Retirement plan

DANA-FARBER CANCER INSTITUTE TAX DEFERRED ANNUITY PLAN

Name: DANA-FARBER CANCER INSTITUTE, INC. - DANA-FARBER CANCER INSTITUTE TAX DEFERRED ANNUITY PLAN (2020) Form 5500
Creator: DANA-FARBER CANCER INSTITUTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANA-FARBER CANCER INSTITUTE TAX DEFERRED ANNUITY PLAN, DANA-FARBER CANCER INSTITUTE, INC.

DANA-FARBER CANCER INSTITUTE, INC.EIN 04-2263040Plan #004PY 2020

450 BROOKLINE AVE - BOSTON, MA 022155418617-632-3052dana-farber.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

3 filings

#003Retirement-$660.2M assets #001Retirement-$35.5M assets #002Retirement--

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed December 20, 2013 (most recent of 2 filings on file)

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)

$575.5M

-13.6% from 2016

Total participants

9,394

-10.9% from 2016

Average account balance

$64,455

-14.2% from 2016

Annual return

17.88%

-6.39 pp from 2016

Benchmarks

See 223 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort223 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$869.54M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

Not enough data

1 years with per-participant data

Participants with account balance

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

10,876

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

68.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$58,219
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$40,200
DANA-FARBER CANCER INSTITUTE6+ years Service code 30 · EIN 04-2263040	Employee (plan)	$38,722
EDUKATE, INC5 years Service code 49 · EIN 46-3834941	Other Services	$25,000
CAMMACK LARHETTE ADVISORS5 years Service code 28 · EIN 20-4668732	Investment Management	$24,375
CARON & BLETZER, PLLC6+ years Service code 10 · EIN 04-3499945	Accounting	$24,175
MCDERMOTT WILL & EMERY LLP1 year Filed as: MCDERMOTT WILL & EMORY Service code 29 · EIN 36-1453176	Legal	$6,078
TIAA4 years Service code 15 · EIN 13-1624203	Recordkeeping	$950
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070	Contract Administrator	$275
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INV. INS. OPS. CO., INC. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2G2L2M2T2F

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$218K

$41 / participant

Investment mgmt$24K11.2%
Contract admin$59K27.3%
Other / not subdivided$134K61.5%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,455

$63,259+1.9%

$178,510-63.9%

$93,223-30.9%

Participation rate

91.2%

72.1%+19.0pp

81.9%+9.2pp

74.9%+16.3pp

Annual return

17.88%

19.93%-2.0pp

151.13%-133.2pp

19.29%-1.4pp

Employer contribution / active EE

$1,865-100.0%

$5,011-100.0%

$2,680-100.0%

Participant deferral / active EE

$6,941

$3,372+105.8%

$5,202+33.4%

$4,563+52.1%

Admin fee / account holder

$24

$58-57.9%

$13,988-99.8%

$79-69.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$58,219

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$40,200

DANA-FARBER CANCER INSTITUTE6+ years

Service code 30 · EIN 04-2263040

Employee (plan)

$38,722

EDUKATE, INC5 years

Service code 49 · EIN 46-3834941

Other Services

$25,000

CAMMACK LARHETTE ADVISORS5 years

Service code 28 · EIN 20-4668732

Investment Management

$24,375

CARON & BLETZER, PLLC6+ years

Service code 10 · EIN 04-3499945

Accounting

$24,175

MCDERMOTT WILL & EMERY LLP1 year

Filed as: MCDERMOTT WILL & EMORY

Service code 29 · EIN 36-1453176

Legal

$6,078

TIAA4 years

Service code 15 · EIN 13-1624203

Recordkeeping

$950

LINCOLN NATIONAL CORPORATION6+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$275

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INV. INS. OPS. CO., INC.

Service code 60

Sub-TA Fees

DANA-FARBER CANCER INSTITUTE TAX DEFERRED ANNUITY PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANA-FARBER CANCER INSTITUTE TAX DEFERRED ANNUITY PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

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