Profit Sharing ยท DOL Form 5500 ยท 2022

Mgh 403(b) Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$59M
Total assets
1,147
Participants
82th
Percentile by assets

Sponsored by Marion General Hospital, Inc. ยท Indiana ยท Healthcare & Social Assistance

What the 2022 filing shows

Mgh 403(b) Retirement Plan holds $59M for 1,147 participants - about $51,439 per participant, in the top quartile of all filed plans by assets, down 10.1% over the 2022 plan year.

$59M
total plan assets (2022 EOY)
1,147
covered participants
82th
percentile by assets (of 84,055 plans)
$51,439
avg assets per participant

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$59M
Participants
1,147
State
Industry
Healthcare & Social Assistance

What the Filing Says About Mgh 403(b) Retirement Plan

Mgh 403(b) Retirement Plan is a Profit Sharing retirement plan sponsored by Marion General Hospital, Inc., headquartered in Indiana. As of the 2022 Form 5500 filing, the plan reports $59M in total end-of-year assets and covers 1,147 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 350868130, and the plan has been effective since 2007-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $66M at the beginning of 2022 to $59M at year-end - a decline of 10.1%. Net assets (after liabilities) closed the year at $59M, with reported net income of $-6,592,098 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$66M
Total Assets (End of Year)$59M
Net Assets (End of Year)$59M
Net Income$-6,592,098
Plan TypeProfit Sharing
Employer EIN350868130
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Marion General Hospital, Inc.)

Year Plans Participants Total Assets
2022 2 1,341 $119M
2023 2 1,286 $124M
2024 1 1,166 $74M

Nearby Profit Sharing Plans in Indiana

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Mgh 403(b) Retirement Plan?
As of the 2022 Form 5500 filing, Mgh 403(b) Retirement Plan holds $59M in total assets with 1,147 participants. It is sponsored by Marion General Hospital, Inc..
What type of plan is Mgh 403(b) Retirement Plan?
Mgh 403(b) Retirement Plan is a Profit Sharing plan. It has been effective since 2007-01-01. The plan is filed with the U.S. Department of Labor under EIN 350868130.
Who sponsors the Mgh 403(b) Retirement Plan?
Mgh 403(b) Retirement Plan is sponsored by Marion General Hospital, Inc., located in Indiana. The sponsor's EIN is 350868130 and the plan operates in the Healthcare & Social Assistance industry.
How did Mgh 403(b) Retirement Plan perform in 2022?
Mgh 403(b) Retirement Plan declined by 10.1% during 2022, moving from $66M to $59M in total assets. Net income was $-6,592,098.
Where can I find official filings for Mgh 403(b) Retirement Plan?
Official Form 5500 filings for Mgh 403(b) Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 350868130 or plan name at efast.dol.gov.
How does Mgh 403(b) Retirement Plan compare to other plans?
You can compare Mgh 403(b) Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Indiana on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350868130.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.