Employer · plans filed under one EIN
Mayo Clinic
Rochester, MN · Health care and social assistance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under Mayo Clinic's employer identification number (Rochester, Minnesota). Their latest filings total 206,440 participant records and $26.8B in net assets.
The largest is Mayo 403(b) Plan, a 403(b) plan with 112,693 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $430M and participant contributions $685M in the latest plan years; benefits paid were $1.21B. Schedule C compensation reported to service provider organisations totalled $30.2M.
Combined net assets moved from $5.45B in 2009 to $15.1B in 2025 (up 177%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Mayo 403(b) Plan | 403(b) plan | 2025 | 112,693 | $15.1B | $133,937 | $1,955 | $15.5M |
| Mayo Pension Plan | defined benefit pension plan | 2024 | 93,747 | $11.7B | $124,646 | $3,595 | $14.6M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 112,693 | $15.1B | $164M | $685M |
| 2024 | 2 | 208,383 | $24.5B | $416M | $634M |
| 2023 | 2 | 198,241 | $22.1B | $418M | $592M |
| 2022 | 2 | 193,705 | $19.5B | $394M | $541M |
| 2021 | 2 | 183,663 | $22.9B | $432M | $512M |
| 2020 | 2 | 175,604 | $20.1B | $674M | $441M |
| 2019 | 2 | 167,581 | $17.2B | $658M | $426M |
| 2018 | 2 | 160,279 | $14.3B | $269M | $402M |
| 2017 | 2 | 151,311 | $14.6B | $708M | $370M |
| 2016 | 2 | 149,972 | $12.2B | $598M | $342M |
| 2015 | 2 | 143,296 | $11.1B | $563M | $315M |
| 2014 | 2 | 124,212 | $10.4B | $579M | $248M |
| 2013 | 2 | 112,311 | $9.50B | $215M | $230M |
| 2012 | 2 | 112,417 | $8.20B | $389M | $205M |
| 2011 | 2 | 98,639 | $7.07B | $689M | $175M |
| 2010 | 2 | 92,154 | $4.05B | $0 | $309M |
| 2009 | 2 | 96,474 | $5.45B | $172M | $144M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Financial Engines | Investment advisory (plan) | 1 | $11,505,981 |
| Sit Investment Assoc. | Investment management | 1 | $5,105,484 |
| Fidelity Inv Ins Op Com, Inc. | Participant loan processing | 1 | $4,009,785 |
| The Northern Trust Company | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | 1 | $2,922,481 |
| Silchester International Investor | Investment management | 1 | $2,192,654 |
| Cape Ann Asset Management | Investment management | 1 | $849,089 |
| Harris Associates LP | Investment management | 1 | $715,641 |
| Lazard Asset Management | Investment management | 1 | $669,731 |
| Towers Watson Investment Services | Consulting (general); Actuarial | 2 | $606,045 |
| TCW | Investment management | 1 | $553,067 |
| T.rowe Price Associates, Inc. | Investment management | 1 | $341,247 |
| Ernst & Young US LLP | Accounting (including auditing) | 1 | $272,660 |
| Nalanda Capital | Investment management | 1 | $216,491 |
| Mayo Clinic | Plan Administrator | 1 | $109,492 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Mayo Clinic have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Mayo 403(b) Plan and Mayo Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Mayo Clinic contribute to its plans?
$430,397,210 in employer contributions across these plans in their latest plan years, about $2,725 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Financial Engines, Sit Investment Assoc., Fidelity Inv Ins Op Com, Inc. and The Northern Trust Company and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.