Mayo Healthcare, Inc.403(b)
MAYO HEALTHCARE RETIREMENT SAVINGS 403(B) PLAN · NORTHFIELD, VT · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Mayo Healthcare, Inc. reported $23,654 in plan administrative expenses for 2023: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $439 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.89% to 1.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Vermont (206th of 230), and 9,746th of 11,911 in health care & social assistance. In 2023, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 85 to 101 since 2022.
Mayo Healthcare, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Mayo Healthcare, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 030140186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.