Retirement plan

FRESENIUS MEDICAL CARE NORTH AMERICA 401 (K) SAVINGS PLAN

Name: NATIONAL MEDICAL CARE, INC. - FRESENIUS MEDICAL CARE NORTH AMERICA 401 (K) SAVINGS PLAN (2022) Form 5500
Creator: NATIONAL MEDICAL CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRESENIUS MEDICAL CARE NORTH AMERICA 401 (K) SAVINGS PLAN, NATIONAL MEDICAL CARE, INC.

NATIONAL MEDICAL CARE, INC.EIN 04-2835488Plan #002PY 2022

920 WINTER STREET - WALTHAM, MA 02451781-699-9000LinkedIn1-10 employeeslegal services

Other plans on this EIN

1 filing

#001Retirement-$276.7M assets

Prospect flagsHigh feesLow participationHigh assets / participant

Top hat statement on fileNQDC

Filed February 10, 2005 (most recent of 3 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)

$3547.9M

-12.2% from 2021

Total participants

71,761

-4.2% from 2021

Average account balance

$6,117,040

+8309.2% from 2021

Annual return

-10.99%

-26.71 pp from 2021

Benchmarks

See 237 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort237 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.37B

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

49,065

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$354.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$1,923,289
BLACKROCK7 years Filed as: BLACKROCK INSTITUTIONAL TRUST COMPA Service code 13 · EIN 04-6171663	Contract Administrator	$761,081
WITHUMSMITH+BROWN, PC1 year Service code 10 · EIN 22-2027092	Accounting	$113,360
USI CONSULTING GROUP2 years Filed as: USI CONSULTING GROUP INC. Service code 49 · EIN 06-1053228	Other Services	$23,372
TEAL, BECKER & CHIARAMONTE CPAS PC1 year Filed as: TEAL BECKER & CHIARAMONTE Service code 16	Consulting	$11,500
SENTINEL PENSION ADVISORS1 year Filed as: SENTINEL BENEFITS GROUP, LLC Service code 16 · EIN 20-5916766	Consulting	$5,437
FINDLEY5 years Service code 50 · EIN 34-1213174	Direct Payment	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$4.2M

$66 / participant

Investment mgmt$567K13.6%
Contract admin$3M67.6%
Other / not subdivided$778K18.7%

% of EOY assets

0.117%

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: WITHUMSMITH + BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,117,040

$83,057+7264.9%

$143,797+4153.9%

$89,433+6739.8%

Participation rate

0.0%

74.0%-74.0pp

80.3%-80.3pp

71.3%-71.3pp

Annual return

-10.99%

-13.97%+3.0pp

-0.04%-11.0pp

-11.88%+0.9pp

Employer contribution / active EE

$1,276

$2,095-39.1%

$4,952-74.2%

$3,021-57.8%

Participant deferral / active EE

$4,253

$4,281-0.7%

$5,638-24.6%

$5,125-17.0%

Admin fee / account holder

$7,164

$83+8532.0%

$14,679-51.2%

$79+8923.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$1,923,289

BLACKROCK7 years

Filed as: BLACKROCK INSTITUTIONAL TRUST COMPA

Service code 13 · EIN 04-6171663

Contract Administrator

$761,081

WITHUMSMITH+BROWN, PC1 year

Service code 10 · EIN 22-2027092

Accounting

$113,360

USI CONSULTING GROUP2 years

Filed as: USI CONSULTING GROUP INC.

Service code 49 · EIN 06-1053228

Other Services

$23,372

TEAL, BECKER & CHIARAMONTE CPAS PC1 year

Filed as: TEAL BECKER & CHIARAMONTE

Service code 16

Consulting

$11,500

SENTINEL PENSION ADVISORS1 year

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 16 · EIN 20-5916766

Consulting

$5,437

FINDLEY5 years

Service code 50 · EIN 34-1213174

Direct Payment

FRESENIUS MEDICAL CARE NORTH AMERICA 401 (K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRESENIUS MEDICAL CARE NORTH AMERICA 401 (K) SAVINGS 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