Retirement plan

UMASS MEMORIAL HEALTH CARE PENSION PLAN

Name: UMASS MEMORIAL HEALTH CARE, INC. - UMASS MEMORIAL HEALTH CARE PENSION PLAN (2020) Form 5500
Creator: UMASS MEMORIAL HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UMASS MEMORIAL HEALTH CARE PENSION PLAN, UMASS MEMORIAL HEALTH CARE, INC.

UMASS MEMORIAL HEALTH CARE, INC.EIN 04-3358566Plan #005PY 2020

WBC- 67 MILLBROOK STREET, NORTH BUILDING, 1ST FLOOR - WORCESTER, MA 01606508-334-8511ummhealth.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$1.09B assets #004Retirement-$453.2M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed March 5, 2021 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

ONE BIOTECH PARK, 365 PLANTATION STREET

WORCESTER, MA 01605

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Plans declared (1)

UMASS MEMORIAL HEALTH CARE 457(f) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN43 emp

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Total assets (EOY)

$995.4M

-15.2% from 2021

Total participants

11,503

-4.4% from 2021

Average account balance

No prior year

Annual return

3065.44%

+3047.22 pp from 2021

Benchmarks

See 30 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants5,000-9,999

Cohort30 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24B

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

4,218

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 3 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC1+ years Service code 11 · EIN 53-0181291	Actuarial	$1,302,813
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 25-6078093	Securities Custodian	$137,282
COHNREZNICK LLP1+ years Service code 10 · EIN 22-1478099	Accounting	$20,120

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

$1.5M

$181 / participant

Investment mgmt$137K9.2%
Other / not subdivided$1M90.8%

% of EOY assets

0.150%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,428-100.0%

Participation rate

0.0%

0.0%0pp

43.5%-43.5pp

0.0%0pp

Annual return

3065.44%

117.00%+2948.4pp

90.61%+2974.8pp

5230.06%-2164.6pp

Employer contribution / active EE

$14,638

$5,915+147.5%

$32,730-55.3%

$10,491+39.5%

Participant deferral / active EE

$76-100.0%

$40-100.0%

$460-100.0%

Admin fee / account holder

$12,805-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC1+ years

Service code 11 · EIN 53-0181291

Actuarial

$1,302,813

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 25-6078093

Securities Custodian

$137,282

COHNREZNICK LLP1+ years

Service code 10 · EIN 22-1478099

Accounting

$20,120

UMASS MEMORIAL HEALTH CARE PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UMASS MEMORIAL HEALTH CARE PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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