Defined Benefit (Pension)
2024 plan-year Defined Benefit (Pension) DOL Form 5500

Scotland Health Care System Employees' Pension Plan

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

Sponsored by Scotland Health Care System · North Carolina · Healthcare & Social Assistance

What the 2023 filing shows

Scotland Health Care System Employees' Pension Plan holds $5M for 305 participants — about $17,417 per participant, down 86.0% over the 2024 plan year.

$5M
total plan assets (2024 EOY)
305
covered participants
$17,417
avg assets per participant
-86.0%
assets change YoY

The plan reported a net loss of $33M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$5M
Participants
305
Industry
Healthcare & Social Assistance

What the Filing Says About Scotland Health Care System Employees' Pension Plan

Scotland Health Care System Employees' Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Scotland Health Care System, headquartered in North Carolina. As of the 2024 Form 5500 filing, the plan reports $5M in total end-of-year assets and covers 305 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 581847657, and the plan has been effective since 1971-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $38M at the beginning of 2024 to $5M at year-end — a decline of 86.0%. Net assets (after liabilities) closed the year at $5M, with reported net income of $-32,663,697 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)$38M
Total Assets (End of Year)$5M
Net Assets (End of Year)$5M
Net Income$-32,663,697
Plan TypeDefined Benefit (Pension)
Employer EIN581847657
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Scotland Health Care System)

Year Plans Participants Total Assets
2022 1 369 $59M
2023 1 336 $38M
2024 1 305 $5M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Frequently Asked Questions

How much money is in the Scotland Health Care System Employees' Pension Plan?
As of the 2024 Form 5500 filing, Scotland Health Care System Employees' Pension Plan holds $5M in total assets with 305 participants. It is sponsored by Scotland Health Care System.
What type of plan is Scotland Health Care System Employees' Pension Plan?
Scotland Health Care System Employees' Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1971-01-01. The plan is filed with the U.S. Department of Labor under EIN 581847657.
Who sponsors the Scotland Health Care System Employees' Pension Plan?
Scotland Health Care System Employees' Pension Plan is sponsored by Scotland Health Care System, located in North Carolina. The sponsor's EIN is 581847657 and the plan operates in the Healthcare & Social Assistance industry.
How did Scotland Health Care System Employees' Pension Plan perform in 2024?
Scotland Health Care System Employees' Pension Plan declined by 86.0% during 2024, moving from $38M to $5M in total assets. Net income was $-32,663,697.
Where can I find official filings for Scotland Health Care System Employees' Pension Plan?
Official Form 5500 filings for Scotland Health Care System Employees' Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 581847657 or plan name at efast.dol.gov.
How does Scotland Health Care System Employees' Pension Plan compare to other plans?
You can compare Scotland Health Care System Employees' Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in North Carolina 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 581847657.

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.