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Retirement plan

FRESENIUS MEDICAL CARE NORTH AMERICA RETIREMENT PLAN

NATIONAL MEDICAL CARE, INC.EIN 04-2835488Plan #001PY 2022
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920 WINTER STREET - WALTHAM, MA 02451781-699-9000LinkedIn1-10 employeeslegal services
Other plans on this EIN
1 filing
#002Retirement-$3.55B assets
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(781) 699-9000
How to read this page

Summary metrics

Total assets (EOY)
$276.7M
+7.2% from 2016
Total participants
13,863
+9.1% from 2016
Average account balance
$0
No prior year
Annual return
-21.63%
-10.05 pp from 2016

Benchmarks

See 112 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort112 peers
Snapshot2022
Participant deferral / active EE
$0
median $212
Employer contribution / active EE
$0
median $5,024
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-21.63%
median -16.07%
Overall peer rank
16th 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
ProviderService typeCompensation
THE BANK OF NEW YORK MELLON8+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$668,489
NATIONAL MEDICAL CARE, INC.8+ years
Service code 35 · EIN 04-2835488
Employee (plan sponsor)
$339,274
BUCK GLOBAL, LLC5 years
Service code 11
420 LEXINGTON AVENUE, SUITE 2220 · NEW YORK, NY 10170
Actuarial
$136,487
WITHUMSMITH+BROWN,PC6 years
Service code 10 · EIN 22-2027092
Accounting
$54,704
SMART SOURCE OF BOSTON, LLC7 years
Service code 36 · EIN 20-3987455
Other services; Copying and duplicating
$25,976
PENSION BENEFIT INFOFORMATION LLC2 years
Service code 49 · EIN 94-2856521
333 SOUTH SEVENTH STREET, SUITE 240 · MINNEAPOLIS, MN 55402
Other Services
$11,216
LEXISNEXIS RISK SOLUTIONS FL2 years
Service code 49
28330 NETWORK PLACE, · CHICAGO, IL 60673
Other Services
$5,640

Enrolled actuary

1 attachment
SB

OLUFEMI A. BALOGUN

BUCK GLOBAL, LLC
Enrollment #2008349
420 LEXINGTON AVENUE
SUITE 2220
NEW YORK CITY, NY 101702220
(260) 423-1083
Signed 2023-09-28

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.

Open the filing PDF

Plan features & details

Pension benefit codes1A1H1I3J
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1H
    PBGC terminated and closed out plan
    Plan 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).
  • 1I
    Frozen plan
    As 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.
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

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
$6.0M
$1399 / participant
  • Investment mgmt$668K11.1%
  • Other / not subdivided$5M88.9%
% of EOY assets
2.170%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
WITHUMSMITH + BROWN, PC
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Unqualified