Kentucky › Health care and social assistance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Appalachian Regional Healthcare, Inc. Retirement Plan
Sponsored by Appalachian Regional Healthcare, Inc., Hazard, KY
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.
In the plan year ending 30 Jun 2025, Appalachian Regional Healthcare, Inc. Retirement Plan covered 2,605 participants and held $124M in net assets. The plan is a defined benefit pension plan sponsored by Appalachian Regional Healthcare, Inc. of Hazard, Kentucky.
Net assets came to $47,451 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $62,049 median for defined benefit 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 3 service provider organisations paid $5,000 or more, with reported compensation of $369K: $141 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $746K. 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 $61.7M in 2009 to $124M in 2024 (up 100%), and participants from 3,227 to 2,605 (down 19%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), 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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $47,451 | $87,935 | $62,049 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $7,491 | $10,244 |
| Schedule C compensation per participant | $141 | $325 | $248 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.41% | 0.39% | 0.42% |
| Administrative expenses per participant | $286 | $513 | $427 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), health care and social assistance (542) and all US plans (5,308). 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 | 2,605 | $124M | $47,451 | — | — | $369K |
| 2023 | 2,617 | $120M | $45,857 | — | — | $295K |
| 2022 | 2,663 | $115M | $43,169 | — | — | $260K |
| 2021 | 2,687 | $112M | $41,645 | $911K | — | $205K |
| 2020 | 2,716 | $131M | $48,245 | $3.2M | — | $208K |
| 2019 | 2,751 | $112M | $40,860 | $5.1M | — | $209K |
| 2018 | 2,843 | $110M | $38,710 | $15.5M | — | $194K |
| 2017 | 2,930 | $97.0M | $33,092 | $3.0M | — | $226K |
| 2016 | 3,013 | $96.0M | $31,851 | $2.1M | — | $212K |
| 2015 | 2,977 | $90.6M | $30,431 | $2.1M | — | $288K |
| 2014 | 3,008 | $93.5M | $31,100 | $1.2M | — | $215K |
| 2013 | 3,100 | $95.7M | $30,874 | $3.0M | — | $215K |
| 2012 | 3,147 | $85.6M | $27,189 | $3.5M | — | $210K |
| 2011 | 3,166 | $78.9M | $24,908 | $6.9M | — | $175K |
| 2010 | 3,194 | $72.9M | $22,813 | $5.8M | — | $149K |
| 2009 | 3,227 | $61.7M | $19,129 | $5.0M | — | $137K |
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$120,006,787
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$220,452
- Total contributions$220,452
- Total income, including investment results$12,646,546
- Benefits paid$8,299,210
- Administrative expenses$745,560
- Total expenses$9,044,770
- Net income$3,601,776
- Net transfers$0
- Net assets, end of year$123,608,563
Participants
- Active participants355
- Retired or separated, receiving benefits1,187
- Retired or separated, entitled to future benefits889
- Total participants, end of year2,605
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Charles Schwab Bank | Recordkeeping and information management | $201,735 | $0 |
| Transamerica Retirement Solutions | Actuarial; Claims processing; Recordkeeping and information management; Investment management; Participant communication | $119,885 | $0 |
| Aon Consulting | Actuarial; Recordkeeping and information management; Participant communication | $46,887 | $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
- Other administrative expenses$377,053
- Other trustee fees and expenses$201,735
- Recordkeeping fees$119,885
- Actuarial fees$46,887
- Total administrative expenses$745,560
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.
- Other investments$92.6M · 74.9%
- Registered investment companies (mutual funds)$23.5M · 19.0%
- Cash (interest and non-interest bearing)$4.0M · 3.2%
- Common/collective trusts$1.7M · 1.4%
- Insurance company general account$1.5M · 1.2%
- Receivables$220K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCherry Bekaert, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
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
1ABenefits are primarily pay related1BBenefits are primarily flat dollar (includes dollars per year of service)1IFrozen plan3FPlan sponsor(s) received services of leased employees3HPlan 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.
Other plans of Appalachian Regional Healthcare, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Appalachian Regional Healthcare, Inc. Thrift Plan | 7,523 | $232M |
| Appalachian Regional Healthcare, Inc. Pension Plan | 4,356 | $166M |
| Appalachian Regional Healthcare, Inc. Administrative Retirement Plan | 1,013 | $53.0M |
| Appalachian Regional Healthcare, Inc. Voluntary Plan | 595 | $28.1M |
Similar plans in Kentucky
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Appalachian Regional Healthcare, Inc. Pension Plan | Appalachian Regional Healthcare, Inc. | 4,356 | $166M | $38,222 |
| Commonwealth Health Corporation Restated Retirement Plan | Commonwealth Health Corporation | 1,796 | $180M | $99,952 |
| Norton Healthcare, Inc. Retirement Plan | Norton Healthcare, Inc. | 4,519 | $169M | $37,324 |
| Owensboro Health Retirement Plan | Owensboro Health, Inc. | 1,755 | $123M | $70,074 |
| Appalachian Regional Healthcare, Inc. Administrative Retirement Plan | Appalachian Regional Healthcare, Inc. | 1,013 | $53.0M | $52,328 |
| Pension Plan for Employees of Baptist Health Richmond | Baptist Healthcare System, Inc. | 578 | $17.5M | $30,235 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is Appalachian Regional Healthcare, Inc. Retirement Plan?
2,605 participants at the end of the plan year ending 30 Jun 2025, of whom 355 were active employees, with net assets of $123,608,563. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Appalachian Regional Healthcare, Inc. 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 $368,507 in compensation to service provider organisations, $141 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $745,560. 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 Appalachian Regional Healthcare, Inc.. Recordkeeping or administration: Charles Schwab Bank, Transamerica Retirement Solutions and Aon Consulting. Investment advisory or management: Transamerica Retirement Solutions. The financial statements were audited by Cherry Bekaert, LLP. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 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 52-0795508, plan 001, received 15 Apr 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.