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Retirement plan

BETH ISRAEL LAHEY HEALTH DEFINED BENEFIT PLAN II

BETH ISRAEL LAHEY HEALTH, INC.EIN 83-2671600Plan #002PY 2024
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SCHRAFFT'S CITY CENTER 4TH FLOOR, 529 MAIN STREET, TAX DEPT. - CHARLESTOWN, MA 02129617-278-8800
Other plans on this EIN
1 filing
#001Retirement-$688.1M assets
Prospect flagsHigh retiree %

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)
$546.3M
+27.4% from 2022
Total participants
5,831
+5.0% from 2022
Average account balance
$0
No prior year
Annual return
9.35%
+3113.01 pp from 2022

Benchmarks

See 88 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants1,000-4,999
Cohort88 peers
Snapshot2024
Participant deferral / active EE
$0
median $93
Employer contribution / active EE
$23,884
median $6,672
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
9.35%
median 5.50%
Overall peer rank
73rd 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 8 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON LLC4+ years
Service code 11 · EIN 53-0181291
Actuarial
$250,132
LOOMIS SAYLES TRUST COMPANY4+ years
Service code 28 · EIN 20-8080381
Investment Management
$134,517
STATE STREET BANK & TRUST CO.4+ years
Service code 19 · EIN 04-1867445
Securities Custodian
$97,051
BDO USA, P.C.2 years
Service code 10 · EIN 13-5381590
Accounting
$59,387
BETH ISRAEL LAHEY HEALTH4+ years
Service code 14 · EIN 83-2671600
Plan Administrator
$51,827
STATE STREET GLOBAL ADVISORS4+ years
Service code 27 · EIN 81-4017137
Advisory (Plan)
$43,131
NEPC, LLC2 years
Service code 17 · EIN 26-1429809
Pension Consulting
$30,230
ERNST & YOUNG LLP1 year
Service code 10 · EIN 34-6565596
Accounting
$14,176

Enrolled actuary

1 attachment
SB

JENNIFER BURNS

WILLIS TOWERS WATSON US LLC
Enrollment #2307363
75 ARLINGTON ST, FLOOR 2
BOSTON, MA 02116
(617) 638-3700
Signed 2025-03-25

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
  • 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
$5.1M
$2972 / participant
  • Trustee / custodial$97K1.9%
  • Investment mgmt$208K4.0%
  • Actuarial$250K4.9%
  • Other / not subdivided$5M89.2%
% of EOY assets
0.942%
all-in expense ratio
Categories reported
3 / 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
$73,563
Opinion code
Unqualified