Retirement plan
THE MOUNT SINAI MEDICAL CENTER 403(B) RETIREMENT PLAN
THE MOUNT SINAI MEDICAL CENTEREIN 13-1624096Plan #005PY 2017
150E 42ND STREET 5TH FLOOR, OFFICE 5-B-10 - NEW YORK, NY 10017212-731-3083LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$5443.4M
-9.4% from 2016
Total participants
40,004
+28.2% from 2016
Average account balance
$165,398
-3.1% from 2016
Annual return
66.11%
-5.64 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort207 peers
Snapshot2017
76
Participant deferral / active EE
$4,663
median $3,033
77
Employer contribution / active EE
$3,375
median $1,293
46
Participation rate
74.0%
median 77.0%
98
Avg account balance
$165,398
median $47,645
96
Admin fee / account holder
$1
median $38
97
Annual return
66.11%
median 18.04%
Overall peer rank
81of 100
81st 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
| Provider | Service type | Compensation |
|---|---|---|
TIAA3+ years Service code 15 · EIN 13-1624203 | Recordkeeping | $11,192 |
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
Plans declared (1)
- Plan name not on file1 emp
Plan features & details
Pension benefit codes2L2M2T2F2G3D
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.
- 2MCode section 403(b)(7) accountsPlan uses Code section 403(b)(7) custodial accounts 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.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$49K
$2 / participant
- Other / not subdivided$49K100.0%
% of EOY assets
0.001%
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