Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Memorial Hermann Health System Employees' Retirement Savings Plan

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

Sponsored by Memorial Hermann Health System Β· Texas Β· Healthcare & Social Assistance

What the 2023 filing shows

Memorial Hermann Health System Employees' Retirement Savings Plan holds $2.2B for 28,410 participants - about $77,499 per participant, down 10.8% over the 2022 plan year.

$2.2B
total plan assets (2022 EOY)
28,410
covered participants
$77,499
avg assets per participant
-10.8%
assets change YoY

The plan reported a net loss of $266M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$2.2B
Participants
28,410
State
Industry
Healthcare & Social Assistance

What the Filing Says About Memorial Hermann Health System Employees' Retirement Savings Plan

Memorial Hermann Health System Employees' Retirement Savings Plan is a Profit Sharing retirement plan sponsored by Memorial Hermann Health System, headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $2.2B in total end-of-year assets and covers 28,410 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 741152597, and the plan has been effective since 1997-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2.5B at the beginning of 2022 to $2.2B at year-end β€” a decline of 10.8%. Net assets (after liabilities) closed the year at $2.2B, with reported net income of $-266,142,551 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)$2.5B
Total Assets (End of Year)$2.2B
Net Assets (End of Year)$2.2B
Net Income$-266,142,551
Plan TypeProfit Sharing
Employer EIN741152597
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Memorial Hermann Health System)

Year Plans Participants Total Assets
2022 3 37,692 $2.9B
2023 3 39,545 $3.5B
2024 2 33,756 $3.4B

Nearby Profit Sharing Plans in Texas

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

Frequently Asked Questions

How much money is in the Memorial Hermann Health System Employees' Retirement Savings Plan?
As of the 2022 Form 5500 filing, Memorial Hermann Health System Employees' Retirement Savings Plan holds $2.2B in total assets with 28,410 participants. It is sponsored by Memorial Hermann Health System.
What type of plan is Memorial Hermann Health System Employees' Retirement Savings Plan?
Memorial Hermann Health System Employees' Retirement Savings Plan is a Profit Sharing plan. It has been effective since 1997-01-01. The plan is filed with the U.S. Department of Labor under EIN 741152597.
Who sponsors the Memorial Hermann Health System Employees' Retirement Savings Plan?
Memorial Hermann Health System Employees' Retirement Savings Plan is sponsored by Memorial Hermann Health System, located in Texas. The sponsor's EIN is 741152597 and the plan operates in the Healthcare & Social Assistance industry.
How did Memorial Hermann Health System Employees' Retirement Savings Plan perform in 2022?
Memorial Hermann Health System Employees' Retirement Savings Plan declined by 10.8% during 2022, moving from $2.5B to $2.2B in total assets. Net income was $-266,142,551.
Where can I find official filings for Memorial Hermann Health System Employees' Retirement Savings Plan?
Official Form 5500 filings for Memorial Hermann Health System Employees' Retirement Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 741152597 or plan name at efast.dol.gov.
How does Memorial Hermann Health System Employees' Retirement Savings Plan compare to other plans?
You can compare Memorial Hermann Health System Employees' Retirement Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Texas 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 741152597.

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.