Marshall Medical Employees' Retirement Plan

Investment oversight resides with the Marshall Medical Center Board of Directors. The board, chaired by George Nielsen with Siri Nelson as CEO, governs the pension plan as a fiduciary committee. Day-to-day investment management responsibilities may be delegated to external consultants or OCIO providers, though specific mandates are not publicly disclosed. The plan's governance structure is typical of single-employer hospital pensions where the sponsoring entity's board retains ultimate authority over asset allocation and manager selection.

Marshall Medical Employees' Retirement Plan is a private, single-employer defined-benefit plan. It covers employees of Marshall Medical Center, a nonprofit community hospital, and is not part of any California state or municipal retirement system. Because it is privately sponsored, the plan files Form 5500 with the Department of Labor rather than adhering to the public disclosure requirements that govern CalPERS or CalSTRS. This distinction limits the amount of publicly available asset-level detail.

The plan lists multiple commercial real estate holdings on its Form 5500 filings, all tied to the Marshall Medical Center operational footprint. Properties span eight addresses in Placerville, Cameron Park, Diamond Springs, and El Dorado Hills. The holdings are predominantly medical office buildings and clinical facilities leased back to the sponsoring hospital system. This in-house real estate exposure is a defining characteristic of the plan's asset base and reflects a liability-hedging posture rather than opportunistic property investment.

The plan does not publicly disclose its total assets under management in a consolidated, easily accessible format. Annual Form 5500 filings provide participant counts and contribution data but the plan has not issued a public AUM figure through press releases or investor reports. Absent a direct disclosure from the sponsor, no reliable AUM estimate is available from public sources. The plan's scale is consistent with a mid-sized, single-hospital defined-benefit fund in a rural market.

There is no public evidence that the Marshall Medical Employees' Retirement Plan allocates to private equity, venture capital, or hedge funds. Publicly available filings and the plan's conservative, liability-driven profile suggest a portfolio concentrated in fixed income, public equities, and directly held real estate. Smaller private hospital pensions of this type rarely maintain the governance infrastructure required for an alternatives program, and the plan has not disclosed any GP relationships or fund commitments.