Retirement plan

BETH ISRAEL DEACONESS MEDICAL CENTER PENSION PLAN

Name: BETH ISRAEL DEACONESS MEDICAL CENTER - BETH ISRAEL DEACONESS MEDICAL CENTER PENSION PLAN (2018) Form 5500
Creator: BETH ISRAEL DEACONESS MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETH ISRAEL DEACONESS MEDICAL CENTER PENSION PLAN, BETH ISRAEL DEACONESS MEDICAL CENTER

BETH ISRAEL DEACONESS MEDICAL CENTEREIN 04-2103881Plan #001PY 2018

330 BROOKLINE AVENUE - BOSTON, MA 022155400617-667-1700

Other plans on this EIN

2 filings

#004Retirement-$880.6M assets #005Retirement-$275.3M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed September 21, 2015 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

330 Brookline Ave.

Boston State: MA Zip Code: 02215

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Plans declared (1)

Beth Israel Deaconess Medical Center, Inc. Executive Retirement Program31 emp

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How to read this page

Total assets (EOY)

$371.6M

+0.9% from 2016

Total participants

8,883

+9.2% from 2016

Average account balance

No prior year

Annual return

-6.68%

-7.00 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

$2,673

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

-6.68%

median -4.89%

Overall peer rank

21of 100

21st percentileavg across 6 metrics

Analytics

2015 - 2019

Total assets (EOY)

Plan-year ending balance

Average account balance

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

$42K

Participants with account balance

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

4,815

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

$19.73M

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

2 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.63%

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 25 by compensation

Provider	Service type	Compensation
AON CONSULTING2 years Filed as: AON HEWITT ASSOCIATES Service code 11 · EIN 36-3685404	Actuarial	$322,709
REGIMENT SSF III1 year Service code 28 · EIN 90-0194601	Investment Management	$234,660
SILCHESTER INTERNATIONAL INVESTORS2 years Filed as: SILCHESTER INT'L INV TABACCO FREE Service code 28 · EIN 36-7243326	Investment Management	$221,664
STATE STREET GLOBAL ADVISORS4+ years Filed as: STATE STREET BANK Service code 18 · EIN 04-1867445	Custodial (other than securities); Di...	$159,301
ERNST & YOUNG LLP1 year Service code 10 · EIN 34-6565596	Accounting	$117,411
RIVA III4+ years Service code 28 · EIN 45-1564102	Investment Management	$109,699
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE ASSOC Service code 27 · EIN 04-2927339	Advisory (Plan)	$60,551
NORTHWOOD4+ years Service code 28 · EIN 68-0658357	Investment Management	$43,459
JP MORGAN INVESTMENT MANAGEMENT INC4+ years Filed as: RS INVESTMENT MANAGEMENT CO, LLC Service code 28 · EIN 94-3321067	Investment Management	$42,909
REGIMENT SSF V3 years Service code 28 · EIN 45-1671868	Investment Management	$35,033

Enrolled actuary

1 attachment

SHANE W. SIEFER

AON CONSULTING, INC.

Enrollment #1705990

230 THIRD AVENUE SUITE 600

WALTHAM, MA 02451

(781) 891-8600

Signed 2019-10-07

Plan features & details

Pension benefit codes1A1C1I3H

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).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

$6.9M

$1699 / participant

Investment mgmt$933K13.5%
Other / not subdivided$6M86.5%

% of EOY assets

1.860%

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: KPMG LLP
Auditor EIN: 133365207
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

-6.68%

9.64%-16.3pp

-102.04%+95.4pp

33.37%-40.1pp

Employer contribution / active EE

$2,673

$8,034-66.7%

$36,232-92.6%

$11,253-76.2%

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

AON CONSULTING2 years

Filed as: AON HEWITT ASSOCIATES

Service code 11 · EIN 36-3685404

Actuarial

$322,709

REGIMENT SSF III1 year

Service code 28 · EIN 90-0194601

Investment Management

$234,660

SILCHESTER INTERNATIONAL INVESTORS2 years

Filed as: SILCHESTER INT'L INV TABACCO FREE

Service code 28 · EIN 36-7243326

Investment Management

$221,664

STATE STREET GLOBAL ADVISORS4+ years

Filed as: STATE STREET BANK

Service code 18 · EIN 04-1867445

Custodial (other than securities); Di...

$159,301

ERNST & YOUNG LLP1 year

Service code 10 · EIN 34-6565596

Accounting

$117,411

RIVA III4+ years

Service code 28 · EIN 45-1564102

Investment Management

$109,699

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE ASSOC

Service code 27 · EIN 04-2927339

Advisory (Plan)

$60,551

NORTHWOOD4+ years

Service code 28 · EIN 68-0658357

Investment Management

$43,459

JP MORGAN INVESTMENT MANAGEMENT INC4+ years

Filed as: RS INVESTMENT MANAGEMENT CO, LLC

Service code 28 · EIN 94-3321067

Investment Management

$42,909

REGIMENT SSF V3 years

Service code 28 · EIN 45-1671868

Investment Management

$35,033

BETH ISRAEL DEACONESS MEDICAL CENTER PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

SHANE W. SIEFER

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETH ISRAEL DEACONESS MEDICAL CENTER PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

SHANE W. SIEFER

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