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Retirement plan

BETH ISRAEL LAHEY HEALTH DEFINED BENEFIT PLAN I

BETH ISRAEL LAHEY HEALTH, INC.EIN 83-2671600Plan #001PY 2021
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20 UNIVERSITY ROAD, SUITE 700 - CAMBRIDGE, MA 02138617-278-8800
Other plans on this EIN
1 filing
#002Retirement-$667.9M assets
Prospect flagsLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(617) 278-8800
How to read this page

Summary metrics

Total assets (EOY)
$854M
+20.5% from 2022
Total participants
14,803
+2.0% from 2022
Average account balance
$0
No prior year
Annual return
1105.06%
+1116.41 pp from 2022

Benchmarks

See 32 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants5,000-9,999
Cohort32 peers
Snapshot2021
Participant deferral / active EE
$38
median $0
Employer contribution / active EE
$6,460
median $3,570
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
1105.06%
median 10.92%
Overall peer rank
56th percentileavg across 6 metrics

Analytics

2021 - 2025
Total assets (EOY)
Plan-year ending balance
$702.79M
Average account balance
Total assets / participants with a balance (line 6g)
$51K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,799
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
$36.47M
Contributions per participant
Average employer and participant contribution per enrolled participant
$7K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.10%
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 24 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON LLC1+ years
Service code 11 · EIN 53-0181291
Actuarial
$591,590
FIDELITY INSTITUTIONAL ASSET MANAGE1+ years
Service code 28 · EIN 20-4659714
Investment Management
$235,369
AON CONSULTING, INC.1+ years
Service code 11 · EIN 36-3685404
Actuarial
$199,041
STATE STREET BANK & TRUST1+ years
Service code 18 · EIN 04-6736920
Recordkeeping fees; Direct payment fr...
$179,828
BNY MELLON1+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$164,406
STATE STREET GLOBAL ADVISORS1+ years
Service code 18 · EIN 81-4017137
Custodial (other than securities); In...
$150,940
CHARLES W. CAMMACK ASSOC1+ years
Service code 11 · EIN 13-3052851
Actuarial
$105,516
ELLIOTT INTERNATIONAL LIMITED1+ years
Service code 28
Investment Management
$89,423
ERNST & YOUNG LLP1+ years
Service code 10 · EIN 34-6565596
Accounting
$85,682
SILCHESTER INT'L INVS TOBACCO FREE1+ years
Service code 28 · EIN 36-7243326
Investment Management
$69,494

Enrolled actuary

1 attachment
SB

JENNIFER BURNS

WILLIS TOWERS WATSON US LLC
Enrollment #2007363
75 ARLINGTON STREET
FLOOR 10
BOSTON, MA 02116
(617) 638-3700
Signed 2023-01-27

Top hat statement on fileNQDC

Filed July 13, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view
20 University Road, Suite 700
Cambridge, MA 02138
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Beth Israel Lahey Health, Inc. Supplemental Executive Retirement Plan3 emp
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

1 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$2.4M
$382 / participant
  • Investment mgmt$702K29.8%
  • Other / not subdivided$2M70.2%
% of EOY assets
0.276%
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
BDO USA, LLP
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified