PlanOptica
Retirement plan

BETH ISRAEL LAHEY HEALTH DEFINED BENEFIT PLAN II

BETH ISRAEL LAHEY HEALTH, INC.EIN 83-2671600Plan #002PY 2022
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
#001Retirement-$709.0M assets
Prospect flagsHigh retiree %Low employer 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)
$524.2M
+27.4% from 2022
Total participants
6,111
+5.0% from 2022
Average account balance
$0
No prior year
Annual return
-12.25%
+3113.01 pp from 2022

Benchmarks

See 112 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort112 peers
Snapshot2022
Participant deferral / active EE
$0
median $212
Employer contribution / active EE
$2,951
median $5,024
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-12.25%
median -16.07%
Overall peer rank
50th percentileavg across 6 metrics

Analytics

2021 - 2025
Total assets (EOY)
Plan-year ending balance
$545.85M
Average account balance
Total assets / participants with a balance (line 6g)
$95K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,162
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
$23.61M
Contributions per participant
Average employer and participant contribution per enrolled participant
$15K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.73%
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 by compensation
ProviderService typeCompensation
BETH ISRAEL LAHEY HEALTH2+ years
Service code 14 · EIN 83-2671600
Plan Administrator
$3,037,973
WILLIS TOWERS WATSON LLC2+ years
Service code 11 · EIN 53-0181291
Actuarial
$522,098
STATE STREET GLOBAL ADVISORS2+ years
Service code 27 · EIN 81-4017137
Advisory (Plan)
$252,743
SANDERSON ASSET MANAGEMENT LLP2+ years
Service code 28 · EIN 20-0348128
Investment Management
$187,961
LOOMIS SAYLES TRUST COMPANY2+ years
Service code 28 · EIN 20-8080381
Investment Management
$137,633
PRIME BUCHHOLZ LLC2+ years
Service code 28 · EIN 02-1426421
Investment Management
$102,908
RIVER AND MERCANTILE SOLUTIONS2+ years
Service code 28
130 TURNER STREET · WALTHAM, MA 02453
Investment Management
$51,379
ROCKLAND TRUST2+ years
Service code 21 · EIN 04-1782600
Bank Trustee
$27,568
THE ANGELL PENSION GROUP, INC.2+ years
Service code 11 · EIN 04-2530412
Actuarial
$24,749
STATE STREET BANK & TRUST CO.2+ years
Service code 19 · EIN 04-1867445
Securities Custodian
$5,415

Enrolled actuary

1 attachment
SB

JENNIFER BURNS

WILLIS TOWERS WATSON US LLC
Enrollment #2307363
75 ARLINGTON ST, FLOOR 10
BOSTON, MA 02116
(617) 638-3700
Signed 2023-04-05

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

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant 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
$10.0M
$4919 / participant
  • Investment mgmt$377K3.8%
  • Other / not subdivided$10M96.2%
% of EOY assets
1.900%
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