2023 Form 5500 filing — Mayo 403(B) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240822102212NAL0002988163001) for Mayo 403(B) Plan, reported by Mayo Clinic under EIN 41-6011702 and plan number 002. It reports 108,142 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240822102212NAL0002988163001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mayo Clinic
- EIN
- 41-6011702
- Plan number
- 002
- Location
- Rochester, MN
- Participants
- 108,142
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,206,302,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,206,302,019
- Employer contributions
- $141,653,234
- Participant contributions
- $591,782,015
- Total income / additions
- $2,421,068,068
- Benefits paid
- $663,766,379
- Administrative expenses
- $6,313,190
- Total expenses
- $670,141,489
- Net increase / (decrease)
- $1,750,926,579
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Financial Engines | ADVISOR | $8,499,963 | not reported in the loaded dataset |
| Fidelity Inv Ins Op Com, Inc | RECORDKEEPER | -$2,184,268 | $2,806,980 |
| Towers Watson Investment Services | CONSULTANT | $7,360 | not reported in the loaded dataset |