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Retirement plan

THE MOUNT SINAI MEDICAL CENTER 403(B) RETIREMENT PLAN

THE MOUNT SINAI MEDICAL CENTEREIN 13-1624096Plan #005PY 2015
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ONE GUSTAVE L. LEVY PLAZA, BOX 1019 - NEW YORK, NY 10029212-731-3083LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#006Retirement-$18.0M assets
Prospect flagsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ROSE MARIE LIGUIGLI
Signed 10/17/2016
(212) 731-3083
How to read this page

Summary metrics

Total assets (EOY)
$2923.2M
-9.4% from 2016
Total participants
35,628
+28.2% from 2016
Average account balance
$112,224
-3.1% from 2016
Annual return
1.88%
-5.64 pp from 2016

Benchmarks

See 182 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort182 peers
Snapshot2015
Participant deferral / active EE
$3,814
median $2,716
Employer contribution / active EE
$2,637
median $1,045
Participation rate
63.2%
median 71.6%
Avg account balance
$112,224
median $41,617
Admin fee / account holder
$2
median $28
Annual return
1.88%
median 1.22%
Overall peer rank
73rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.49B
Average account balance
Total assets / participants with a balance (line 6g)
$152K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
62,323
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
70.6%
Contributions (total)
Employer and participant dollars contributed each year
$428.61M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.05%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$31
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
TIAA1+ years
Service code 15 · EIN 13-1624203
Recordkeeping
$4,694

Top hat statement on fileNQDC

Filed November 5, 2018 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
One Gustave L. Levy Place
New York, State: NY Zip Code: 10029
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Plans declared (1)

  • Plan name not on file1 emp
Open the filing PDF

Plan features & details

Pension benefit codes2L2M2T
Plan features
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts 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.

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
$64K
$2 / participant
  • Other / not subdivided$64K100.0%
% of EOY assets
0.002%
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
WISS & COMPANY, LLP
Auditor EIN
221732349
Audit fees
(not subdivided)
Opinion code
Disclaimer