Retirement plan
CONSOLIDATED 403(B) PROGRAM OF PARTNERS HEALTHCARE AND MEMBER ORGANIZATIONS
PARTNERS HEALTHCARE SYSTEM, INC.EIN 04-3230035Plan #010PY 2018
399 REVOLUTION DRIVE, SUITE 245 - SOMERVILLE, MA 02145833-275-6947massgeneralbrigham.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CHRISTINE ZOTTOLI
Signed 07/15/2019
Summary metrics
Total assets (EOY)
$8245.5M
-13.2% from 2017
Total participants
81,366
+17.4% from 2017
Average account balance
$102,750
+7.4% from 2017
Annual return
9.13%
-3.10 pp from 2017
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort224 peers
Snapshot2018
82
Participant deferral / active EE
$5,617
median $3,263
55
Employer contribution / active EE
$1,989
median $1,456
87
Participation rate
98.1%
median 81.9%
95
Avg account balance
$102,750
median $42,754
47
Admin fee / account holder
$43
median $39
90
Annual return
9.13%
median -4.42%
Overall peer rank
76of 100
76th 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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $3,646,028 |
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
Plans declared (1)
- 1. Mass General Brigham Incorporated Systemwide Supplemental Executive Retirement Plan14 emp
Plan features & details
Pension benefit codes2F2G2L2T3H
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$3.4M
$57 / participant
- Other / not subdivided$3M100.0%
% of EOY assets
0.042%
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
- WOLF & COMPANY, P.C.
- Auditor EIN
- 042689883
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer