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Summary Annual Report For Health and Welfare Plans
For
Wabash Memorial Hospital Association Health Insurance Plans
This is a summary of the annual report of the Wabash Memorial Hospital
Association, 37-0806462 for the Health Insurance and Welfare Plan for the year
ended December 31, 2006. The annual report has been filed with the Employee
Benefits Security Administration, as required under the Employee Retirement
Income Security Act of 1974 (ERISA). Wabash Memorial Hospital Association has
committed itself to pay certain hospital, surgical and dental claims incurred
under the terms of the plan.
Basic Financial Statement: The value of plan assets, after subtracting
liabilities of the plan, was $4,660,403 as of December 31, 2006, compared to
$3,022,486 as of January 1, 2006. During the plan year, the plan experienced a
increase in its net assets of $1,637,917. This increase includes unrealized
appreciation or depreciation in the value of plan assets; that is, the
difference between the value of the plan's assets at the end of the year and the
value of the assets at the beginning of the year or the cost of assets acquired
during the year. During the plan year, the plan had total income of $15,323,694.
This included employee contributions of $5,277,952, employer contributions of
$7,649,654, reimbursement payments of $1,820,703 income from investments of
$247,055, and unrealized gains on investments of $328,330. Plan expenses were
$13,685,777. These expenses included $439,199 in administrative expenses,
$685,134 in Clinic operations, $11,811,257 in benefits paid to participants and
beneficiaries, and $750,187 for fees paid to preferred provider organizations.
Your Rights To Additional Information: You have the right to receive a copy of
the full annual report, or any part thereof, on request. The items included in
that report are: An accountant's report and assets held for investment.. To
obtain a copy of the full annual report, or any part thereof, write or call the
office of Wabash Memorial Hospital Association, c/o Mr. Robert Kimmons, who is
the plan administrator, located at 1501 North Water Street, Decatur, Illinois
62526, (217) 429-5246. A nominal fee to cover copying costs may be charged. You
also have the right to receive from the plan administrator, on request and at no
charge, a statement of the assets and liabilities of the plan and accompanying
notes, or a statement of income and expenses of the plan and accompanying notes
or both. If you request a copy of the full annual report from the plan
administrator, these two statements and accompanying notes will be included as
part of that report. The charge to cover copying costs given above does not
include a charge for the copying of these portions of the report because these
portions are furnished without charge. You also have the legally protected right
to examine the annual report at the main office of the plan, 1501 North Water
Street, Decatur, Illinois 62526 and at the U.S. Department of Labor in
Washington, DC or to obtain a copy from the U.S. Department of Labor upon
payment of copying costs. Requests to the Department should be addressed to:
Public Disclosure Room, N1513, Employee Benefits Security Administration,
U.S. Department of Labor, 200 Constitution Avenue, NW, Washington, DC 20210.
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