Plan5500

Mayo 403(B) Plan — Form 5500 plan (Mayo Clinic)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Mayo 403(B) Plan is a benefit plan reported by Mayo Clinic under EIN 41-6011702 and plan number 002. The latest loaded filing year is 2023. The filing reports 108,142 participants and $11,206,302,019 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Mayo Clinic
EIN
41-6011702
Plan number
002
Plan type
2
Location
Rochester, MN
Latest filing year
2023
Participants
108,142
End-of-year plan assets
$11,206,302,019

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023108,142H, C20240822102212NAL0002988163001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$11,206,302,019
Total liabilities (EOY)
$0
Net assets (EOY)
$11,206,302,019
Net assets (BOY)
$9,453,323,372

Income & contributions

Employer contributions
$141,653,234
Participant contributions
$591,782,015
Total contributions
$866,985,418
Total income / additions
$2,421,068,068

Expenses & distributions

Benefits paid
$663,766,379
Administrative expenses
$6,313,190
Total expenses
$670,141,489
Net increase / (decrease)
$1,750,926,579

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Financial EnginesADVISOR$8,499,963not reported in the loaded dataset2023
Fidelity Inv Ins Op Com, IncRECORDKEEPER-$2,184,268$2,806,9802023
Towers Watson Investment ServicesCONSULTANT$7,360not reported in the loaded dataset2023

Related Form 5500 pages