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Retirement plan

FRESENIUS MEDICAL CARE NORTH AMERICA RETIREMENT PLAN

NATIONAL MEDICAL CARE, INC.EIN 04-2835488Plan #001PY 2023
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920 WINTER STREET - WALTHAM, MA 02451781-699-9000LinkedIn1-10 employeeslegal services
Other plans on this EIN
1 filing
#002Retirement-$3.97B assets
Prospect flagsHigh retiree %Low employer contribution

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)
$286.5M
+7.2% from 2016
Total participants
13,667
+9.1% from 2016
Average account balance
$0
No prior year
Annual return
9.48%
-10.05 pp from 2016

Benchmarks

See 100 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort100 peers
Snapshot2023
Participant deferral / active EE
$0
median $214
Employer contribution / active EE
$1,516
median $4,624
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
9.48%
median 9.85%
Overall peer rank
29th 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 6 by compensation
ProviderService typeCompensation
THE BANK OF NEW YORK MELLON9+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$578,712
NATIONAL MEDICAL CARE, INC.9+ years
Service code 35 · EIN 04-2835488
Employee (plan sponsor)
$264,605
BUCK GLOBAL, LLC6 years
Service code 11
420 LEXINGTON AVENUE, SUITE 2220 · NEW YORK, NY 10170
Actuarial
$201,457
WITHUMSMITH+BROWN,PC7 years
Service code 10 · EIN 22-2027092
Accounting
$52,000
SMART SOURCE OF BOSTON, LLC8 years
Service code 36 · EIN 20-3987455
Copying and duplicating; Other services
$20,080
PENSION BENEFIT INFOFORMATION LLC3 years
Service code 49 · EIN 94-2856521
333 SOUTH SEVENTH STREET, SUITE 240 · MINNEAPOLIS, MN 55402
Other Services
$7,740

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 2024-10-11

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

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant 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
$10.7M
$2657 / participant
  • Trustee / custodial$1140.0%
  • Investment mgmt$579K5.4%
  • Actuarial$201K1.9%
  • Salaries / allowances$265K2.5%
  • Contract admin$5K0.0%
  • Other / not subdivided$10M90.2%
% of EOY assets
3.732%
all-in expense ratio
Categories reported
5 / 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
$52,000
Opinion code
Unqualified