PlanOptica
Retirement plan

OKEFENOKEE HEALTH SYSTEM 403(B) PLAN

MAYO CLINICEIN 41-6011702Plan #003PY 2017
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200 FIRST STREET SW - ROCHESTER, MN 55905507-284-3332mayoclinic.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#001Retirement-$8.83B assets#002Retirement-$5.97B assets
Prospect flagsRecently cancelled planLow returnsFailed to provide benefitCorrective distributionsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
DAVID SCHUITEMA
Signed 04/17/2018 (sponsor) / 04/17/2018 (admin)
(507) 284-3332
How to read this page

Summary metrics

Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-32.59%
-65.94 pp from 2017

Benchmarks

See 106,901 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants<25
Cohort106,901 peers
Snapshot2017
Participant deferral / active EE
$0
median $4,790
Employer contribution / active EE
$0
median $3,111
Participation rate
0.0%
median 100.0%
Avg account balance
$0
median $101,832
Admin fee / account holder
$0
median $665
Annual return
-32.59%
median 14.49%
Overall peer rank
1st percentileavg across 6 metrics

Analytics

Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Top 2 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years
Service code 60 · EIN 04-2647786
Sub-TA Fees
$122,699
FINANCIAL ENGINES3+ years
Service code 27 · EIN 77-0473565
Advisory (Plan)
$45,594

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 codes2E2F2G2J2K2L2R2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 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

5 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

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

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$168K
  • Other / not subdivided$168K100.0%
% of EOY assets
-
all-in expense ratio
Categories reported
0 / 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
ERNST & YOUNG
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Disclaimer