Retirement plan

HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 401(K) SAVINGS AND INVESTMENT PLAN

Name: HARVARD MED. FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MED. CTR. INC - HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 401(K) SAVINGS AND INVESTMENT PLAN (2023) Form 5500
Creator: HARVARD MED. FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MED. CTR. INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 401(K) SAVINGS AND INVESTMENT PLAN, HARVARD MED. FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MED. CTR. INC

HARVARD MED. FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MED. CTR. INCEIN 22-2768204Plan #001PY 2023

THE MASCO BUILDING - THIRD FLOOR, 375 LONGWOOD AVE - BOSTON, MA 02215781-528-2850

Other plans on this EIN

1 filing

#002Retirement-$1.13B assets

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed December 28, 2020 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

375 Longwood Ave., 3rd Floor

Boston, MA 02215

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Plans declared (1)

Harvard Medical Faculty Physicians at Beth Israel Deaconess Medical Center, Inc. 457(b) Deferred Compensation Plan1,385 emp

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Total assets (EOY)

$722.2M

-10.5% from 2016

Total participants

3,052

+10.0% from 2016

Average account balance

$273,450

-2.5% from 2016

Annual return

22.46%

-6.08 pp from 2016

Benchmarks

See 1,405 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,405 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$848.37M

Not enough data

1 years with asset history on file

Average account balance

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

$301K

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.

2,819

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+18.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INV INST OPS CO Service code 37 · EIN 04-2647786	Loan Processing	$213,951
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$84,191
SAGE ADVISORY SERVICES6 years Filed as: SAGE VIEW ADVISORY GROUP, LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$25,000
FID INV INST OPS CO6 years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$315K

$146 / participant

Recordkeeping$160K50.8%
Investment mgmt$130K41.2%
Contract admin$3250.1%
Other / not subdivided$25K7.9%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$273,450

$50,169+445.1%

$149,740+82.6%

$80,187+241.0%

Participation rate

80.9%

64.3%+16.6pp

78.8%+2.1pp

72.9%+7.9pp

Annual return

22.46%

29.82%-7.4pp

134.51%-112.1pp

40.40%-17.9pp

Employer contribution / active EE

$1,869-100.0%

$4,821-100.0%

$2,980-100.0%

Participant deferral / active EE

$15,245

$3,194+377.2%

$5,683+168.2%

$5,016+203.9%

Admin fee / account holder

$119

$153-21.9%

$13,222-99.1%

$145-17.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INV INST OPS CO

Service code 37 · EIN 04-2647786

Loan Processing

$213,951

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$84,191

SAGE ADVISORY SERVICES6 years

Filed as: SAGE VIEW ADVISORY GROUP, LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$25,000

FID INV INST OPS CO6 years

Service code 60

Sub-TA Fees

HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 401(K) SAVINGS AND INVESTMENT 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

HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 401(K) SAVINGS AND INVESTMENT 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