Shands Healthcare Pension Plan II

Defined Benefit (Pension) · DOL Form 5500 · 2023

What the Filing Says About Shands Healthcare Pension Plan II

Shands Healthcare Pension Plan II is a Defined Benefit (Pension) retirement plan sponsored by Shands Teaching Hospital and Clinics, Inc., headquartered in Florida. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $999M in total end-of-year assets and covers 2,422 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 591943502, and the plan has been effective since 2018-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets held essentially flat from $997M at the beginning of 2023 to $999M at year-end - up 0.2%. Net assets (after liabilities) closed the year at $907M, with reported net income of -$7M 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.

Across the 3 plan years Shands Teaching Hospital and Clinics, Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $1.8B to $1.1B, a decline of 39.1%, while reported participants moved from 22,571 to 22,263 (-1.4%). The strongest year on file by total sponsor assets was 2023 at $2.0B; the softest was 2024 at $1.1B. Year-by-year, sponsor-wide filings show: 2022 - $1.8B in assets across 3 plans covering 22,571 participants; 2023 - $2.0B in assets across 3 plans covering 23,391 participants; 2024 - $1.1B in assets across 2 plans covering 22,263 participants.

By assets, Shands Healthcare Pension Plan II outranks 99% of the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 10.0x the national average plan size of $100M and 730 average participants.

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.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Shands Healthcare Pension Plan II against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.