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Banner Blue News

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 Plan for the year ended December 31, 2001. The annual report has been filed with the Internal Revenue Service, 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 $2,855,635 as of December 31, 2001, compared to $4,035,284 as of January 1, 2001. During the plan year, the plan experienced a decrease in its net assets of $1,179,649. This decrease 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 $11,222,578. This included employee contributions of $3,749,917, employer contributions of $5,919,463, reimbursement payments of $1,714,880 and realized gains from interest earned of $207,292, and unrealized losses on investment of ($368,974).   Plan expenses were $12,408,227. These expenses included $643,399 in administrative expenses, $11,106,766 in benefits paid to participants and beneficiaries, and $652,062 in other expenses.

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; Assets held for investment; Transactions in excess of 5% of plan assets. 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, N5638, Pension and Welfare Benefit Administration, U.S. Department of Labor, 200 Constitution Avenue, NW, Washington, DC 20210.

The Banner Blue News is published quarterly by The Wabash Memorial Hospital Association. Janet Rolofson, Editor, may be contacted at janet@wabashcannonball.org. Any crafts associated with Wabash Association may submit articles or announcements concerning Health & Welfare to Janet for publication in future editions. Their inclusion is subject to space available and appropriateness as judged by Editor and management

Wabash Management

Stephen Speagle Board Chairman

Robert Kimmons, CMA, MHA Administrator

Bonnie Hudson Supervisor

Wabash Consulting Staff

Joan Ogden, QHA, FCA, MAA Actuary Services

Rob Mayes, MS IT Services

James Peckert, Esq., JD Legal Services

Ronald L. Ruecker, M.D., MBA Medical Director

Thomas Curb, RPh Pharmacy Services