Retirement plan

MAINE MEDICAL CENTER PENSION PLAN

Name: MAINE MEDICAL CENTER - MAINE MEDICAL CENTER PENSION PLAN (2018) 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 2018

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

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.

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Total assets (EOY)

$577.9M

-7.2% from 2016

Total participants

7,387

+3.8% from 2016

Average account balance

No prior year

Annual return

-7.66%

-11.95 pp from 2016

Benchmarks

See 153 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort153 peers

Snapshot2018

Participant deferral / active EE

median $0

Employer contribution / active EE

$13,536

median $4,951

Participation rate

0.0%

median 0.0%

Avg account balance

median $58,400,878

Admin fee / account holder

median $292,663

Annual return

-7.66%

median -4.89%

Overall peer rank

41of 100

41st 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 9 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC4+ years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$684,800
CAMBRIDGE INVESTMENT RESEARCH4+ years Filed as: CAMBRIDGE ASSOCIATES Service code 16 · EIN 04-3515240	Consulting	$280,095
GENESIS ASSET MANAGERS LLP1 year Filed as: GENESIS ASSET MANAGERS, LLP Service code 28 · EIN 98-0425769	Investment Management	$235,757
GOLDMAN SACHS4+ years Filed as: 1607 CAPITAL PARTNERS Service code 28 · EIN 26-0529973	Investment Management	$216,974
INCOME RESEARCH & MANAGEMENT4+ years Filed as: INCOME RESEARCH MANAGEMENT Service code 28 · EIN 04-2955404	Investment Management	$181,679
ARROWSTREET CAPITAL3 years Service code 28 · EIN 04-3472863	Investment Management	$135,258
THE BANK OF NEW YORK MELLON4+ years Filed as: BANK OF NEW YORK MELLON Service code 18 · EIN 13-5160382	Investment management; Investment man...	$128,472
MARATHON ASSET MANAGEMENT2 years Filed as: MARATHON LONDON INTERNATIONAL Service code 28 · EIN 04-3237387	Investment Management	$95,274
STATE STREET GLOBAL ADVISORS2 years Service code 28 · EIN 81-4017137	Investment Management	$45,040

Enrolled actuary

1 attachment

KEVIN H. PRAY

WILLIS TOWERS WATSON US LLC

Enrollment #1704836

3340 PLAYERS CLUB PARKWAY

SUITE 200

MEMPHIS, TN 38125

(901) 930-0000

Signed 2019-10-10

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6.5M

$1730 / participant

Investment mgmt$1M18.2%
Other / not subdivided$5M81.8%

% of EOY assets

1.128%

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

$58,400,878-100.0%

$436,953-100.0%

$21,578,776-100.0%

Participation rate

0.0%

0.0%0pp

44.2%-44.2pp

0.0%0pp

Annual return

-7.66%

9.64%-17.3pp

-102.04%+94.4pp

33.37%-41.0pp

Employer contribution / active EE

$13,536

$8,034+68.5%

$36,232-62.6%

$11,253+20.3%

Participant deferral / active EE

$572-100.0%

$47-100.0%

$819-100.0%

Admin fee / account holder

$292,663-100.0%

$12,721-100.0%

$99,113-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC4+ years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$684,800

CAMBRIDGE INVESTMENT RESEARCH4+ years

Filed as: CAMBRIDGE ASSOCIATES

Service code 16 · EIN 04-3515240

Consulting

$280,095

GENESIS ASSET MANAGERS LLP1 year

Filed as: GENESIS ASSET MANAGERS, LLP

Service code 28 · EIN 98-0425769

Investment Management

$235,757

GOLDMAN SACHS4+ years

Filed as: 1607 CAPITAL PARTNERS

Service code 28 · EIN 26-0529973

Investment Management

$216,974

INCOME RESEARCH & MANAGEMENT4+ years

Filed as: INCOME RESEARCH MANAGEMENT

Service code 28 · EIN 04-2955404

Investment Management

$181,679

ARROWSTREET CAPITAL3 years

Service code 28 · EIN 04-3472863

Investment Management

$135,258

THE BANK OF NEW YORK MELLON4+ years

Filed as: BANK OF NEW YORK MELLON

Service code 18 · EIN 13-5160382

Investment management; Investment man...

$128,472

MARATHON ASSET MANAGEMENT2 years

Filed as: MARATHON LONDON INTERNATIONAL

Service code 28 · EIN 04-3237387

Investment Management

$95,274

STATE STREET GLOBAL ADVISORS2 years

Service code 28 · EIN 81-4017137

Investment Management

$45,040

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