PlanOptica
Retirement plan

MAYO PENSION PLAN

MAYO CLINICEIN 41-6011702Plan #001PY 2019
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200 FIRST STREET SW - ROCHESTER, MN 55905507-284-0126mayoclinic.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
1 filing
#002Retirement-$7.64B assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WILLIAM BROWN
Signed 10/16/2020
(507) 284-0126
How to read this page

Summary metrics

Total assets (EOY)
$9717.8M
-5.6% from 2016
Total participants
75,896
-4.6% from 2016
Average account balance
$0
No prior year
Annual return
14.69%
-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
Snapshot2019
Participant deferral / active EE
$0
median $181
Employer contribution / active EE
$8,693
median $5,091
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $69,208,052
Admin fee / account holder
$0
median $454,372
Annual return
14.69%
median 15.63%
Overall peer rank
57th 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 17 by compensation
ProviderService typeCompensation
SIT INVESTMENT ASSOC.5+ years
Service code 28 · EIN 41-1404829
Investment Management
$2,499,594
HARRIS ASSOCIATES LP5+ years
Service code 28 · EIN 04-3276558
Investment Management
$2,471,123
WALTER SCOTT TOTAL5+ years
Service code 28
Investment Management
$2,103,322
NORTHERN TRUST COMPANY5+ years
Service code 19 · EIN 36-1561860
Securities Custodian
$1,945,576
MORANT WRIGHT5+ years
Service code 28
Investment Management
$1,546,828
SILCHESTER INTERNATIONAL INVESTOR5+ years
Service code 28 · EIN 36-7045783
Investment Management
$1,506,873
MARATHON5+ years
Service code 28 · EIN 44-6201673
Investment Management
$1,100,424
TCW5+ years
Service code 28 · EIN 95-4597302
Investment Management
$773,206
LAZARD5+ years
Service code 28 · EIN 05-0530199
Investment Management
$516,232
WILLIS TOWERS WATSON US LLC1 year
Service code 11 · EIN 53-0181291
Actuarial
$477,354

Enrolled actuary

1 attachment
SB

JAMES J. ANDREWS

WILLIS TOWERS WATSON US LLC
Enrollment #2005332
8400 NORMANDALE LAKE BOULEVARD
MINNEAPOLIS, MN 554373837
(952) 842-7000
Signed 2020-10-01

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
$21.8M
$345 / participant
  • Investment mgmt$13M60.4%
  • Other / not subdivided$9M39.6%
% of EOY assets
0.224%
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
ERNST & YOUNG
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified