PlanOptica
Retirement plan

MAYO PENSION PLAN

MAYO CLINICEIN 41-6011702Plan #001PY 2018
Sign in to saveView 5500 PDF
200 FIRST STREET SW - ROCHESTER, MN 55905507-284-0126mayoclinic.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#002Retirement-$6.04B assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WILLIAM BROWN
Signed 10/09/2019
(507) 284-0126
How to read this page

Summary metrics

Total assets (EOY)
$8402.5M
-5.6% from 2016
Total participants
74,146
-4.6% from 2016
Average account balance
$0
No prior year
Annual return
-0.59%
-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
Snapshot2018
Participant deferral / active EE
$0
median $242
Employer contribution / active EE
$2,690
median $4,311
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $7,764,297
Admin fee / account holder
$0
median $62,356
Annual return
-0.59%
median -3.24%
Overall peer rank
52nd 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
SIT INVESTMENT ASSOC.4+ years
Service code 28 · EIN 41-1404829
Investment Management
$2,617,030
HARRIS ASSOCIATES LP4+ years
Service code 28 · EIN 04-3276558
Investment Management
$2,508,156
NORTHERN TRUST COMPANY4+ years
Service code 19 · EIN 36-1561860
Securities Custodian
$2,504,766
SILCHESTER INTERNATIONAL INVESTOR4+ years
Service code 28 · EIN 36-7045783
Investment Management
$1,576,646
MORANT WRIGHT4+ years
Service code 28
Investment Management
$1,532,886
WALTER SCOTT TOTAL4+ years
Service code 28
Investment Management
$1,444,191
MARATHON4+ years
Service code 28 · EIN 44-6201673
Investment Management
$1,167,620
TCW4+ years
Service code 28 · EIN 95-4597302
Investment Management
$801,994
TOWERS WATSON DELEWARE, INC4+ years
Service code 11 · EIN 53-0181291
Actuarial
$580,490
LAZARD4+ years
Service code 28 · EIN 05-0530199
Investment Management
$492,498

Enrolled actuary

1 attachment
SB

JAMES J. ANDREWS

WILLIS TOWERS WATSON US LLC
Enrollment #1705332
8400 NORMANDALE LAKE BOULEVARD
MINNEAPOLIS, MN 554373837
(952) 842-7000
Signed 2019-10-08

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 codes1A3H
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).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

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

Expense breakdown

Schedule H Part II
Admin total
$20.0M
$328 / participant
  • Investment mgmt$12M58.4%
  • Contract admin$5K0.0%
  • Other / not subdivided$8M41.6%
% of EOY assets
0.239%
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
ERNST & YOUNG
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified