Indiana › Health care and social assistance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Retirement Plan for the Center for Hospice and Palliative Care, Inc.
Sponsored by The Center for Hospice and Palliative Care, Inc., Mishawaka, IN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
The Center for Hospice and Palliative Care, Inc. of Mishawaka, Indiana sponsors Retirement Plan for the Center for Hospice and Palliative Care, Inc., a 403(b) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 529 participants (271 active) and $6.8M in net assets.
Net assets came to $12,937 per participant, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $115K during the year, or $426 per active participant against a same-size median of $1,934; participants contributed $522K and $121K arrived as rollovers and other contributions. Benefits paid out totalled $3.8M.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $71K.
Across the filings on record, net assets went from $3.2M in 2009 to $6.8M in 2024 (up 112%), and participants from 231 to 529 (up 129%).
The independent accountant's opinion on the financial statements was disclaimer, from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $12,937 | $46,267 | $30,764 | $53,102 |
| Employer contributions per active participant | $426 | $1,934 | $1,536 | $2,175 |
| Schedule C compensation per participant | — | $113 | $93.85 | $123 |
| Schedule C compensation, share of net assets | — | 0.25% | 0.31% | 0.26% |
| Administrative expenses per participant | $134 | $109 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 529 | $6.8M | $12,938 | $115K | $522K | $0 |
| 2023 | 259 | $9.0M | $34,691 | $99K | $427K | $111K |
| 2022 | 169 | $8.2M | $48,331 | $108K | $475K | $104K |
| 2021 | 267 | $10.0M | $37,356 | $110K | $469K | $123K |
| 2020 | 280 | $10.1M | $36,179 | $123K | $518K | $107K |
| 2019 | 303 | $9.0M | $29,752 | $114K | $477K | $103K |
| 2018 | 288 | $7.9M | $27,528 | $115K | $484K | $92K |
| 2017 | 291 | $8.1M | $27,948 | $112K | $472K | $56K |
| 2016 | 293 | $7.3M | $25,003 | $113K | $480K | $46K |
| 2015 | 282 | $6.5M | $23,170 | $105K | $437K | $32K |
| 2014 | 255 | $6.1M | $23,843 | $106K | $445K | $31K |
| 2013 | 244 | $5.5M | $22,689 | $104K | $439K | $14K |
| 2012 | 233 | $4.7M | $20,223 | $105K | $438K | $12K |
| 2011 | 203 | $4.0M | $19,793 | $109K | $469K | $9,000 |
| 2010 | 237 | $3.9M | $16,549 | $113K | $475K | $6,000 |
| 2009 | 231 | $3.2M | $13,944 | $124K | $522K | $3,000 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$8,984,677
- Employer contributions$115,384
- Participant contributions$521,931
- Rollovers and other contributions$121,457
- Total contributions$758,772
- Total income, including investment results$1,708,474
- Benefits paid$3,778,975
- Administrative expenses$70,656
- Total expenses$3,849,631
- Net income−$2,141,157
- Net transfers$0
- Net assets, end of year$6,843,520
Participants
- Active participants271
- Retired or separated, receiving benefits198
- Retired or separated, entitled to future benefits60
- Participants with account balances168
- Total participants, end of year529
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Investment management; Trustee (directed) | $0 | $0 |
| Royal Alliance Associates, Inc. | Investment advisory (plan) | $0 | $0 |
| Ascensus | Contract Administrator; Other services | $0 | $0 |
| Wilshire Associates Incorporated | Investment advisory (plan) | $0 | $0 |
| Axa Equitable Life Insurance Co. | Trustee (directed); Investment management | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$70,656
- Total administrative expenses$70,656
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$6.1M · 88.4%
- Pooled separate accounts$482K · 7.0%
- Insurance company general account$227K · 3.3%
- Participant loans$84K · 1.2%
Audit and compliance answers, as filed
- Accountant's opinionDisclaimer
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmKruggel Lawton and Company, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2LCode section 403(b)(1) arrangement (annuity contracts)2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621610: Home Health Care Services.
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Columbus Regional Health System Services 401(k) Plan | Southeastern Indiana Medical Holdings, Inc. | 540 | $29.5M | $54,639 |
| Wabash Center, Inc. 401(k) Plan | Wabash Center, Inc. | 520 | $4.2M | $8,133 |
| Rehabilitation Hospital of Indiana, Inc. Retirement Plan | Rehabilitation Hospital of Indiana, Inc. | 558 | $36.5M | $65,489 |
| Unity Healthcare 401(k) Profit Sharing Plan | Unity Healthcare, LLC | 518 | $96.8M | $186,883 |
| Orthopaedics Northeast, PC Profit Sharing Plan | Orthopaedics Northeast, PC | 565 | $104M | $184,160 |
| 403(b) Thrift Plan for Indiana Health Centers, Inc. | Indiana Health Centers, Inc. | 517 | $14.9M | $28,860 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Retirement Plan for the Center for Hospice and Palliative Care, Inc.?
529 participants at the end of the plan year ending 31 Dec 2024, of whom 271 were active employees, with net assets of $6,843,520. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does The Center for Hospice and Palliative Care, Inc. contribute per participant?
The filing reports $115,384 in employer contributions for the year, which is $426 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $70,656. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The Center for Hospice and Palliative Care, Inc.. Recordkeeping or administration: Ascensus. Investment advisory or management: Principal Life Insurance Company, Royal Alliance Associates, Inc. and Wilshire Associates Incorporated. Trustee or custodian: Principal Life Insurance Company and Axa Equitable Life Insurance Co.. The financial statements were audited by Kruggel Lawton and Company, LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an disclaimer opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. A disclaimer of opinion was the usual result of a limited-scope audit under the rules in force before 2021 and is not by itself a finding about the plan.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 2 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 31-0952866, plan 001, received 2 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.