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Retirement plan

THE PENSION PLAN FOR MEMBERS OF THE MOUNT SINAI HOSPITAL PHARMACY ASSOCIATION

THE MOUNT SINAI HOSPITALEIN 13-1624096Plan #006PY 2023
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1 GUSTAVE L LEVY PLACE - NEW YORK, NY 100296500646-605-4745LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#005Retirement-$8.50B assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(646) 605-4745
How to read this page

Summary metrics

Total assets (EOY)
$23.3M
-1.8% from 2016
Total participants
132
0.0% from 2016
Average account balance
$0
No prior year
Annual return
2.56%
+0.05 pp from 2016

Benchmarks

See 864 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants25-99
Cohort864 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$36,842
median $10,229
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $42,060
Admin fee / account holder
$0
median $252
Annual return
2.56%
median 9.79%
Overall peer rank
46th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$24.52M
Average account balance
Total assets / participants with a balance (line 6g)
$190K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
94
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
$1.40M
Contributions per participant
Average employer and participant contribution per enrolled participant
$40K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.72%
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 3 by compensation
ProviderService typeCompensation
DORSA CONSULTING SERVICES7 years
Service code 11 · EIN 26-4614358
Actuarial
$45,365
MASSMUTUAL LIFE INSURANCE CO.1 year
Service code 13 · EIN 04-1590850
Contract Administrator
$37,986
WISS & COMPANY LLP3 years
Service code 50 · EIN 22-1732349
Direct Payment
$13,250

Enrolled actuary

1 attachment
SB

HELAINE PROSCHANSKY

DCS RETIRE, INC.
Enrollment #2304543
2220 COUNTY ROAD 210 WEST
SUITE 108, PMB #424
JACKSONVILLE, FL 32259
(800) 361-4635
Signed 2024-09-20

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 codes1A1I
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).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

1 tripped
  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$98K
$2582 / participant
  • Contract admin$38K38.7%
  • Other / not subdivided$60K61.3%
% of EOY assets
0.421%
all-in expense ratio
Categories reported
1 / 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
(not subdivided)
Opinion code
Unqualified