Michigan › Health care and social assistance › 100 to 249 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Carelink of Jackson Tax Deferred Annuity Plan
Sponsored by Carelink of Jackson, a Community-Owned Specialty Hospital, Jackson, MI
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.
Carelink of Jackson, a Community-Owned Specialty Hospital of Jackson, Michigan sponsors Carelink of Jackson Tax Deferred Annuity Plan, a 403(b) plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 196 participants (0 active) and $2.0M in net assets.
Net assets came to $10,137 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 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.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $886: $4.52 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $886. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.3M in 2009 to $2.0M in 2024 (down 14%), and participants from 290 to 196 (down 32%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $10,137 | $60,185 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $1,536 | $2,175 |
| Schedule C compensation per participant | $4.52 | $194 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.04% | 0.32% | 0.31% | 0.26% |
| Administrative expenses per participant | $4.52 | $176 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 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 | 196 | $2.0M | $10,138 | — | — | $1,000 |
| 2023 | 206 | $2.1M | $10,010 | — | — | $2,000 |
| 2022 | 216 | $2.1M | $9,583 | — | — | $3,000 |
| 2021 | 237 | $1.9M | $8,084 | — | — | $3,000 |
| 2020 | 237 | $2.6M | $10,878 | — | — | $4,000 |
| 2019 | 251 | $2.7M | $10,833 | — | — | $4,000 |
| 2018 | 266 | $2.7M | $10,120 | — | — | $5,000 |
| 2017 | 285 | $2.9M | $10,337 | $24K | $33K | $5,000 |
| 2016 | 302 | $2.9M | $9,675 | $104K | $127K | $4,000 |
| 2015 | 284 | $2.5M | $8,968 | $96K | $88K | $4,000 |
| 2014 | 255 | $2.4M | $9,259 | $68K | $58K | $9,000 |
| 2013 | 265 | $2.5M | $9,298 | $89K | $87K | $4,000 |
| 2012 | 259 | $2.7M | $10,425 | $78K | $96K | $6,000 |
| 2011 | 269 | $2.5M | $9,420 | $89K | $103K | $4,000 |
| 2010 | 264 | $2.3M | $8,742 | $64K | $88K | $3,000 |
| 2009 | 290 | $2.3M | $7,955 | $58K | $83K | $5,000 |
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$2,062,408
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$250,326
- Benefits paid$324,990
- Administrative expenses$886
- Total expenses$325,876
- Net income−$75,550
- Net transfers$0
- Net assets, end of year$1,986,858
Participants
- Active participants0
- Retired or separated, receiving benefits6
- Retired or separated, entitled to future benefits187
- Participants with account balances196
- Total participants, end of year196
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Variable Annuity Life Insurance Com | Investment advisory (participants); Participant loan processing; Other services; Investment management; Custodial (securities); Legal; Securities brokerage | $886 | $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$886
- Total administrative expenses$886
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)$1.6M · 78.9%
- Insurance company general account$410K · 20.6%
- Cash (interest and non-interest bearing)$9,192 · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGJC Cpa's & Advisors
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $15,000,000
- 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) 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 account3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sheridan Community Hospital 401(k) Plan | Sheridan Community Hospital | 199 | $4.2M | $21,180 |
| Naberhaus Therapy Inc. 401(k) Profit Sharing Plan & Trust | Naberhaus Therapy Inc. | 196 | $7.4M | $37,614 |
| Hulst-Jepsen Physical Therapy 401(k) Plan | Hulst-Jepsen Physical Therapy | 199 | $12.6M | $63,319 |
| The Hurley Clinic 403(b) Retirement Plan | The Hurley Clinic | 195 | $36.0M | $184,819 |
| 403(b) Retirement Plan of Pioneer Resources, Inc. | Pioneer Resources, Inc. | 201 | $1.9M | $9,408 |
| Northwest Michigan Surgery Center 401(k) Plan and Trust | Northwest Michigan Surgery Center | 193 | $9.7M | $50,086 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Carelink of Jackson Tax Deferred Annuity Plan?
196 participants at the end of the plan year ending 30 Sep 2025, of whom 0 were active employees, with net assets of $1,986,858. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Carelink of Jackson, a Community-Owned Specialty Hospital contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $886 in compensation to service provider organisations, $4.52 per participant or 0.04% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $886. 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 Carelink of Jackson, a Community-Owned Specialty Hospital. Recordkeeping or administration: Variable Annuity Life Insurance Com. Investment advisory or management: Variable Annuity Life Insurance Com. Trustee or custodian: Variable Annuity Life Insurance Com. The financial statements were audited by GJC Cpa's & Advisors. 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 unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 8 May 2026. 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 38-1218485, plan 001, received 8 May 2026; 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.