Wake Health Service, Inc Dba Advance Community Health 401(k) Plan: Login, Facts & Contact Information

Wake Health Service, Inc Dba Advance Community Health 401(k) Plan Facts

Plan name
ADVANCE COMMUNITY HEALTH, INC. 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
ADVANCE COMMUNITY HEALTH, INC.
Participants
341 (145 active employees)
Former employees with a balance
215
Plan assets
$4,123,614 at Jun 30, 2023
Average account balance
$11,849 across 348 accounts
Employer contributions
$257,911 in plan year 2022 (36% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jul 1, 2022 – Jun 30, 2023
Plan established
Jul 1, 1974
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 2022 (Jul 1, 2022 – Jun 30, 2023), filed Feb 26, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $721,689 went into the plan in contributions, $257,911 of it from the employer (36%).
  • $969,841 was paid out to participants.
  • Investment and other income added $499,162.
  • Administrative expenses were $40,311, about $116 per account.

How the Wake Health Service, Inc Dba Advance Community Health 401(k) changed, 20172022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017193$2.70 million$123,514$388,627
2018176$3.04 million$139,350$229,209
2019184$3.53 million$159,298$87,430
2020256$4.97 million$201,117$217,202
2021323$3.91 million$253,234$1.11 million
2022341$4.12 million$257,911$969,841

Wake Health Service, Inc Dba Advance Community Health 401(k) Contact Information

Phone
919-833-3111
Mailing address
1001 ROCK QUARRY RD, RALEIGH NC 27610
Plan sponsor
ADVANCE COMMUNITY HEALTH, INC.
Employer identification number (EIN)
56-1004791
Plan number
001

Questions about the Wake Health Service, Inc Dba Advance Community Health 401(k)

Does Wake Health Service, Inc Dba Advance Community Health contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $257,911 in employer contributions for plan year 2022.

Does the Wake Health Service, Inc Dba Advance Community Health 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Wake Health Service, Inc Dba Advance Community Health 401(k) plan?

341 participants at the start of plan year 2022, 145 of them active employees, and 215 former employees who still had money in the plan.

What is the average 401(k) balance at Wake Health Service, Inc Dba Advance Community Health?

About $11,849 per account: $4.12 million in plan assets across 348 accounts with a balance at the end of plan year 2022.

Who manages the Wake Health Service, Inc Dba Advance Community Health 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Wake Health Service, Inc Dba Advance Community Health. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) 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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