Retirement plan
CONSOLIDATED CASH BALANCE PROGRAM OF PARTNERS HEALTHCARE AND MEMBER ORGANIZATIONS
PARTNERS HEALTHCARE SYSTEM, INC.EIN 04-3230035Plan #499PY 2017
399 REVOLUTION DRIVE, HUMAN RESOURCES - 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 07/13/2018
Summary metrics
Total assets (EOY)
$4298.9M
-14.0% from 2017
Total participants
45,512
-19.6% from 2017
Average account balance
$0
No prior year
Annual return
13.82%
-6.06 pp from 2017
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $107
50
Employer contribution / active EE
$5,654
median $5,439
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $14,491,905
0
Admin fee / account holder
$0
median $81,210
37
Annual return
13.82%
median 14.12%
Overall peer rank
43of 100
43rd percentileavg across 6 metrics
Analytics
2016 - 2024
Total assets (EOY)
Plan-year ending balance
$10.33B
Average account balance
Total assets / participants with a balance (line 6g)
$112K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
31,785
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
$104.96M
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.94%
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
| Provider | Service type | Compensation |
|---|---|---|
TOWERS WATSON DELAWARE, INC.2+ years Service code 11 · EIN 53-0181291 | Actuarial | $534,883 |
PARTNERS HEALTHCARE1 year Service code 13 · EIN 04-3294527 | Contract Administrator | $492,577 |
XEROX HR2+ years Service code 15 · EIN 16-0468020 | Recordkeeping | $420,282 |
ROPES & GRAY1 year Service code 29 800 BOYLSTON STREET · BOSTON, MA 021993600 | Legal | $178,631 |
STATE STREET CORPORATION2+ years Service code 21 · EIN 04-1867445 | Bank Trustee | $117,890 |
BTHR CONSULTING2+ years Service code 49 200 HIGHLAND AVE., SUITE 305 · NEEDHAM, MA 02494 | Other Services | $68,652 |
Enrolled actuary
1 attachment
SB
JENNIFER S. COLLIER, A.S.A., E.A.
TOWERS WATSON DELAWARE INC.
Enrollment #1705680
800 BOYLSTON STREET
BOSTON, MA 021998103
(617) 638-3700
Signed 2018-07-02
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 codes1C1A3H
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).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 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
$13.1M
$399 / participant
- Other / not subdivided$13M100.0%
% of EOY assets
0.306%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BDO USA LLP
- Auditor EIN
- 135381590
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified