Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Pension Plan of Children's Hospital Medical Center of Akron

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

Sponsored by Children's Hospital Medical Center of Akron Β· Ohio Β· Healthcare & Social Assistance

What the 2023 filing shows

Pension Plan of Children's Hospital Medical Center of Akron holds $201M for 1,037 participants - about $194,038 per participant, down 37.7% over the 2022 plan year.

$201M
total plan assets (2022 EOY)
1,037
covered participants
$194,038
avg assets per participant
-37.7%
assets change YoY

The plan reported a net loss of $122M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$201M
Participants
1,037
State
Industry
Healthcare & Social Assistance

What the Filing Says About Pension Plan of Children's Hospital Medical Center of Akron

Pension Plan of Children's Hospital Medical Center of Akron is a Defined Benefit (Pension) retirement plan sponsored by Children's Hospital Medical Center of Akron, headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $201M in total end-of-year assets and covers 1,037 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 340714357, and the plan has been effective since 1961-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $323M at the beginning of 2022 to $201M at year-end β€” a decline of 37.7%. Net assets (after liabilities) closed the year at $201M, with reported net income of $-121,559,062 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 β€” 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)$323M
Total Assets (End of Year)$201M
Net Assets (End of Year)$201M
Net Income$-121,559,062
Plan TypeDefined Benefit (Pension)
Employer EIN340714357
Plan Effective Date1961-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Children's Hospital Medical Center of Akron)

Year Plans Participants Total Assets
2022 3 12,062 $757M
2023 4 13,466 $667M
2024 2 14,363 $788M

Nearby Defined Benefit (Pension) Plans in Ohio

Peer Defined Benefit (Pension) plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Pension Plan of Children's Hospital Medical Center of Akron?
As of the 2022 Form 5500 filing, Pension Plan of Children's Hospital Medical Center of Akron holds $201M in total assets with 1,037 participants. It is sponsored by Children's Hospital Medical Center of Akron.
What type of plan is Pension Plan of Children's Hospital Medical Center of Akron?
Pension Plan of Children's Hospital Medical Center of Akron is a Defined Benefit (Pension) plan. It has been effective since 1961-01-01. The plan is filed with the U.S. Department of Labor under EIN 340714357.
Who sponsors the Pension Plan of Children's Hospital Medical Center of Akron?
Pension Plan of Children's Hospital Medical Center of Akron is sponsored by Children's Hospital Medical Center of Akron, located in Ohio. The sponsor's EIN is 340714357 and the plan operates in the Healthcare & Social Assistance industry.
How did Pension Plan of Children's Hospital Medical Center of Akron perform in 2022?
Pension Plan of Children's Hospital Medical Center of Akron declined by 37.7% during 2022, moving from $323M to $201M in total assets. Net income was $-121,559,062.
Where can I find official filings for Pension Plan of Children's Hospital Medical Center of Akron?
Official Form 5500 filings for Pension Plan of Children's Hospital Medical Center of Akron are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 340714357 or plan name at efast.dol.gov.
How does Pension Plan of Children's Hospital Medical Center of Akron compare to other plans?
You can compare Pension Plan of Children's Hospital Medical Center of Akron against other Defined Benefit (Pension) plans on the plan type page, or view plans in Ohio on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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) β€” original filing retrieval by EIN 340714357.

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

Reference: IRS Publication 590-B β€” 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.