Summary Annual Report - Retiree Health Plan
SUMMARY ANNUAL REPORT
FOR THE WASHINGTON AND LEE UNIVERSITY RETIREE HEALTH PLAN
This is a summary of the annual report of the Washington and Lee University Retiree Health Plan, EIN 54-0505977, Plan No. 509, for period January 1, 2019 through December 31, 2019. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).
Basic Financial Statement
The value of plan assets, after subtracting liabilities of the plan, was $1,165,082 as of December 31, 2019, compared to $895,714 as of January 1, 2019. During the plan year, the plan experienced an increase in its net assets of $269,368. This increase includes unrealized appreciation and 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 $285,145, including employer contributions of $113,463, earnings from investments of $171,532, and other income of $150.
Plan expenses were $15,777. These expenses included $15,777 in benefits paid to participants and beneficiaries.
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 listed below are included in that report:
- an accountant's report
- financial information
- assets held for investment
To obtain a copy of the full annual report, or any part thereof, write or call the office of Washington and Lee University in care of Mary Main who is Plan Administrator at 204 West Washington Street, Lexington, VA 24450, or by telephone at (540) 458-8923.
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.
You also have the legally protected right to examine the annual report at the main office of the plan (Washington and Lee University, 204 West Washington Street, Lexington, VA 24450) and at the U.S. Department of Labor in Washington, D.C., 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, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
Paperwork Reduction Act Statement
The public reporting burden of this collection of information is estimated to average less than one minute per notice (approximately 3 hours and 11 minutes per plan). Interested parties are encouraged to send comments regarding the burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the U.S. Department of Labor, Office of the Chief Information Officer, Attention: Departmental Clearance Officer, 200 Constitution Avenue, N.W., Room N-1301, Washington, DC 20210 or email DOL_PRA_PUBLIC@dol.gov and reference the OMB Control Number 1210-0040.
OMB Control Number 1210-0040 (expires 06/30/2022)