PlanOptica
Retirement plan

MAYO PENSION PLAN

MAYO CLINICEIN 41-6011702Plan #001PY 2023
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-$11.21B assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WILLIAM BROWN
Signed 10/14/2024
(507) 284-0126
How to read this page

Summary metrics

Total assets (EOY)
$11032.9M
-5.6% from 2016
Total participants
89,614
-4.6% from 2016
Average account balance
$0
No prior year
Annual return
8.48%
-1.91 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$3,845
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
8.48%
median 8.27%
Overall peer rank
38th 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 14 by compensation
ProviderService typeCompensation
SIT INVESTMENT ASSOC.9+ years
Service code 28 · EIN 41-1404829
Investment Management
$3,627,590
WALTER SCOTT2 years
Service code 28 · EIN 98-0465834
Investment Management
$2,158,727
WILLIS TOWERS WATSON US LLC5 years
Service code 11 · EIN 53-0181291
Actuarial
$1,988,850
SILCHESTER INTERNATIONAL INVESTOR9+ years
Service code 28 · EIN 36-7045783
Investment Management
$1,944,908
THE NORTHERN TRUST COMPANY4 years
Service code 19 · EIN 36-1561860
Securities Custodian
$1,887,843
MORANT WRIGHT9+ years
Service code 28
Investment Management
$1,335,883
MARATHON - LONDON3 years
Service code 28 · EIN 44-6201673
Investment Management
$1,284,693
HARRIS ASSOCIATES LP9+ years
Service code 28 · EIN 04-3276558
Investment Management
$1,192,346
LAZARD ASSET MANAGEMENT3 years
Service code 28 · EIN 05-0530199
Investment Management
$590,808
TCW9+ years
Service code 28 · EIN 95-4597302
Investment Management
$542,937

Enrolled actuary

1 attachment
SB

JAMES J. ANDREWS

WILLIS TOWERS WATSON US LLC
Enrollment #2305332
8400 NORMANDALE LAKE BOULEVARD
SUITE 1700
BLOOMINGTON, MN 55437
(952) 842-7000
Signed 2024-09-20

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
$23.0M
$320 / participant
  • Trustee / custodial$2M9.6%
  • Investment mgmt$13M55.9%
  • Actuarial$2M8.7%
  • Other / not subdivided$6M25.8%
% of EOY assets
0.208%
all-in expense ratio
Categories reported
3 / 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
$204,400
Opinion code
Unqualified