Plan Snapshot
- Plan Sponsor: Mayo Clinic Hospital - Rochester
- Sponsor EIN: 410944601
- Sponsor Address: 200 FIRST STREET SW, ROCHESTER, MN, 559050001
- Plan Type: DB
- Total Participants: 1,351
- Total Assets: $93.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,351 | $93.3M | $2.8M | $0 |
| 2023 | 1,247 | $90.1M | $3.2M | $0 |
| 2022 | 1,246 | $85.2M | $13.4M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | NONE | $59,008 | — | $59,008 |
| MARATHON - LONDON | NONE | $52,255 | — | $52,255 |
| THE NORTHERN TRUST COMPANY | NONE | $27,418 | — | $27,418 |
| ERNST & YOUNG US LLP | NONE | $26,000 | — | $26,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
- ERNST & YOUNG US LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $164,681
- Estimated Expense Ratio: 0.177% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $326,790 | $52,255 | — | $26,000 | — |
| 2023 | $298,290 | $43,480 | — | $26,000 | — |
| 2022 | $282,062 | $42,785 | — | — | $92,317 |