Money Purchase Β· DOL Form 5500 Β· 2022

Madison Community Hospital Employees' Retirement Plan

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

$10M
Total assets
269
Participants
46th
Percentile by assets

Sponsored by Madison Community Hospital Β· South Dakota Β· Healthcare & Social Assistance

What the 2022 filing shows

Madison Community Hospital Employees' Retirement Plan holds $10M for 269 participants - about $38,503 per participant, in the lower half of filed plans by assets, down 8.8% over the 2022 plan year.

$10M
total plan assets (2022 EOY)
269
covered participants
46th
percentile by assets (of 84,055 plans)
$38,503
avg assets per participant

The plan reported a net loss of $996K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$10M
Participants
269
State
Industry
Healthcare & Social Assistance

What the Filing Says About Madison Community Hospital Employees' Retirement Plan

Madison Community Hospital Employees' Retirement Plan is a Money Purchase retirement plan sponsored by Madison Community Hospital, headquartered in South Dakota. As of the 2022 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 269 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 460228038, and the plan has been effective since 1984-03-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $11M at the beginning of 2022 to $10M at year-end - a decline of 8.8%. Net assets (after liabilities) closed the year at $10M, with reported net income of $-996,107 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)$11M
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$-996,107
Plan TypeMoney Purchase
Employer EIN460228038
Plan Effective Date1984-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Madison Community Hospital)

Year Plans Participants Total Assets
2022 2 538 $18M
2023 2 546 $22M
2024 2 528 $24M

Nearby Money Purchase Plans in South Dakota

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Madison Community Hospital Employees' Retirement Plan?
As of the 2022 Form 5500 filing, Madison Community Hospital Employees' Retirement Plan holds $10M in total assets with 269 participants. It is sponsored by Madison Community Hospital.
What type of plan is Madison Community Hospital Employees' Retirement Plan?
Madison Community Hospital Employees' Retirement Plan is a Money Purchase plan. It has been effective since 1984-03-01. The plan is filed with the U.S. Department of Labor under EIN 460228038.
Who sponsors the Madison Community Hospital Employees' Retirement Plan?
Madison Community Hospital Employees' Retirement Plan is sponsored by Madison Community Hospital, located in South Dakota. The sponsor's EIN is 460228038 and the plan operates in the Healthcare & Social Assistance industry.
How did Madison Community Hospital Employees' Retirement Plan perform in 2022?
Madison Community Hospital Employees' Retirement Plan declined by 8.8% during 2022, moving from $11M to $10M in total assets. Net income was $-996,107.
Where can I find official filings for Madison Community Hospital Employees' Retirement Plan?
Official Form 5500 filings for Madison Community Hospital Employees' Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 460228038 or plan name at efast.dol.gov.
How does Madison Community Hospital Employees' Retirement Plan compare to other plans?
You can compare Madison Community Hospital Employees' Retirement Plan against other Money Purchase plans on the plan type page, or view plans in South Dakota on the state page. PlainRetire tracks all 133,317 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 460228038.

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.