Mayo Clinic 401(k) match, vesting and fees
What Mayo Clinic's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Mayo Clinic: employer contribution per participant | $0 | |
| Peer median | $1,358 |
| Mayo Clinic: average balance | $72,365 | |
| Peer median | $44,442 |
| Mayo Clinic: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $249M at the end of plan year 2023 to $256M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,689 | $256M | $0 | $0 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 3,891 | $249M | $0 | $0 | 0.08% | Not published | Form 5500 ↗ |
Other Mayo Clinic plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Mayo 403(b) Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Inv Ins Op Com, Inc | Schedule C ↗ |
| Independent auditor | Ernst & Young (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Mayo Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Ernst & Young (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Mayo Clinic match 401(k) contributions?
The match terms for the Mayo Clinic Health System 401(a) Plan have not been published from its filing yet. The plan year 2024 filing reports $0 in employer contributions, about $0 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mayo Clinic 401(k) match vested?
The vesting schedule for the Mayo Clinic Health System 401(a) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mayo Clinic 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Mayo Clinic Health System - Mankato.
I left Mayo Clinic. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mayo Clinic Health System - Mankato, (507) 345-2632) or the recordkeeper, Fidelity Investments Institutional. The Mayo Clinic old 401(k) page lists the contacts from every plan filing. Find an old Mayo Clinic 401(k)
Data from the public Form 5500 annual reports Mayo Clinic filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Mayo Clinic. Not financial advice. Report a correction · Methodology