PlanOptica
Retirement plan

BETH ISRAEL LAHEY HEALTH DEFINED BENEFIT PLAN I

BETH ISRAEL LAHEY HEALTH, INC.EIN 83-2671600Plan #001PY 2023
Sign in to saveView 5500 PDF
SCHRAFFT'S CITY CENTER 4TH FLOOR, 529 MAIN STREET, TAX DEPT. - CHARLESTOWN, MA 02129617-278-8800
Other plans on this EIN
1 filing
#002Retirement-$509.7M assets
Prospect flagsHigh retiree %Low returnsLow 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)
$671.3M
+20.5% from 2022
Total participants
14,146
+2.0% from 2022
Average account balance
$0
No prior year
Annual return
1.97%
+1116.41 pp from 2022

Benchmarks

See 177 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort177 peers
Snapshot2023
Participant deferral / active EE
$40
median $40
Employer contribution / active EE
$0
median $5,730
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
1.97%
median 9.38%
Overall peer rank
9th 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 16 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON LLC3+ years
Service code 11 · EIN 53-0181291
Actuarial
$1,811,058
STATE STREET BANK & TRUST3+ years
Service code 28 · EIN 04-1867445
Investment Management
$188,615
NEPC, LLC2 years
Service code 17 · EIN 26-1429809
Pension Consulting
$164,997
STATE STREET GLOBAL ADVISORS3+ years
Service code 18 · EIN 81-4017137
Investment management fees paid direc...
$162,566
FIDELITY MANAGEMENT TRUST COMPANY3+ years
Service code 21 · EIN 04-2723880
Bank Trustee
$114,440
FIDELITY INSTITUTIONAL ASSET MANAGE3+ years
Service code 28 · EIN 20-4659714
Investment Management
$65,311
AON CONSULTING, INC.3+ years
Service code 11 · EIN 36-3685404
Actuarial
$58,483
NHIT STRATEGIC ALPHA TRUST2 years
Service code 51 · EIN 27-6848787
Investment Mgmt Fees
$27,163
BDO USA, P.C.1 year
Service code 10 · EIN 13-5381590
Accounting
$20,685
RIVERWOOD CAPITAL MANAGEMENT L.P.2 years
Service code 27 · EIN 26-4649660
Advisory (Plan)
$15,717

Enrolled actuary

1 attachment
SB

JENNIFER BURNS

WILLIS TOWERS WATSON US LLC
Enrollment #2307363
75 ARLINGTON STREET
FLOOR 2
BOSTON, MA 02116
(617) 638-3700
Signed 2024-03-27

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

3 tripped
  • OpportunityLow participant contribution

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

  • OpportunityLow returns

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

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$10.9M
$1984 / participant
  • Investment mgmt$493K4.5%
  • Other / not subdivided$10M95.5%
% of EOY assets
1.617%
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, P.C.
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified