Retirement plan

MAINE MEDICAL CENTER PENSION PLAN

Name: MAINE MEDICAL CENTER - MAINE MEDICAL CENTER PENSION PLAN (2017) 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 2017

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

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

How to read this page

Total assets (EOY)

$623.1M

-7.2% from 2016

Total participants

7,564

+3.8% from 2016

Average account balance

No prior year

Annual return

15.23%

-11.95 pp from 2016

Benchmarks

See 168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort168 peers

Snapshot2017

Participant deferral / active EE

median $1

Employer contribution / active EE

$5,346

median $4,462

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

15.23%

median 12.92%

Overall peer rank

64of 100

64th 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 11 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH3+ years Filed as: CAMBRIDGE ASSOCIATES Service code 16 · EIN 04-2562231	Consulting	$595,000
GOLDMAN SACHS3+ years Filed as: 1607 CAPITAL PARTNERS Service code 28 · EIN 26-0529973	Investment Management	$426,695
WILLIS TOWERS WATSON US LLC3+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$381,512
GENESIS ASSET MANAGERS LLP3+ years Filed as: GENESIS EMERGING MARKET Service code 28 · EIN 22-3163872	Investment Management	$221,181
INCOME RESEARCH & MANAGEMENT3+ years Filed as: INCOME RESEARCH MANAGEMENT Service code 28 · EIN 04-2955404	Investment Management	$119,948
THE BANK OF NEW YORK MELLON3+ years Filed as: BANK OF NEW YORK MELLON Service code 18 · EIN 13-5160382	Custodial (other than securities); In...	$114,527
ARROWSTREET CAPITAL2 years Service code 28 · EIN 04-3472863	Investment Management	$100,756
MARATHON ASSET MANAGEMENT1 year Filed as: MARATHON LONDON INTERNATIONAL Service code 28 · EIN 04-3237387	Investment Management	$93,924
STATE STREET GLOBAL ADVISORS1 year Service code 28 · EIN 81-4017137	Investment Management	$81,418
BAKER NEWMAN NOYES3+ years Filed as: BAKER NEWMAN NOYES LLC Service code 10 · EIN 01-0494526	Accounting	$30,500

Enrolled actuary

1 attachment

KEVIN H. PRAY

TOWERS WATSON DELAWARE INC.

Enrollment #1704836

3340 PLAYERS CLUB PARKWAY

SUITE 200

MEMPHIS, TN 38125

(901) 930-0000

Signed 2018-10-10

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

$6.2M

$1542 / participant

Investment mgmt$1M18.3%
Other / not subdivided$5M81.7%

% of EOY assets

1.002%

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

$198,173-100.0%

Participation rate

0.0%

0.0%0pp

42.0%-42.0pp

0.0%0pp

Annual return

15.23%

26.60%-11.4pp

10.16%+5.1pp

17.84%-2.6pp

Employer contribution / active EE

$5,346

$7,232-26.1%

$33,192-83.9%

$14,688-63.6%

Participant deferral / active EE

$539-100.0%

$66-100.0%

$770-100.0%

Admin fee / account holder

$7,531-100.0%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH3+ years

Filed as: CAMBRIDGE ASSOCIATES

Service code 16 · EIN 04-2562231

Consulting

$595,000

GOLDMAN SACHS3+ years

Filed as: 1607 CAPITAL PARTNERS

Service code 28 · EIN 26-0529973

Investment Management

$426,695

WILLIS TOWERS WATSON US LLC3+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$381,512

GENESIS ASSET MANAGERS LLP3+ years

Filed as: GENESIS EMERGING MARKET

Service code 28 · EIN 22-3163872

Investment Management

$221,181

INCOME RESEARCH & MANAGEMENT3+ years

Filed as: INCOME RESEARCH MANAGEMENT

Service code 28 · EIN 04-2955404

Investment Management

$119,948

THE BANK OF NEW YORK MELLON3+ years

Filed as: BANK OF NEW YORK MELLON

Service code 18 · EIN 13-5160382

Custodial (other than securities); In...

$114,527

ARROWSTREET CAPITAL2 years

Service code 28 · EIN 04-3472863

Investment Management

$100,756

MARATHON ASSET MANAGEMENT1 year

Filed as: MARATHON LONDON INTERNATIONAL

Service code 28 · EIN 04-3237387

Investment Management

$93,924

STATE STREET GLOBAL ADVISORS1 year

Service code 28 · EIN 81-4017137

Investment Management

$81,418

BAKER NEWMAN NOYES3+ 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

KEVIN H. PRAY

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

KEVIN H. PRAY

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