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Retirement plan

THE MOUNT SINAI MEDICAL CENTER 403(B) RETIREMENT PLAN

THE MOUNT SINAI MEDICAL CENTEREIN 13-1624096Plan #005PY 2024
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150E 42ND STREET 5TH FLOOR, OFFICE 5-B-10 - NEW YORK, NY 10017646-605-4745LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#006Retirement-$24.5M assets
Prospect flagsLow returnsFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
ROSE MARIE LIGUIGLI
Signed 10/10/2025
(646) 605-4745
How to read this page

Summary metrics

Total assets (EOY)
$9493.9M
-9.4% from 2016
Total participants
75,936
+28.2% from 2016
Average account balance
$152,334
-3.1% from 2016
Annual return
12.05%
-5.64 pp from 2016

Benchmarks

See 275 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
Participant deferral / active EE
$6,138
median $4,708
Employer contribution / active EE
$3,118
median $2,014
Participation rate
70.6%
median 86.4%
Avg account balance
$152,334
median $64,875
Admin fee / account holder
$31
median $50
Annual return
12.05%
median 14.66%
Overall peer rank
57th 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 7 by compensation
ProviderService typeCompensation
CAPFINANCIAL PARTNERS, LLC3 years
Service code 27 · EIN 26-0058143
Advisory (Plan)
$1,073,495
TIAA10+ years
Service code 15 · EIN 13-1624203
Recordkeeping
$627,095
PROSKAUER ROSE LLP5 years
Service code 29 · EIN 13-1840454
Legal
$91,565
WISS AND COMPANY, LLC6 years
Service code 10 · EIN 22-1732349
Accounting
$75,000
PRUDENTIAL INS. CO. OF AMERICA1 year
Service code 50 · EIN 22-1211670
Direct Payment
$54,566
TRANSAMERICA RETIREMENT SOLUTIONS7 years
Service code 12 · EIN 13-3689044
Claims processing; Finders' fees / pl...
$8,358
EMPOWER LIFE & ANNUITY INSURANCE2 years
Service code 50
8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111
Direct Payment
$1,155

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Plan name not on file1 emp
Open the filing PDF

Plan features & details

Pension benefit codes2F2G2L2M2T
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 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

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II
Admin total
$1.9M
$42 / participant
  • Recordkeeping$310K16.0%
  • Investment mgmt$1M69.8%
  • Legal$92K4.7%
  • Contract admin$108K5.6%
  • Other / not subdivided$75K3.9%
% of EOY assets
0.020%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
WISS & COMPANY, LLP
Auditor EIN
221732349
Audit fees
$75,000
Opinion code
Unqualified