PlanOptica
Retirement plan

CONSOLIDATED CASH BALANCE PROGRAM OF MASS GENERAL BRIGHAM AND MEMBER ORGANIZATIONS

MASS GENERAL BRIGHAM INCORPORATEDEIN 04-3230035Plan #499PY 2020
Sign in to saveView 5500 PDF
399 REVOLUTION DRIVE, SUITE 245 - SOMERVILLE, MA 02145833-275-6947massgeneralbrigham.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#010Retirement-$10.27B assets#500Retirement-$596.5M assets
Prospect flagsLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(833) 275-6947
Plan administrator signer
CHRISTINE ZOTTOLI
Signed 07/13/2021
How to read this page

Summary metrics

Total assets (EOY)
$8197.7M
-14.0% from 2017
Total participants
81,242
-19.6% from 2017
Average account balance
$0
No prior year
Annual return
11.09%
-6.06 pp from 2017

Benchmarks

See 212 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
Participant deferral / active EE
$2
median $23
Employer contribution / active EE
$8,319
median $5,975
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
11.09%
median 12.84%
Overall peer rank
28th 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 5 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC2 years
Service code 15
200 WEST STREET · WALTHAM, MA 02451
Recordkeeping
$3,300,014
WILLIS TOWERS WATSON LLC1 year
Service code 11 · EIN 53-0181291
Actuarial
$1,100,667
MASS GENERAL BRIGHAM1 year
Service code 13 · EIN 04-3294527
Contract Administrator
$590,396
STATE STREET CORPORATION5+ years
Service code 21 · EIN 04-1867445
Bank Trustee
$271,966
CONDUENT2 years
Service code 15 · EIN 16-0468020
Recordkeeping
$85,100

Enrolled actuary

1 attachment
SB

JENNIFER S. COLLIER, A.S.A, E.A.

WILLIS TOWERS WATSON US LLC
Enrollment #2005680
800 BOYLSTON STREET
BOSTON, MA 021998103
(617) 638-3700
Signed 2021-07-02

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
MASS GENERAL BRIGHAM
EMPLOYER
PAYMENT INADVERTENTLY MADE TO EMPLOYEE WHO IS NOT A PARTICIPANT IN THE PLAN.
——

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 codes1C1A3H
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).
  • 1C
    Cash balance or similar plan
    A 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).
  • 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 participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$11.6M
$220 / participant
  • Other / not subdivided$12M100.0%
% of EOY assets
0.141%
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
WOLF & COMPANY, P.C.
Auditor EIN
042689883
Audit fees
(not subdivided)
Opinion code
Unqualified