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: 499
- Total Assets: $44.3M
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 | 499 | $44.3M | $1.1M | $0 |
| 2023 | 476 | $42.6M | $1.2M | $0 |
| 2022 | 452 | $39.9M | $6.0M | $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 | Recordkeeper | $53,312 | — | $53,312 |
| MARATHON - LONDON | Other Service Provider | $27,192 | — | $27,192 |
| ERNST & YOUNG US LLP | Auditor | $26,000 | — | $26,000 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $18,467 | — | $18,467 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- ERNST & YOUNG US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,971
- Estimated Expense Ratio: 0.282% 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 | $190,342 | $27,192 | — | $26,000 | — |
| 2023 | $167,935 | $22,625 | — | $26,000 | — |
| 2022 | $160,096 | $22,264 | — | — | $81,776 |