# Mayo Clinic DB Plan
Source: https://planprovider.pro/companies/mayo-clinic-plan-001

> Mayo Clinic's DB plan: 74,151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mayo Clinic

- **Sponsor EIN:** 416011702

- **Sponsor Address:** 200 FIRST STREET SW, ROCHESTER, MN, 55905

- **Plan Type:** DB

- **Total Participants:** 74,151

- **Total Assets:** $11.8B

## 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|74,151|$11.8B|$266.5M|$0|

| 2023|71,743|$11.0B|$275.9M|$0|

| 2022|69,154|$10.3B|$263.4M|$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|

| SIT INVESTMENT ASSOC.|NONE|$5,105,484|—|$5,105,484|

| THE NORTHERN TRUST COMPANY|NONE|$2,922,481|—|$2,922,481|

| WALTER SCOTT|NONE|$2,423,161|—|$2,423,161|

| SILCHESTER INTERNATIONAL INVESTOR|NONE|$2,192,654|—|$2,192,654|

| MORANT WRIGHT|NONE|$1,583,021|—|$1,583,021|

| MARATHON - LONDON|NONE|$986,445|—|$986,445|

| CAPE ANN ASSET MANAGEMENT|NONE|$849,089|—|$849,089|

| HARRIS ASSOCIATES LP|NONE|$715,641|—|$715,641|

| LAZARD ASSET MANAGEMENT|NONE|$669,731|—|$669,731|

| WILLIS TOWERS WATSON US LLC|NONE|$598,685|—|$598,685|

| TCW|NONE|$553,067|—|$553,067|

| T.ROWE PRICE ASSOCIATES, INC.|NONE|$341,247|—|$341,247|

| ERNST & YOUNG US LLP|NONE|$272,660|—|$272,660|

| NALANDA CAPITAL|NONE|$216,491|—|$216,491|

| MAYO CLINIC|NONE|$109,492|—|$109,492|

| CANTILLON|NONE|$100,000|—|$100,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WILLIS TOWERS WATSON US LLC](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [ERNST & YOUNG US LLP](https://planprovider.pro/provider/ernst-and-young-llp) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $19,639,349

- **Estimated Expense Ratio:** 0.166% 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|$25,752,029|$15,527,894|—|$272,660|—|

| 2023|$22,964,077|$12,837,826|—|$204,400|—|

| 2022|$24,181,948|$13,728,311|—|—|$3,198,781|

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