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FORM 5500 DATA

Orlando Health, Inc. Retirement Savings Plan 403(b) (Plan II)

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan01/01/1988
  • Net Assets as of 12/31/2015 $478,070,363
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2015

  • Active (Eligible) Participants14,678
  • Retired or separated participants receiving benefits42
  • Other retired or separated participants entitled to future benefits2,412
  • Subtotal17,132
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits9
  • Total17,141
  • Total number of participants as of 01/01/201517,416
  • Number of participants with account balances11,458
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address1414 Kuhl Avenue
  • CityOrlando
  • StateFL
  • Zip32806-2093
  • Telephone(407) 841-5111
  • EIN59-1726273
  • Industry Code622000
  • Named AdministratorNancy Dinon

Audit Information

  • Audit StatusAudited
  • AuditorMoore Stephens Lovelace, P.A.
  • Auditor EIN59-3070669
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
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.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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 $15,000,000
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 $39,485,111
Contributions $41,400,886
Cash Contributions $41,400,886
Cash from Employers $4,377
Cash from Participants $38,573,944
Others (including rollovers) $2,822,565
Noncash Contributions $0
Total Earnings on Investments $-1,915,775
Total Interest $2,422,797
Interest-Bearing Cash $273
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $544,636
Interest from Other Investments $1,877,888
Total Dividends $25,160,599
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
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 $-29,499,171
Other Income $0
Expenses $48,444,647
Total Benefit Payments $48,101,522
Directly to participants or beneficiaries, including direct rollovers $48,101,522
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $1,407
Certain deemed distributions of participant loans $31,656
Interest expense $0
Total Administrative Expenses $310,062
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $310,062
Net Income $-8,959,536
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 $478,079,795 $487,057,982 -1.84%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,429 $100,308 -93.59%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $6,429 $100,308 -93.59%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 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 $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $13,708,610 $13,141,123 4.32%
Value of interest in common/collective trusts $0 $0 0.0%
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 $378,904,219 $389,169,285 -2.64%
Value of funds held in insurance co. general account $85,460,537 $84,647,266 0.96%
Other Investments $0 $0 0.0%
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 $9,432 $28,083 -66.41%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $22 -100.00%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $9,432 $28,061 -66.39%
Net Assets $478,070,363 $487,029,899 -1.84%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fid Inv Inst Ops Co
  • Variable Annuity Life Insurance Co

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
Fid Inv Inst Ops Co Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees, Account maintenance fees Recordkeeper $308,654 $0 $308,654
Custodial (securities), Investment management, Legal, Securities brokerage, Other services, Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Account maintenance fees, Insurance mortality and expense charge, Other investment fees and expenses, Other fees NONE $1,408 $0 $1,408
Total $310,062 $0 $310,062

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fid Inv Inst Ops Co Aston M&C Growth Is Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Lazard Emerging Markets Eq Is Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Msif Midcap Growth Is Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Dodge & Cox Sub-transfer agency fees 0.08% $0
Fid Inv Inst Ops Co Trp Retirement 2055 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement Bal Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2010 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2015 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2020 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2025 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2030 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2035 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2040 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2045 Sub-transfer agency fees 0.15% $0
Fid Inv Inst Ops Co Trp Retirement 2050 Sub-transfer agency fees 0.15% $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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Variable Annuity Life Insurance Co 1,029
EIN 74-1625348
Industry Code 70238
Contract Number 09029
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $7,970,682
Value in Separate Accounts at Year End $10,396,594
Insurance Fees and Commissions $4,808
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Rosenstock, Steven J 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $1,531 $0
Chamelin, Todd M 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $1,136 $0
Sestito, Susan G 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $552 $0
Shuman, Steven D 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $508 $0
Sorrentino, Vince 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $459 $0
Friedman, Adam M 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $166 $0
Hall, John B 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $80 $0
Norris, Michael J 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $62 $0
Kennedy, James D 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $52 $0
White, Ernest 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $47 $0
Kelly, Kathy A 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $29 $0
Newton, John M 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $28 $0
Loflin, Brendan M 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $26 $0
Kurtz, Bascom P 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $25 $0
Anderson Iii, Hugh Grant 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $21 $0
Prytherch Iii, Herbert 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $16 $0
Pierce, Richard G 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $16 $0
Lankard, Sean N 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $14 $0
Scott, Thomas C 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $14 $0
Prince, Matthew D 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $13 $0
Craft, Andrew C 2929 Allen Parkway Houston, TX 77019 Insurance Agent or Broker $13 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Deposit Administration
Balance at the end of the previous year $8,366,522
Additions $299,766
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $242,130
Transferred from separate account $57,636
Other $0
Total of Balance and Additions $8,666,288
Deductions $695,606
Disbursed from fund to pay benefits or purchase annuities during the year $678,927
Administration charge made by carrier $0
Transferred to Separate Account $16,432
Other $247
Balance at the end of the current year $7,970,682
Metropolitan Life Insurance Company 0
EIN 13-5581829
Industry Code 65978
Contract Number 1009543-02
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $77,489,855
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $76,280,744
Additions $10,757,127
Contributions Deposited during the year $9,121,472
Dividends and credits $0
Interest credited during the year $1,635,655
Transferred from separate account $0
Other $0
Total of Balance and Additions $87,037,871
Deductions $9,548,016
Disbursed from fund to pay benefits or purchase annuities during the year $9,548,016
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $77,489,855