PlanOptica
Retirement plan

CONSOLIDATED 403(B) PROGRAM OF PARTNERS HEALTHCARE AND MEMBER ORGANIZATIONS

PARTNERS HEALTHCARE SYSTEM, INC.EIN 04-3230035Plan #010PY 2016
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101 MERRIMAC ST., 5TH FLOOR - BOSTON, MA 02114617-726-8133massgeneralbrigham.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#499Retirement-$3.70B assets#500Retirement-$525.7M assets
Prospect flagsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
ELEANOR FLYNN SALVUCCI
Signed 07/14/2017
(617) 726-8133
Plan administrator signer
KEVIN HARRINGTON
Signed 07/14/2017
How to read this page

Summary metrics

Total assets (EOY)
$6493.1M
-13.2% from 2017
Total participants
88,345
+17.4% from 2017
Average account balance
$108,624
+7.4% from 2017
Annual return
10.05%
-3.10 pp from 2017

Benchmarks

See 193 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
Participant deferral / active EE
$3,802
median $2,952
Employer contribution / active EE
$1,640
median $1,144
Participation rate
61.3%
median 73.8%
Avg account balance
$108,624
median $42,315
Admin fee / account holder
$59
median $30
Annual return
10.05%
median 8.69%
Overall peer rank
57th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$14.92B
Average account balance
Total assets / participants with a balance (line 6g)
$115K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
130,246
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.9%
Contributions (total)
Employer and participant dollars contributed each year
$751.75M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+24.32%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$35
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years
Service code 37 · EIN 04-2647786
Loan Processing
$3,470,983
TIAA1+ years
Service code 13 · EIN 13-1624203
Contract Administrator
$5,249
LINCOLN NATIONAL CORPORATION1+ years
Service code 13 · EIN 35-1140070
Contract Administrator
$1,721
FIDELITY INVESTMENT INSTIITIONAL1+ years
Service code 60
Sub-TA Fees
$0
FIDELITY INVESTMENT INSTITUTIONAL1+ years
Service code 60
Sub-TA Fees
$0

Top hat statement on fileNQDC

Filed April 23, 2024 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
399 Revolution Drive
Somerville, MA 02145
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • 1. Mass General Brigham Incorporated Systemwide Supplemental Executive Retirement Plan14 emp
Open the filing PDF

Plan features & details

Pension benefit codes2F2G2L2T3H
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II
Admin total
$3.5M
$48 / participant
  • Other / not subdivided$4M100.0%
% of EOY assets
0.054%
all-in expense ratio
Categories reported
0 / 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
BDO USA, LLP
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Disclaimer