Retirement plan
YALE-NEW HAVEN HOSPITAL AND TAX EXEMPT AFFILIATES TAX SHELTERED ANNUITY PLAN
YALE-NEW HAVEN HOSPITAL, INC.EIN 06-0646652Plan #003PY 2023
789 HOWARD AVENUE - NEW HAVEN, CT 065191304203-688-2401ynhh.orgLinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filingsProspect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$1999.8M
-19.4% from 2019
Total participants
30,922
-9.4% from 2019
Average account balance
$78,455
-13.8% from 2019
Annual return
19.65%
-27.06 pp from 2019
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
78
Participant deferral / active EE
$6,782
median $4,532
0
Employer contribution / active EE
$0
median $1,894
37
Participation rate
75.8%
median 86.5%
74
Avg account balance
$78,455
median $57,968
87
Admin fee / account holder
$14
median $47
67
Annual return
19.65%
median 18.72%
Overall peer rank
69of 100
69th percentileavg across 6 metrics
Analytics
2018 - 2024
Total assets (EOY)
Plan-year ending balance
$2.31B
Average account balance
Total assets / participants with a balance (line 6g)
$85K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
27,111
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
81.9%
Contributions (total)
Employer and participant dollars contributed each year
$161.70M
Contributions per participant
Average employer and participant contribution per enrolled participant
$7K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.38%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$13
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CAPFINANCIAL PARTNERS2 years Service code 16 · EIN 26-0058143 | Consulting | $51,783 |
BAKER TILLY US, LLP2 years Service code 16 · EIN 39-0859910 | Consulting | $19,768 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$1,769,436 |
Top hat statement on fileNQDC
Filed August 8, 2023 (most recent of 2 filings on file)
Plan administrator
Plans declared (1)
- Special Non-Qualified Retirement Plan II1 emp
Plan features & details
Pension benefit codes2F2G2L
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2LCode section 403(b)(1) arrangementPlan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$359K
$16 / participant
- Trustee / custodial$140K38.9%
- Investment mgmt$20K5.5%
- Other / not subdivided$200K55.6%
% of EOY assets
0.018%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- BAKER TILLY US, LLP
- Auditor EIN
- 301413443
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified