Scotland Memorial Hospital, Inc. 401(k) Plan: Login, Facts & Contact Information

Scotland Memorial Hospital, Inc. 401(k) Plan Facts

Plan name
SCOTLAND MEMORIAL HOSPITAL, INC. 403(B) RETIREMENT PLAN
Plan type
401(k) and profit sharing
Plan sponsor
SCOTLAND MEMORIAL HOSPITAL, INC.
Participants
1,527 (1,428 active employees)
Former employees with a balance
212
Plan assets
$79,180,046 at Dec 31, 2024
Average account balance
$55,024 across 1,439 accounts
Employer contributions
$3,672,193 in plan year 2024 (42% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
May 1, 1996
— Employer contributions✓ Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $8.80 million went into the plan in contributions, $3.67 million of it from the employer (42%).
  • $6.77 million was paid out to participants.
  • Investment and other income added $9.47 million.
  • Administrative expenses were $136,931, about $95 per account.

How the Scotland Memorial Hospital, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,385$48.8 million$1.39 million$3.44 million
20201,398$57.3 million$2.61 million$4.66 million
20211,439$66.4 million$2.32 million$4.64 million
20221,425$57.1 million$2.70 million$4.65 million
20231,406$67.8 million$2.52 million$3.93 million
20241,527$79.2 million$3.67 million$6.77 million

Scotland Memorial Hospital, Inc. 401(k) Contact Information

Phone
910-291-7549
Mailing address
500 LAUNCHWOOD DRIVE, LAURINBURG NC 28352
Plan sponsor
SCOTLAND MEMORIAL HOSPITAL, INC.
Employer identification number (EIN)
56-0583151
Plan number
002

Questions about the Scotland Memorial Hospital, Inc. 401(k)

Does Scotland Memorial Hospital, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $3.67 million in employer contributions for plan year 2024.

Does the Scotland Memorial Hospital, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Scotland Memorial Hospital, Inc 401(k) plan?

1,527 participants at the start of plan year 2024, 1,428 of them active employees, and 212 former employees who still had money in the plan.

What is the average 401(k) balance at Scotland Memorial Hospital, Inc?

About $55,024 per account: $79.2 million in plan assets across 1,439 accounts with a balance at the end of plan year 2024.

Who manages the Scotland Memorial Hospital, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Scotland Memorial Hospital, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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