Retirement plan
FRESENIUS MEDICAL CARE NORTH AMERICA RETIREMENT PLAN
NATIONAL MEDICAL CARE, INC.EIN 04-2835488Plan #001PY 2016
Other plans on this EIN
1 filingProspect flagsHigh retiree %Low returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STEVEN COVINO
Signed 10/13/2017
Summary metrics
Total assets (EOY)
$346.3M
+7.2% from 2016
Total participants
18,002
+9.1% from 2016
Average account balance
$0
No prior year
Annual return
2.83%
-10.05 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants5,000-9,999
Cohort33 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $87
0
Employer contribution / active EE
$0
median $3,642
0
Participation rate
0.0%
median 19.1%
0
Avg account balance
$0
median $53,539
0
Admin fee / account holder
$0
median $531
9
Annual return
2.83%
median 6.47%
Overall peer rank
9of 100
9th 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 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
THE BANK OF NEW YORK MELLON2+ years Service code 21 · EIN 13-5160382 | Bank Trustee | $654,189 |
DEUTSCHE ASSET MANAGEMENT, INC2+ years Service code 28 · EIN 13-3241232 | Investment Management | $253,192 |
NATIONAL MEDICAL CARE, INC.2+ years Service code 35 · EIN 04-2835488 | Employee (plan sponsor) | $221,259 |
Service code 36 · EIN 20-3987455 | Other services; Copying and duplicating | $102,418 |
BUCK CONSULTANTS, LLC2+ years Service code 11 485 LEXINGTON AVENUE · NEW YORK, NY 100172630 | Actuarial | $102,250 |
WITHUMSMITHBROWN,PC2+ years Service code 10 · EIN 22-2027092 155 SEAPORT BOULEVARD · BOSTON, MA 02210 | Accounting | $45,500 |
Service code 65 · EIN 65-0852445 | Account Maintenance | $11,424 |
Enrolled actuary
1 attachment
SB
JONATHAN SCHATZ
CONDUENT HR CONSULTING, LLC
Enrollment #1707386
485 LEXINGTON AVENUE
SUITE 2220
NEW YORK CITY, NY 101702220
(212) 330-1000
Signed 2017-09-28
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
3 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.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$4.2M
$608 / participant
- Investment mgmt$907K21.7%
- Other / not subdivided$3M78.3%
% of EOY assets
1.205%
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