Overview

Plan Rating

BrightScope Rating
72
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (42)
Average in Peer Group (70)
Highest in Peer Group (93)

Plan Description

Mayo 403(b) Plan is a defined contribution plan. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Total Plan Cost. Mayo 403(b) Plan currently has over 86,100 active participants and over $6.0B in plan assets.

Did you know?

For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (72) and the top rated plan (93) could equate to:
15
Additional years of work
45,098
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 200 First Street Sw
  • Location
    Rochester , MN
  • 55905
  • Industry
    Offices of Physicians, Mental Health Specialists
  • Administrator
    William Brown
  • Net Plan Assets
    $6,040,000,000
  • Total Participants
    86,000
  • Avg Account Balance
    $77,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Above Average

Design

Total Plan Cost:
Average Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Average
Salary Deferrals:
Average
Account Balance:
Below Avg.

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

173

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Institutional Index 11%
7%
Fidelity International Index 9%
38%
TIAA-CREF Traditional Annuity 9%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Prudential
Insurance Carrier
Hartford
Insurance Carrier
Lincoln Financial
Insurance Carrier
Valic
Insurance Carrier
TIAA-Nuveen
Insurance Advisor/Broker
Harley N. Sturgill
Insurance Advisor/Broker
Bascom P. Kurtz
Insurance Advisor/Broker
Mary R. Mccollum
Insurance Advisor/Broker
Christina A. Charbonneau
Insurance Advisor/Broker
James C. Bishop
Insurance Advisor/Broker
Mark A. Taylor
Insurance Advisor/Broker
Joshua Dale Nokes
Insurance Advisor/Broker
Elaine M Roberts
Insurance Advisor/Broker
Steve Boeckmann
Investment Adviser
Financial Engines
Recordkeeper
Fidelity Inv Ins Op Com, Inc
Legal Counsel
Dorsey & Whitney
Auditor
Ernst & Young

Articles and Questions

Boeing Plan Report (Updated)

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Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
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