Retirement plan

MAINE MEDICAL CENTER PENSION PLAN

Name: MAINE MEDICAL CENTER - MAINE MEDICAL CENTER PENSION PLAN (2015) Form 5500
Creator: MAINE MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAINE MEDICAL CENTER PENSION PLAN, MAINE MEDICAL CENTER

MAINE MEDICAL CENTEREIN 01-0238552Plan #001PY 2015

22 BRAMHALL STREET - PORTLAND, ME 041023175207-662-0111LinkedIn10001+ employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$422.5M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed April 17, 2002

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.

Open the filing PDF

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Total assets (EOY)

$512.6M

-7.2% from 2016

Total participants

8,075

+3.8% from 2016

Average account balance

No prior year

Annual return

-5.58%

-11.95 pp from 2016

Benchmarks

See 171 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort171 peers

Snapshot2015

Participant deferral / active EE

median $0

Employer contribution / active EE

$8,349

median $4,018

Participation rate

0.0%

median 0.0%

Avg account balance

median $14,096,330

Admin fee / account holder

median $66,276

Annual return

-5.58%

median -2.02%

Overall peer rank

37of 100

37th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$795.02M

Average account balance

Total assets / participants with a balance (line 6g)

$133K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,664

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

$40.00M

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+7.90%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

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 13 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC1+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$419,765
GOLDMAN SACHS1+ years Filed as: 1607 CAPITAL PARTNERS Service code 28 · EIN 26-0529973	Investment Management	$318,754
WELLINGTON TRUST COMPANY1+ years Filed as: WELLINGTON MANAGEMENT COMPANY Service code 28 · EIN 04-2683227	Investment Management	$299,024
GENESIS ASSET MANAGERS LLP1+ years Filed as: GENESIS EMERGING MARKET Service code 28 · EIN 22-3163872	Investment Management	$187,074
COLCHESTER GLOBAL INVESTORS LIMITED1+ years Filed as: COLCHESTER GLOBAL BOND Service code 28 · EIN 36-7324183	Investment Management	$155,400
CAMBRIDGE INVESTMENT RESEARCH1+ years Filed as: CAMBRIDGE ASSOCIATES Service code 16 · EIN 04-2562231	Consulting	$134,223
SEI INVESTMENTS1+ years Filed as: JOHN W. BRISTOL & CO., INC. Service code 28 · EIN 47-0937315	Investment Management	$96,867
INCOME RESEARCH & MANAGEMENT1+ years Filed as: INCOME RESEARCH MANAGEMENT Service code 28 · EIN 04-2955404	Investment Management	$96,597
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF NEW YORK MELLON Service code 18 · EIN 13-5160382	Custodial (securities); Investment ma...	$61,840
BAKER NEWMAN NOYES1+ years Filed as: BAKER NEWMAN NOYES LLC Service code 10 · EIN 01-0494526	Accounting	$30,500

Enrolled actuary

1 attachment

GEORGE S. MARINO

TOWERS WATSON DELAWARE INC.

Enrollment #1407701

800 BOYLSTON STREET

BOSTON, MA 021998103

(617) 638-3855

Signed 2016-10-14

Plan features & details

Pension benefit codes1A1C3H

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).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5.5M

$1146 / participant

Investment mgmt$1M22.0%
Other / not subdivided$4M78.0%

% of EOY assets

1.071%

all-in expense ratio

Categories reported

1 / 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: BAKER NEWMAN & NOYES LLC
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,096,330-100.0%

$219,333-100.0%

$14,096,330-100.0%

Participation rate

0.0%

0.0%0pp

42.3%-42.3pp

0.0%0pp

Annual return

-5.58%

4.01%-9.6pp

-2.01%-3.6pp

1.67%-7.3pp

Employer contribution / active EE

$8,349

$6,352+31.4%

$34,453-75.8%

$10,506-20.5%

Participant deferral / active EE

$452-100.0%

$34-100.0%

$1,562-100.0%

Admin fee / account holder

$66,276-100.0%

$5,362-100.0%

$66,276-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC1+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$419,765

GOLDMAN SACHS1+ years

Filed as: 1607 CAPITAL PARTNERS

Service code 28 · EIN 26-0529973

Investment Management

$318,754

WELLINGTON TRUST COMPANY1+ years

Filed as: WELLINGTON MANAGEMENT COMPANY

Service code 28 · EIN 04-2683227

Investment Management

$299,024

GENESIS ASSET MANAGERS LLP1+ years

Filed as: GENESIS EMERGING MARKET

Service code 28 · EIN 22-3163872

Investment Management

$187,074

COLCHESTER GLOBAL INVESTORS LIMITED1+ years

Filed as: COLCHESTER GLOBAL BOND

Service code 28 · EIN 36-7324183

Investment Management

$155,400

CAMBRIDGE INVESTMENT RESEARCH1+ years

Filed as: CAMBRIDGE ASSOCIATES

Service code 16 · EIN 04-2562231

Consulting

$134,223

SEI INVESTMENTS1+ years

Filed as: JOHN W. BRISTOL & CO., INC.

Service code 28 · EIN 47-0937315

Investment Management

$96,867

INCOME RESEARCH & MANAGEMENT1+ years

Filed as: INCOME RESEARCH MANAGEMENT

Service code 28 · EIN 04-2955404

Investment Management

$96,597

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF NEW YORK MELLON

Service code 18 · EIN 13-5160382

Custodial (securities); Investment ma...

$61,840

BAKER NEWMAN NOYES1+ years

Filed as: BAKER NEWMAN NOYES LLC

Service code 10 · EIN 01-0494526

Accounting

$30,500

MAINE MEDICAL CENTER PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

GEORGE S. MARINO

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAINE MEDICAL CENTER PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

GEORGE S. MARINO

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion