401(k)
2022 plan-year 401(k) DOL Form 5500

Mercy Medical Center, Inc. Retirement Savings Plan

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

Sponsored by Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc. ยท Ohio ยท Healthcare & Social Assistance

What the 2023 filing shows

Mercy Medical Center, Inc. Retirement Savings Plan holds $228M for 2,825 participants - about $80,794 per participant, down 21.4% over the 2022 plan year.

$228M
total plan assets (2022 EOY)
2,825
covered participants
$80,794
avg assets per participant
-21.4%
assets change YoY

The plan reported a net loss of $62M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$228M
Participants
2,825
State
Industry
Healthcare & Social Assistance

What the Filing Says About Mercy Medical Center, Inc. Retirement Savings Plan

Mercy Medical Center, Inc. Retirement Savings Plan is a 401(k) retirement plan sponsored by Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc., headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $228M in total end-of-year assets and covers 2,825 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 341893439, and the plan has been effective since 1999-06-12. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $291M at the beginning of 2022 to $228M at year-end โ€” a decline of 21.4%. Net assets (after liabilities) closed the year at $228M, with reported net income of $-62,299,451 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 1 prior plan-year filing 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 โ€” 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)$291M
Total Assets (End of Year)$228M
Net Assets (End of Year)$228M
Net Income$-62,299,451
Plan Type401(k)
Employer EIN341893439
Plan Effective Date1999-06-12
Filing StatusFILING RECEIVED

Sponsor Plan History (Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc.)

Year Plans Participants Total Assets
2022 1 2,825 $228M
2023 2 5,844 $255M

Nearby 401(k) Plans in Ohio

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Frequently Asked Questions

How much money is in the Mercy Medical Center, Inc. Retirement Savings Plan?
As of the 2022 Form 5500 filing, Mercy Medical Center, Inc. Retirement Savings Plan holds $228M in total assets with 2,825 participants. It is sponsored by Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc..
What type of plan is Mercy Medical Center, Inc. Retirement Savings Plan?
Mercy Medical Center, Inc. Retirement Savings Plan is a 401(k) plan. It has been effective since 1999-06-12. The plan is filed with the U.S. Department of Labor under EIN 341893439.
Who sponsors the Mercy Medical Center, Inc. Retirement Savings Plan?
Mercy Medical Center, Inc. Retirement Savings Plan is sponsored by Cleveland Clinic Mercy Hospital Fka Mercy Medical Center Inc., located in Ohio. The sponsor's EIN is 341893439 and the plan operates in the Healthcare & Social Assistance industry.
How did Mercy Medical Center, Inc. Retirement Savings Plan perform in 2022?
Mercy Medical Center, Inc. Retirement Savings Plan declined by 21.4% during 2022, moving from $291M to $228M in total assets. Net income was $-62,299,451.
Where can I find official filings for Mercy Medical Center, Inc. Retirement Savings Plan?
Official Form 5500 filings for Mercy Medical Center, Inc. Retirement Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 341893439 or plan name at efast.dol.gov.
How does Mercy Medical Center, Inc. Retirement Savings Plan compare to other plans?
You can compare Mercy Medical Center, Inc. Retirement Savings Plan against other 401(k) 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) โ€” original filing retrieval by EIN 341893439.

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

Reference: IRS Publication 590-B โ€” 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.