PlanOptica
Retirement plan

MAYO PENSION PLAN

MAYO CLINICEIN 41-6011702Plan #001PY 2015
Sign in to saveView 5500 PDF
200 FIRST STREET SW - ROCHESTER, MN 55905507-284-0126mayoclinic.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
4 filings
#002Retirement-$4.06B assets#003Retirement--#004Retirement--#005Retirement--
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WILLIAM BROWN
Signed 10/14/2016
(507) 284-0126
How to read this page

Summary metrics

Total assets (EOY)
$7279.5M
-5.6% from 2016
Total participants
67,358
-4.6% from 2016
Average account balance
$0
No prior year
Annual return
1.59%
-1.91 pp from 2016

Benchmarks

See 30 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2015
Participant deferral / active EE
$0
median $79
Employer contribution / active EE
$8,629
median $4,628
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,522
Admin fee / account holder
$0
median $275
Annual return
1.59%
median -1.09%
Overall peer rank
84th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$11.82B
Average account balance
Total assets / participants with a balance (line 6g)
$126K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,596
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
$266.55M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+8.36%
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 10 of 18 by compensation
ProviderService typeCompensation
DEUTSCHE BANK TRUST1+ years
Service code 28 · EIN 13-4941247
Investment Management
$2,005,950
SIT INVESTMENT ASSOC.1+ years
Service code 28 · EIN 41-1404829
Investment Management
$1,894,881
HARRIS ASSOCIATES LP1+ years
Service code 28 · EIN 04-3276558
Investment Management
$1,844,297
NORTHERN TRUST COMPANY1+ years
Service code 19 · EIN 36-1561860
Securities Custodian
$1,356,760
SILCHESTER INTERNATIONAL INVESTOR1+ years
Service code 28 · EIN 36-7045783
Investment Management
$1,158,432
MARATHON1+ years
Service code 28 · EIN 44-6201673
Investment Management
$1,012,199
MORANT WRIGHT1+ years
Service code 28
Investment Management
$1,001,947
WALTER SCOTT TOTAL1+ years
Service code 28
Investment Management
$995,930
GRANTHAN, MAYO, VAN OTTERLOO & CO.1+ years
Service code 28 · EIN 04-2691242
Investment Management
$917,786
CASTLE CREEK TARP ADVISORS LLC1+ years
Service code 28 · EIN 45-5290151
Investment Management
$891,162

Enrolled actuary

1 attachment
SB

JAMES J ANDREWS

TOWERS WATSON DELAWARE INC.
Enrollment #1405332
8400 NORMANDALE LAKE BOULEVARD
SUITE 1700
MINNEAPOLIS, MN 55437
(952) 842-7000
Signed 2016-09-26

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
MAYO CLINIC
SPONSOR
FEES FOR EMPLOYEE SERVICES ALLOCATED 100% TO MAYO CLINIC - NOT SHARED AMONG MAYO CLINIC AND MAYO PENSION
—$396K

Top hat statement on fileNQDC

Filed April 30, 2013 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A
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).

Opportunity flags

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$20.5M
$370 / participant
  • Investment mgmt$13M63.5%
  • Contract admin$369K1.8%
  • Other / not subdivided$7M34.7%
% of EOY assets
0.282%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
RSM US LLP
Auditor EIN
420714325
Audit fees
(not subdivided)
Opinion code
Unqualified