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FORM 5500 DATA

Spokane Methodist Homes, Inc. Employee Retirement Savings Plan

Overview

Plan Information

  • Plan Year06/01/2017 — 05/31/2018
  • Date of Plan06/01/1987
  • Net Assets as of 05/31/2018 $6,362,225
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 05/31/2018

  • Active (Eligible) Participants398
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits245
  • Subtotal643
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total645
  • Total number of participants as of 06/01/2017572
  • Number of participants with account balances524
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested99

Expenses

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

Sponsor Information

  • Address2903 E. 25th Avenue
  • CitySpokane
  • StateWA
  • Zip99223
  • Telephone(509) 536-6825
  • EIN91-0715658
  • Industry Code623000
  • Named AdministratorJames Maxwell

Audit Information

  • Audit StatusAudited
  • AuditorAnstasi, Moore & Martin, PLLC
  • Auditor EIN20-8149084
  • 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.
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.
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.
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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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 $1,142,664
Contributions $746,757
Cash Contributions $746,757
Cash from Employers $114,497
Cash from Participants $632,260
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $395,907
Total Interest $2,943
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,943
Interest from Other Investments $0
Total Dividends $178,310
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 $214,654
Other Income $0
Expenses $105,417
Total Benefit Payments $77,164
Directly to participants or beneficiaries, including direct rollovers $77,164
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,340
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $25,913
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $25,913
Net Income $1,037,247
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

05/31/2018 05/31/2017 Change YOY
Total Assets $6,370,330 $5,324,978 19.63%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $89,482 $0 0.0%
Interest-bearing cash $89,482 $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 $74,979 $55,395 35.35%
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 $6,205,869 $5,269,583 17.77%
Value of funds held in insurance co. general account $0 $0 0.0%
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 $8,105 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $8,105 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $6,362,225 $5,324,978 19.48%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

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
T Rowe Price Rps, Inc Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Other services, Redemption fees, Distribution (12b-1) fees, Trustee (bank, trust company, or similar financial institution), Participant loan processing, Direct payment from the plan, Shareholder servicing fees, Recordkeeping fees, Trustee (directed), Participant communication, Investment management fees paid indirectly by plan, Float revenue, Account maintenance fees NONE $19,315 $0 $19,315
Met West Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
American Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Legg Mason Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Wells Fargo Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Victory Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Vanguard Group Investment management, Shareholder servicing fees NONE $0 $0 $0
Lord Abbett Investment management, Shareholder servicing fees NONE $0 $0 $0
Hartford Mutual Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Cohen & Steers Funds Investment management, Shareholder servicing fees NONE $0 $0 $0
Fidelity Investment management NONE $0 $0 $0
Total $19,315 $0 $19,315

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
T Rowe Price Rps,Inc Met West Total Return Bond I Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.10% $0
T Rowe Price Rps,Inc American Funds Europac Grw R6 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Clearbridge Large Cap Growth I Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.15% $0
T Rowe Price Rps,Inc Wells Fargo Spec Sm Cp Val Inst Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.15% $0
T Rowe Price Rps,Inc Victory Sycamore Est Value I Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.10% $0
T Rowe Price Rps,Inc Vanguard 500 Index Admiral Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Vanguard Small Cap Index Adm Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Vanguard Mid Cap Index Adm Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Vanguard Ttl Bond Mkt Idx Adm Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Lord Abbett High Yield R6 Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Hartford Midcap R6 Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Cohen & Steers Real Est Sec Z Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Fidelity Total Intl Index Prem Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication, Shareholder servicing fees, Trustee (bank, trust company, or similar financial institution), Other services, Float revenue, Trustee (directed), Direct payment from the plan, Distribution (12b-1) fees, Investment management, Investment management fees paid indirectly by plan, Recordkeeping fees, Participant loan processing, Redemption fees, Account maintenance fees Fee for Shareholder Servicing Based Upon 0.00% $0
T Rowe Price Rps,Inc Met West Total Return Bond I Investment management, Shareholder servicing fees, Redemption fees Investment Management Fee Based Upon 0.44% $0
T Rowe Price Rps,Inc American Funds Europac Grw R6 Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.50% $0
T Rowe Price Rps,Inc Clearbridge Large Cap Growth I Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.75% $0
T Rowe Price Rps,Inc Wells Fargo Spec Sm Cp Val Inst Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.95% $0
T Rowe Price Rps,Inc Victory Sycamore Est Value I Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.69% $0
T Rowe Price Rps,Inc Vanguard 500 Index Admiral Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.04% $0
T Rowe Price Rps,Inc Vanguard Small Cap Index Adm Shareholder servicing fees Investment Management Fee Based Upon 0.06% $0
T Rowe Price Rps,Inc Vanguard Mid Cap Index Adm Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.06% $0
T Rowe Price Rps,Inc Vanguard Ttl Bond Mkt Idx Adm Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.05% $0
T Rowe Price Rps,Inc Lord Abbett High Yield R6 Investment management Investment Management Fee Based Upon 0.62% $0
T Rowe Price Rps,Inc Hartford Midcap R6 Investment management, Shareholder servicing fees Investment Management Fee Based Upon 0.76% $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

There are no insurance carriers listed for this plan.