Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan

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

Sponsored by Summit Health Care Regional Medical Center · Arizona · Healthcare & Social Assistance

What the 2023 filing shows

Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan holds $48M for 1,220 participants — about $39,457 per participant, down 18.6% over the 2022 plan year.

$48M
total plan assets (2022 EOY)
1,220
covered participants
$39,457
avg assets per participant
-18.6%
assets change YoY

The plan reported a net loss of $11M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$48M
Participants
1,220
State
Industry
Healthcare & Social Assistance

What the Filing Says About Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan

Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan is a Profit Sharing retirement plan sponsored by Summit Health Care Regional Medical Center, headquartered in Arizona. As of the 2022 Form 5500 filing, the plan reports $48M in total end-of-year assets and covers 1,220 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 860320447, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $59M at the beginning of 2022 to $48M at year-end — a decline of 18.6%. Net assets (after liabilities) closed the year at $48M, with reported net income of $-11,022,606 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)$59M
Total Assets (End of Year)$48M
Net Assets (End of Year)$48M
Net Income$-11,022,606
Plan TypeProfit Sharing
Employer EIN860320447
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Summit Health Care Regional Medical Center)

Year Plans Participants Total Assets
2022 1 1,220 $48M
2023 1 1,183 $51M
2024 1 1,276 $56M

Nearby Profit Sharing Plans in Arizona

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Frequently Asked Questions

How much money is in the Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan?
As of the 2022 Form 5500 filing, Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan holds $48M in total assets with 1,220 participants. It is sponsored by Summit Health Care Regional Medical Center.
What type of plan is Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan?
Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan is a Profit Sharing plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 860320447.
Who sponsors the Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan?
Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan is sponsored by Summit Health Care Regional Medical Center, located in Arizona. The sponsor's EIN is 860320447 and the plan operates in the Healthcare & Social Assistance industry.
How did Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan perform in 2022?
Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan declined by 18.6% during 2022, moving from $59M to $48M in total assets. Net income was $-11,022,606.
Where can I find official filings for Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan?
Official Form 5500 filings for Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 860320447 or plan name at efast.dol.gov.
How does Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan compare to other plans?
You can compare Summit Health Care Regional Medical Center Performance Based Flexible Contribution Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Arizona 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) — original filing retrieval by EIN 860320447.

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.