transparency

Retirement Plan for Anson General Hospital

Overview

Contact Information:
HealthSHARE
1108 Lavaca Street Ste 700
Austin, TX 78701-2180
http://www.tha.org/retirementplan
Phone: (512) 346-1590
Fax: (512) 345-7437

Classification: 810
Year Created: 1971
Fiscal Year-End Month: 6

Total Members : 36

  Active Members: 5
  Inactive Members : 10
  Total Annuitants: 21
  (Effective Date: 7/1/2021)

Financials

(Effective Date: 6/30/2022)

Total Net Assets: $1,494,353

Total Assets : $1,495,688
Total Liabilities : $1,335
Total Additions : $5,426
Employer Contributions:
$0
0.00%
Employee Contributions:
$5,426
100.00%
Other Contributions:
$0
0.00%
Investment Income:
$0
0.00%
Other Income:
$0
0.00%

Total Deductions  : $172,004
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$111,159
64.63%
Administrative Expenses:
$59,677
34.70%
Investment Expenses:
$1,168
0.68%
Other Expenses:
$0
0.00%
Total Contribution Rate: 14.91%
(Effective Date: 7/1/2022)
Employer: 4.00%
Employee: 18.91%

Historical Investment Returns

(Report Date: 6/30/2022)
—  Assumed Rate of Return 6.00%
  • 1-Year Return: -17.30%
  • 3-Year Return: -1.59%
  • 10-Year Return: 5.34%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 6.00%

Actuarial

(Effective Date: 7/1/2022)
Actuarial Value of Assets : $1,494,353
Actuaries often select an asset valuation method that smooth the effects of short‐term volatility in the market value of assets. The actuarial value of assets is intended to give fund managers a more accurate picture of the fund’s ability to cover its liabilities.
Market Value of Assets: $1,669,598
Actuarial Assumption Details

Actuarial Funded Ratio : 106.11%

Market Funded Ratio: 94.97%

Amortization Period (Yrs) : 0
Unfunded Liability : $0
Unfunded Liability per Member: N/A

Benefit Tier Details

Eligible Members:
Hired before 8/1/2015
Vesting:
5 YCS as of 7/31/2015
Age/YCS:
65/5
Benefit Formula:
(Years of Credited Service x 0.75% x Final Average Salary) + (0.65% x FAS >= $400 x YCS <= 30), YCS frozen as of 7/31/2015
Final Average Salary:
Highest consecutive 60 months within final 10 years, frozen as of 7/31/2015
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes

Investment Policy Details

Effective Date: 12/1/2019

Asset Class:
Fixed Income
Minimum Allocation:
N/A
Maximum Allocation:
N/A
Target Allocation:
45%
Asset Class:
Equities
Minimum Allocation:
N/A
Maximum Allocation:
N/A
Target Allocation:
55%