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Retirement plan

CONSOLIDATED CASH BALANCE PROGRAM OF MASS GENERAL BRIGHAM AND MEMBER ORGANIZATIONS

MASS GENERAL BRIGHAM INCORPORATEDEIN 04-3230035Plan #499PY 2021
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399 REVOLUTION DRIVE, SUITE 245 - SOMERVILLE, MA 02145833-275-6947massgeneralbrigham.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#010Retirement-$12.38B assets#500Retirement-$670.1M assets
Prospect flagsLow employer contributionLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(833) 275-6947
Plan administrator signer
BETH ROHLFING
Signed 07/14/2022
How to read this page

Summary metrics

Total assets (EOY)
$10163.1M
-14.0% from 2017
Total participants
85,430
-19.6% from 2017
Average account balance
$0
No prior year
Annual return
27.34%
-6.06 pp from 2017

Benchmarks

See 206 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort206 peers
Snapshot2021
Participant deferral / active EE
$2
median $81
Employer contribution / active EE
$0
median $6,074
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
27.34%
median 11.59%
Overall peer rank
32nd 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
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC3 years
Service code 15
200 WEST STREET · WALTHAM, MA 02451
Recordkeeping
$2,804,147
WILLIS TOWERS WATSON LLC2 years
Service code 11 · EIN 53-0181291
Actuarial
$762,569
MASS GENERAL BRIGHAM2 years
Service code 13 · EIN 04-3294527
Contract Administrator
$593,080
STATE STREET CORPORATION6+ years
Service code 21 · EIN 04-1867445
Bank Trustee
$295,222
CONDUENT3 years
Service code 15 · EIN 16-0468020
Recordkeeping
$77,550
BTHR3 years
Service code 17
200 HIGHLAND AVE · NEEDHAM, MA 02494
Pension Consulting
$39,996

Enrolled actuary

1 attachment
SB

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

WILLIS TOWERS WATSON US LLC
Enrollment #2005680
75 ARLINGTON STREET
FLOOR 10
BOSTON, MA 02116
(617) 638-3700
Signed 2022-07-06

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

2 tripped
  • OpportunityLow participant contribution

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

  • OpportunityLow employer contribution

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

Expense breakdown

Schedule H Part II
Admin total
$11.1M
$204 / participant
  • Other / not subdivided$11M100.0%
% of EOY assets
0.110%
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