Retirement plan

MAINE MEDICAL CENTER PENSION PLAN

Name: MAINE MEDICAL CENTER - MAINE MEDICAL CENTER PENSION PLAN (2016) 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 2016

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

Other plans on this EIN

1 filing

#002Retirement-$540.7M assets

Prospect flagsNo flags tripped

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)

$552.1M

-7.2% from 2016

Total participants

7,779

+3.8% from 2016

Average account balance

No prior year

Annual return

6.36%

-11.95 pp from 2016

Benchmarks

See 188 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort188 peers

Snapshot2016

Participant deferral / active EE

median $0

Employer contribution / active EE

$9,160

median $4,704

Participation rate

0.0%

median 0.0%

Avg account balance

median $381,942,733

Admin fee / account holder

median $2,655,710

Annual return

6.36%

median 6.51%

Overall peer rank

57of 100

57th 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 LLC2+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$490,759
CAMBRIDGE INVESTMENT RESEARCH2+ years Filed as: CAMBRIDGE ASSOCIATES Service code 16 · EIN 04-2562231	Consulting	$441,916
GOLDMAN SACHS2+ years Filed as: 1607 CAPITAL PARTNERS Service code 28 · EIN 26-0529973	Investment Management	$315,321
GENESIS ASSET MANAGERS LLP2+ years Filed as: GENESIS EMERGING MARKET Service code 28 · EIN 22-3163872	Investment Management	$182,090
WELLINGTON TRUST COMPANY2+ years Filed as: WELLINGTON MANAGEMENT COMPANY Service code 28 · EIN 04-2683227	Investment Management	$180,742
THE BANK OF NEW YORK MELLON2+ years Filed as: BANK OF NEW YORK MELLON Service code 18 · EIN 13-5160382	Other fees; Investment management fee...	$172,646
INCOME RESEARCH & MANAGEMENT2+ years Filed as: INCOME RESEARCH MANAGEMENT Service code 28 · EIN 04-2955404	Investment Management	$161,275
COLCHESTER GLOBAL INVESTORS LIMITED2+ years Filed as: COLCHESTER GLOBAL BOND Service code 28 · EIN 36-7324183	Investment Management	$119,898
STATE STREET GLOBAL ADVISORS2+ years Filed as: STATE STREET BANK AND TRUST CO Service code 28 · EIN 04-0025081	Investment Management	$51,967
ARROWSTREET CAPITAL1 year Service code 28 · EIN 04-3472863	Investment Management	$50,000

Enrolled actuary

1 attachment

GEORGE S. MARINO

TOWERS WATSON DELAWARE INC.

Enrollment #1707701

800 BOYLSTON STREET

BOSTON, MA 021998103

(617) 638-3855

Signed 2017-10-10

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6.8M

$1564 / participant

Investment mgmt$2M22.5%
Other / not subdivided$5M77.5%

% of EOY assets

1.237%

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

$381,942,733-100.0%

$219,466-100.0%

$381,942,733-100.0%

Participation rate

0.0%

0.0%0pp

44.6%-44.6pp

0.0%0pp

Annual return

6.36%

9.41%-3.0pp

5.00%+1.4pp

9.19%-2.8pp

Employer contribution / active EE

$9,160

$8,353+9.7%

$35,918-74.5%

$12,608-27.4%

Participant deferral / active EE

$340-100.0%

$75-100.0%

$1,615-100.0%

Admin fee / account holder

$2,655,710-100.0%

$13,204-100.0%

$2,655,710-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$490,759

CAMBRIDGE INVESTMENT RESEARCH2+ years

Filed as: CAMBRIDGE ASSOCIATES

Service code 16 · EIN 04-2562231

Consulting

$441,916

GOLDMAN SACHS2+ years

Filed as: 1607 CAPITAL PARTNERS

Service code 28 · EIN 26-0529973

Investment Management

$315,321

GENESIS ASSET MANAGERS LLP2+ years

Filed as: GENESIS EMERGING MARKET

Service code 28 · EIN 22-3163872

Investment Management

$182,090

WELLINGTON TRUST COMPANY2+ years

Filed as: WELLINGTON MANAGEMENT COMPANY

Service code 28 · EIN 04-2683227

Investment Management

$180,742

THE BANK OF NEW YORK MELLON2+ years

Filed as: BANK OF NEW YORK MELLON

Service code 18 · EIN 13-5160382

Other fees; Investment management fee...

$172,646

INCOME RESEARCH & MANAGEMENT2+ years

Filed as: INCOME RESEARCH MANAGEMENT

Service code 28 · EIN 04-2955404

Investment Management

$161,275

COLCHESTER GLOBAL INVESTORS LIMITED2+ years

Filed as: COLCHESTER GLOBAL BOND

Service code 28 · EIN 36-7324183

Investment Management

$119,898

STATE STREET GLOBAL ADVISORS2+ years

Filed as: STATE STREET BANK AND TRUST CO

Service code 28 · EIN 04-0025081

Investment Management

$51,967

ARROWSTREET CAPITAL1 year

Service code 28 · EIN 04-3472863

Investment Management

$50,000

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