Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Mayo Clinic Saint Marys Hospital Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Mayo Clinic Hospital - Rochester Β· Minnesota Β· Healthcare & Social Assistance

What the 2023 filing shows

Mayo Clinic Saint Marys Hospital Retirement Plan holds $85M for 1,340 participants - about $63,586 per participant, down 16.4% over the 2022 plan year.

$85M
total plan assets (2022 EOY)
1,340
covered participants
$63,586
avg assets per participant
-16.4%
assets change YoY

The plan reported a net loss of $13M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$85M
Participants
1,340
State
Industry
Healthcare & Social Assistance

What the Filing Says About Mayo Clinic Saint Marys Hospital Retirement Plan

Mayo Clinic Saint Marys Hospital Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Mayo Clinic Hospital - Rochester, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $85M in total end-of-year assets and covers 1,340 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 410944601, and the plan has been effective since 1987-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $102M at the beginning of 2022 to $85M at year-end β€” a decline of 16.4%. Net assets (after liabilities) closed the year at $82M, with reported net income of $-13,409,750 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$102M
Total Assets (End of Year)$85M
Net Assets (End of Year)$82M
Net Income$-13,409,750
Plan TypeDefined Benefit (Pension)
Employer EIN410944601
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayo Clinic Hospital - Rochester)

Year Plans Participants Total Assets
2022 2 1,804 $125M
2023 2 1,698 $133M
2024 2 1,723 $138M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Mayo Clinic Saint Marys Hospital Retirement Plan?
As of the 2022 Form 5500 filing, Mayo Clinic Saint Marys Hospital Retirement Plan holds $85M in total assets with 1,340 participants. It is sponsored by Mayo Clinic Hospital - Rochester.
What type of plan is Mayo Clinic Saint Marys Hospital Retirement Plan?
Mayo Clinic Saint Marys Hospital Retirement Plan is a Defined Benefit (Pension) plan. It has been effective since 1987-01-01. The plan is filed with the U.S. Department of Labor under EIN 410944601.
Who sponsors the Mayo Clinic Saint Marys Hospital Retirement Plan?
Mayo Clinic Saint Marys Hospital Retirement Plan is sponsored by Mayo Clinic Hospital - Rochester, located in Minnesota. The sponsor's EIN is 410944601 and the plan operates in the Healthcare & Social Assistance industry.
How did Mayo Clinic Saint Marys Hospital Retirement Plan perform in 2022?
Mayo Clinic Saint Marys Hospital Retirement Plan declined by 16.4% during 2022, moving from $102M to $85M in total assets. Net income was $-13,409,750.
Where can I find official filings for Mayo Clinic Saint Marys Hospital Retirement Plan?
Official Form 5500 filings for Mayo Clinic Saint Marys Hospital Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 410944601 or plan name at efast.dol.gov.
How does Mayo Clinic Saint Marys Hospital Retirement Plan compare to other plans?
You can compare Mayo Clinic Saint Marys Hospital Retirement Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 410944601.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.