0%
Partnership/joint venture interests $0 $73,467 -100.00%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $27,990,846 $26,235,290 6.69%
Value of interest in common/collective trusts $692,788,899 $694,320,763 -0.22%
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 $570,228,838 $566,029,363 0.74%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $797 $9,630,993 -99.99%
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 $1,360,952,133 $1,296,291,941 4.99%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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 $1,124,638 $0 $1,124,638
Callan Associates Inc Consulting fees Consultant $194,013 $0 $194,013
Jp Morgan Retirement Plan Services Non-monetary compensation, Shareholder servicing fees, Float revenue, Other investment fees and expenses Plan Administrator $115,510 $0 $115,510
Strategic Advisors, Inc. Investment advisory (plan) Advisor $40,368 $0 $40,368
Jp Morgan Securities LLC Securities brokerage, Sales loads (front end and deferred), Shareholder servicing fees, Distribution (12b-1) fees, Other investment fees and expenses Securities Broker $19,930 $0 $19,930
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $11,154 $0 $11,154
Jp Morgan Chase Bank Other fees Other $9,250 $0 $9,250
Great West Life & Annuity Ins Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees Recordkeeper $0 $0 $0
Total $1,514,863 $0 $1,514,863

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional American Capital World Grth & Inc A Sub-transfer agency fees $18.00 $0
Fidelity Investments Institutional Nicholas Equity Income Cl I Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Franklin Income Class A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Rydex Inverse S&P 500 Strategy Inv Sub-transfer agency fees 0.45% $0
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Royce Premier Fund Investment Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ridgeworth Large Cap Value Quity I Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pimco Investment Grade Corp Bond Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Tactical Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Strategic Conservative Invst Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Explorer Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Core Equity Fund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Parnassus Core Equity Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asia Dividend Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthew 25 Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Leuthold Core Investment Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Harding Loevner Emerg Mrkts Port Ad Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Guggenheim Total Return Bond Cl P Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Cohen & Steers Realty Shares Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Amana Mutual Fund Trust Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Akre Focus Fund Retail Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Artisan Intl Value Fund Inv Cl Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Pimco Income Fund Cl D Sub-transfer agency fees 0.38% $0
Fidelity Investments Institutional Third Avenue Small Cap Value Instl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Fund I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark International Cl I Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Forty Fund Cl T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Fpa Crescent Fund Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional First Eagle Global Class A Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Polaris Global Value Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Prudential Jennison Natural Resourc Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Prudential High Yield Class Z Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Pioneer Strategic Income Fd Cl Y Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Pfg Faith and Values Based Moderate Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Loomis Sayles Bond Retail Shares Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Invesco Energy Class C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Blackrock Health Sciences Opp Prt C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Touchstone Focused Class I Sub-transfer agency fees 0.07% $0
Fidelity Investments Institutional Primecap Odyssey Sto Ck Fund Sub-transfer agency fees 0.06% $0
Fidelity Investments Institutional Natixis Us Equity Opportunities Cl Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional T Rowe Price Real Estate Fund Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional T Rowe Price Media & Telecommunicat Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional T Rowe Price International Bond Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional T Rowe Price Health Sciences Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional T Rowe Price Global Technology Sub-transfer agency fees 0.04% $0
Fidelity Investments Institutional Am Cent Div Bnd Inst - American Ce Sub-transfer agency fees 0.05% $0
Fidelity Investments Institutional Am Cent Inc Grth Is - American Cen Sub-transfer agency fees 0.15% $0
Jp Morgan Securities LLC American Century Diversified Bond Securities brokerage commissions and fees .25% of Sales and .05% of Avg Daily Bal Fixed Rate $40.000 Annually $0
Jp Morgan Securities LLC American Century Income and Growth Securities brokerage commissions and fees .25% of Sales and .05% of Avg Daily Bal Fixed Rate $40.000 Annually $0
Jp Morgan Securities LLC American Funds Europacific Growth Securities brokerage commissions and fees Fixed Rate $180.000 Annually $0
Jp Morgan Securities LLC American Funds Washington Mutual Securities brokerage commissions and fees Fixed Rate $180.000 Annually $0
Jp Morgan Securities LLC Fidelity Contrafund Securities brokerage commissions and fees .20% of Sales Fixed Rate $40.000 Annually $0
Great West Life & Annuity Ins Co J.P. Morgan Securities, LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees Rate of 25% of The Fees Collected By J.P. Morgan Securities LLC $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 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $131,747,845
Smartretirement Passive Blend 2020 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $118,839,781
Smartretirement Passive Blend 2030 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $114,825,987
Smartretirement Passive Blend 2035 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $103,799,994
Smartretirement Passive Blend 2040 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $76,812,557
Smartretirement Passive Blend 2015 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $53,649,770
Smartretirement Passive Blend 2045 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $50,658,849
Smartretirement Passive Blend 2050 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $21,288,975
Smartretirement Passive Blnd Income Jp Morgan Chase Bank Na DFE: Common/Collective Trust $16,600,902
Smartretirement Passive Blend 2055 Jp Morgan Chase Bank Na DFE: Common/Collective Trust $4,564,239
Smartretirement Passive Blend 2055 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2050 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2045 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2040 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2035 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2030 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2025 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2020 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blend 2015 Texas Health Resources DFE: Common/Collective Trust $0
Smartretirement Passive Blnd Income Texas Health Resources DFE: Common/Collective Trust $0
Total $692,788,899

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.