PlanOptica
Retirement plan

MAYO 403(B) PLAN

MAYO CLINICEIN 41-6011702Plan #002PY 2015
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200 FIRST STREET SW - ROCHESTER, MN 55905507-284-0126mayoclinic.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
4 filings
#001Retirement-$7.28B assets#003Retirement--#004Retirement--#005Retirement--
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WILLIAM BROWN
Signed 10/07/2016
(507) 284-0126
How to read this page

Summary metrics

Total assets (EOY)
$4063.4M
-14.0% from 2016
Total participants
75,938
-4.3% from 2016
Average account balance
$60,866
-8.1% from 2016
Annual return
9.00%
-0.29 pp from 2016

Benchmarks

See 182 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort182 peers
Snapshot2015
Participant deferral / active EE
$4,820
median $2,716
Employer contribution / active EE
$1,275
median $1,045
Participation rate
85.9%
median 71.6%
Avg account balance
$60,866
median $41,617
Admin fee / account holder
$42
median $28
Annual return
9.00%
median 1.22%
Overall peer rank
69th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$12.80B
Average account balance
Total assets / participants with a balance (line 6g)
$122K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
104,493
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
88.3%
Contributions (total)
Employer and participant dollars contributed each year
$783.38M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.26%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$77
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
FINANACIAL ENGINES1+ years
Service code 27 · EIN 77-0473565
Advisory (Plan)
$2,816,090
THE PRUDENTIAL INSURANCE COMPANY1+ years
Service code 27 · EIN 22-1211670
Advisory (Plan)
$34,070
LINCOLN NATIONAL CORPORATION1+ years
Service code 13 · EIN 35-1140070
Contract Administrator
$898
FIDELITY INV INST CO, INC1+ years
Service code 60
Sub-TA Fees
$0
FIDELITY INV INST OP CO, INC1+ years
Service code 60 · EIN 04-2647786
Sub-TA Fees
-$16,526

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 codes2L2M
Plan features
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2M
    Code section 403(b)(7) accounts
    Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$2.8M
$43 / participant
  • Investment mgmt$3M100.0%
% of EOY assets
0.070%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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