Retirement plan

MAYO COMMUNITY 403(B) PLAN

MAYO CLINICEIN 41-6011702Plan #005PY 2015
200 FIRST STREET SW - ROCHESTER, MN 55905mayoclinic.orgLinkedIn10001+ employeeshospital & health care
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WILLIAM BROWN
Signed 03/31/2016

Summary metrics

Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-94.39%
No prior year
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants<25
Cohort102,327 peers
Snapshot2015
Participant deferral / active EE
$0
median $4,680
Employer contribution / active EE
$0
median $3,216
Participation rate
0.0%
median 100.0%
Avg account balance
$0
median $90,046
Admin fee / account holder
$0
median $581
Annual return
-94.39%
median -1.54%
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 4 by compensation
ProviderService typeCompensation
Service code 27 · EIN 77-0473565
Advisory (Plan)
$33,109
Service code 64 · EIN 04-2647786
Recordkeeping Fees
$3,757
Service code 60
Sub-TA Fees
$0
Service code 60
Sub-TA Fees
$0

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.

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

3 tripped
  • OpportunityLow returns

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

  • 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
$38K
  • Other / not subdivided$38K100.0%
% 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
RSM US LLP
Auditor EIN
420714325
Audit fees
(not subdivided)
Opinion code
Disclaimer