Retirement plan
FRESENIUS MEDICAL CARE NORTH AMERICA RETIREMENT PLAN
NATIONAL MEDICAL CARE, INC.EIN 04-2835488Plan #001PY 2015
Other plans on this EIN
1 filingProspect flagsHigh retiree %Low returns
Filing contacts
From the Form 5500, federal recordPlan sponsor & administrator signer
STEVEN COVINO
Signed 10/13/2016 (sponsor) / 10/13/2016 (admin)
(781) 699-9000Summary metrics
Total assets (EOY)
$371.3M
+7.2% from 2016
Total participants
19,633
+9.1% from 2016
Average account balance
$0
No prior year
Annual return
-7.22%
-10.05 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort181 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $77
65
Employer contribution / active EE
$15,069
median $7,040
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
3
Annual return
-7.22%
median -1.02%
Overall peer rank
34of 100
34th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$326.59M
Average account balance
Total assets / participants with a balance (line 6g)
$24K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,700
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$60.80M
Contributions per participant
Average employer and participant contribution per enrolled participant
$16K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.85%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON1+ years Service code 21 · EIN 13-5160382 | Bank Trustee | $610,339 |
DEUTSCHE ASSET MANAGEMENT, INC1+ years Service code 28 · EIN 13-3241232 | Investment Management | $263,065 |
NATIONAL MEDICAL CARE, INC.1+ years Service code 35 · EIN 04-2835488 | Employee (plan sponsor) | $212,803 |
BUCK CONSULTANTS, LLC1+ years Service code 11 485 LEXINGTON AVENUE · NEW YORK, NY 100172630 | Actuarial | $98,723 |
WITHUMSMITHBROWN,PC1+ years Service code 10 · EIN 22-2027092 155 SEAPORT BOULEVARD · BOSTON, MA 02210 | Accounting | $45,500 |
Service code 49 · EIN 46-5541835 | Other Services | $36,597 |
DATA ASSOCIATES1+ years Service code 36 · EIN 04-2529390 | Other services; Copying and duplicating | $22,555 |
TOWERS WATSON DELAWARE, INC.1+ years Service code 11 · EIN 53-0181291 | Actuarial | $16,300 |
E.P. REARDON ASSOCIATES, INC1+ years Service code 49 · EIN 04-2382714 | Other Services | $8,480 |
Enrolled actuary
1 attachment
SB
JONATHAN SCHATZ
BUCK CONSULTANTS LLC
Enrollment #1407386
485 LEXINGTON AVENUE
10TH FLOOR
NEW YORK CITY, NY 100172630
(212) 330-1000
Signed 2016-09-28
Top hat statement on fileNQDC
Filed February 10, 2005 (most recent of 3 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1A1H1I
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1HPBGC terminated and closed out planPlan covered by PBGC that was terminated and closed out for PBGC purposes (standard or distress termination with distribution of plan assets or trustee appointed under ERISA section 4042).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
Opportunity flags
2 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$5.5M
$754 / participant
- Investment mgmt$873K15.9%
- Other / not subdivided$5M84.1%
% of EOY assets
1.477%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- WITHUMSMITH BROWN, PC
- Auditor EIN
- 222027092
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer